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Currency battle begins

I recorded the video segment below on on RT America on Wednesday night (Notice my green tie for St. Patrick’s Day!). The overall gist of the clip was that the currency battle now brewing between China and the U.S. is mostly a political confrontation. There are reasonable ways out of this that don’t include a trade war – that is if politicians choose to not to politicize the debate.

At the end of clip, I mention the Triffin Dilemma in which the US domestic agenda is at odds with the natural current account deficit that the US Dollar reserve currency role creates. For more on this, see my last post. The clip runs just over 5 minutes.

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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• More thoughts on the switch from dollars as reserve currency 24 Mar 2009
• Mea culpa on the need for a new currency 10 Jul 2009
• This is the problem with China’s currency peg 18 Mar 2010