Marc Faber : A Currency Union in Asia is out of the question

Dr. Marc Faber on Dennis Tubbergen Show - 15 July 2012 discusses his opinion on China’s currency, the Renminbi, becoming the world’s currency,China and Brazil’s recent currency agreement, balance in the economic power, the recent rally in US government bonds, inflation vs. deflation, and his ‘prediction’ of the financial future. " a Currency union in Asia is out of the question says Marc Faber , because of the political divisions in Asia and the unsuccessful experience of the Euro in Europe