Velocityshares Daily 2X Vix Medium Term (TVIZ)

[77steel]

Gld “If” the rest of the world is going to use the renminbi someday..as a reserve or trading currency, clearly it needs a mechanism by which to accumulate renminbi...How does the world accumulate sufficient renminbi to acquire reserve status? There are basically two ways. First, China can run a current account deficit. Second, foreign capital inflows into China can be matched by Chinese capital outflows. The second way does not result in a net foreign accumulation of Chinese assets, but it allows foreigners to hold renminbi bonds and other assets to the same extent that Chinese hold assets abroad (above the current account surplus, of course). So it too will run into triffin’s paradox and replace the US as the world’s global currency warehouse and run consistent trade deficits.
What do you think here?