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China requests reserve currency debate at G8 -sources

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  • #1

    China requests reserve currency debate at G8 -sources

    They are going to get us yet?

    http://www.reuters.com/article/usDol...29307120090701

    "China has asked to debate proposals for a new global reserve currency at next week's Group of Eight summit in Italy and the issue could be referred to briefly in the summit statement, G8 sources said on Wednesday."
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  • #2
    Re: China requests reserve currency debate at G8 -sources

    I saw a panel show not long ago with an acclaimed Chinese expert who stated China told the US it wouldn't lend them more without the US promising to change to the OW currency and they were forced to agree.
    It holds more U.S. Treasury debt than any other country and has expressed fears that Washington's huge spending on economic stimulus programmes could spark inflation, hurting the value of China's dollar-denominated reserves.
    But many are saying it will damage the US position if the world converts.

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    • #3
      Re: China requests reserve currency debate at G8 -sources

      CNBC just had a guy on from the IMF who said that the dollar will be the world's reserve country for a long time!

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      • #4
        Re: China requests reserve currency debate at G8 -sources

        LOL Hi John
        Interesting. It makes me think about all those who for months kept saying the capitalist system in our countries were solid. Nothing to worry about. LOL

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        • #5
          Re: China requests reserve currency debate at G8 -sources

          Originally posted by SAT
          But many are saying it will damage the US position if the world converts.
          Now, for any who would like to make an understatement, this would be the one to beat.

          Yes, this would "damage" the U.S. position; as in leveling the playing field? It's almost like some people have that as a goal.

          Issachar
          The church is on Earth to save souls from a lost world, not to save the world from lost souls.

          Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

          I saw ten thousand talkers whose tongues were all broken - dylan

          Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

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          • #6
            Re: China requests reserve currency debate at G8 -sources

            Originally posted by Issachar View Post
            Now, for any who would like to make an understatement, this would be the one to beat.

            Yes, this would "damage" the U.S. position; as in leveling the playing field? It's almost like some people have that as a goal.

            Issachar
            I think you hit on something here, Isachar?

            To have a good sporting event, football, basketball, soccer, fill in the blank, you need to have as "level of a playing field" as possible to get as many as possible to "play" along! The NWO can't have one super power and convince everyone to "play" along! We Americans are very glutinous, have no will power and over consume in everything we do! So, until someone can fill our role of "trying to die with the most toys" and as "obese" as possible, we are needed by the NWO, IMO! Therefore, our purchasing power can only be reduced to a certain "level"! The unemployment rate is what is being used to control us and let the NWO advance it's plan. For the really "unwashed", the way the NWO Haaaavaad and Yale graduates look at us, they divert our attention with the death of entertainers, sport's figures (entertainers, also?), etc. I am not saying the NWO leaders killed MJ or SM but they wouldn't hesitate for a second to do it, if it fit their plan!

            As Christians, we have some idea of what is going on, because we have read the Book, and we know who wins!ping: But the deception is so good that we are "almost" taken in too!head:

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            • #7
              Re: China requests reserve currency debate at G8 -sources

              Oh they have that well on it's way....
              http://wedg.millenniumweekend.org/fo...ad.php?t=28817
              LOL

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