China's Official Press Agency Calls For New Reserve Currency, And New World Order

China's Official Press Agency Calls For New Reserve Currency, And New World Order

From zerohedge.com

We assume it is a coincidence that on the day in which we demonstrate China's relentless appetite for gold, driven by what we and many others believe is the country's desire to have a call option on a gold-backed reserve currency when the time comes, just posted in China's official press agency, Xinhua, is an op-ed by writer Liu Chang in which he decries the "US fiscal failure which warrants a de-Americanized world" and flatly states that the world should consider a new reserve currency "that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from ... (full story)

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Oct 13, 2013 3:52pm

China has been calling a new currency reserves for many years but the ironic here is that; why PBOC can't freely float the Chinese Yuan in the forex market? Anybody in China with Chinese Yuan can't just go to the bank and make an exchange to any currency? What US lawmakers are doing is wrong, for not raising the debt ceiling with fireworks!

Anybody supporting the tea party mafias should understand that whatever these morons are doing in the Capitol Hill amounts to extortion or hostage taking. They can't equate Obamacare to raising the debt ceiling, you can't ask for concession from the already passed laws to do your job.

HerbertH

Oct 14, 2013 3:08am

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Quoting Guest

Disliked

Consider the source. Self-serving nonsense. I wish the US would declare China a currency manipulator and slap new tariffs on all Chinese goods.

Ignored

That's a bit arrogant, don't you think?

"China's (which as a reminder is the single largest offshore holder of US Treasury paper)...."

http://www.npr.org/blogs/money/2013/10/10/230944425/everyone-the-u-s-government-owes-money-to-in-one-graph

Ill-b-back

Oct 13, 2013 1:51pm

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Quoting Guest

Disliked

Let me guess... It would be a pyramid on it, right?

Ignored

The US reserve currency already DOES have a pyramid on it, complete with the "All seeing eye"....

Oct 13, 2013 2:04pm

FRAC it up

Oct 14, 2013 8:47am

No use feeding an old helpless Lion in your Zoo.This will be misuse of money. Let it go out and bring a new younger one. It will be proper to start a De-Americanization initiative in the World Financial Arena. A new Reserve currency may be developed considering the currencies of present day growing economies.

Trader#5DDA

Oct 13, 2013 3:48pm

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A new currency based on Gold standard, it's the only thing that can save us from the Green Satan (US dollar).

Have faith in our savior the Gold, brothers ! (and faith in China to not continue with this cheat that is US dollar ^^)

Shutdown D+14