Hot talks about China's new reserve money proposal

(bbs.chinadaily.com.cn)
Updated: 2009-03-27 15:31

Hot talks about "China Urges New Money Reserve to Replace Dollar!" (http://www.nytimes.com/2009/03/24/world/asia/24china.html?_r=2&ref=world)

From Green DRagon

     Game Master

If China buys up more EURO or other alternative assets in the market, eventually the US$ cash will reach the BRITISH CLUB banks and gets to be reinvested into the Amerikan Regime financial, Investment markets.

What China can do is to diversify it's financial reserves into EURO, Gold, strategic crude oil reserves, strategic minereal and metal reserves, some BPD and US$. And China is right to expand the role of the RENMINBI in the near future.

However, it would be SAFER if Trade Route States, European Union and British Club provide reassurances to the Arab-GCC states against a potential Mesopotamian conflict between the primary forces of Turkish-Kurd, Baathist Arabs-Russian and Shia Mesopotamians-Persians. I guess the main combatants should be the Baathist Arabs as there is no revenue in the land they occupy.......

Some kind of BRIBE could prevent a war from breaking out, either securing a tri partite government in Mesopotamia or partitioning Mesopotamia with BRIBEs paid to the Baathist Arabs from initiating war.

From totothedog

Volcker has now blamed China for the fraudulent dollar imposed on the world at the point of a gun. As one Amerikan put it, the dollar is only backed by F-16s. It's a gangster kurrency.

Without the speculative attacks such as the Asian Financial Crisis, nations wouldn't need so many dollars to protect their currencies. Without Amerika forcing oil exporters to accept dollars, we wouldn't need dollars at all.

That is going to be the case soon anyway. The euro which the Anglo Amerikan propaganda attacks relentlessly, means the whole eurozone can reduce its dollar holdings. The ASEAN and GCC single currencies will do the same. The US deficit took until 1982 to rack up its first trillion. The last one from $10 trillion to $11trillion took only 5? months. YES! FIVE AND A HALF FREAKIN' MONTHS. The exponential curve of dollar implosion means the dollar has entered the gravity well of a black hole and since Dec 2006 was paying interest on its interest on external debt alone. The US ekonomy is F***** with even Geithner letting slip that Amerika will consider SDRs as a new global currency.

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