Uploaded by TheAlexJonesChannel on Jan 16, 2011
Andrew Brown
Wall Street Journal
January 16, 2011
Hu Highlights Need for U.S.-China Cooperation, Questions Dollar
BEIJING—Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a "product of the past" and highlighted moves to turn the yuan into a global currency.
"We both stand to gain from a sound China-U.S. relationship, and lose from confrontation," Mr. Hu said in written answers to questions from The Wall Street Journal and the Washington Post.
Mr. Hu acknowledged "some differences and sensitive issues between us," but his tone was generally compromising, and he avoided specific mention of some of the controversial issues that have dogged relations with the U.S. over the past year or so—including U.S. arms sales to Taiwan that led to a freeze in military relations between the world's sole superpower and its rising Asian rival.
AFP
January 16, 2011
Hu calls currency system 'product of the past'
China's President Hu Jintao said Sunday the international currency system was "a product of the past," but it would be a long time before the yuan is accepted as an international currency.
Hu's comments, which came ahead of a state visit to Washington on Wednesday, reflected the continuing tensions over the dollar's role as the major reserve currency in the aftermath of the US financial crisis in 2008.
"The current international currency system is the product of the past," Hu said in written answers to questions posed by The Wall Street Journal and the Washington Post.
Highlighting the dollar's importance to global trade, Hu implicitly criticized the Federal Reserve's recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries' exports.
http://www.infowars.com/china-says-the-end-of-the-dollar-is-near/
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Alex Jones is a liar and fraud as is Stansberry. Jones NEVER has any real experts on his show, just gold pumpers and crooks sued by the SEC like Stansberry. Jones BANNED Mike Stathis, the leading expert on the economic collapse because Stathis advises people to trade gold ETFs, NOT buy physical gold. Ted Anderson's Midas Resources (he is also president of Jones network) scams people selling overpriced gold to his sheep audience.
OccupyWallStreetSays 1 day ago
IT'S OVER A YEAR SINCE THIS CAME OUT. WHAT'S THE DEAL NOW? EVERYONE KNOWS EXACTLY WHEN JESUS IS COMING....SOON!
ouivalerie 1 week ago
real talk
soulreaver7100 3 weeks ago
*Giggidy*
jezzyjack1 1 month ago
Thank You Alex for risking everything to give us TRUTH! The world is blessed to have whistle-blowers like yourself working for whats right!
hot21mom 1 month ago
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ASIANBOYZPRODUCTION 1 month ago
@6765BMC Well, a "blind chicken" can peck a piece of corn now and then... But, for the most part, Alex Jones is a "fear monger". And, many people eat his shit like "ice cream and birthday cake". The guy earns a living "over-dramatizing the negative" and "prognosticating DOOM"... Just like the people who do to the theater to see a horror movie; some people just love to be frightened...
BigBlue0002 1 month ago