China pushes for SDR to displace US dollar - 28 Jun 09

CCTV-9
SDR: Special Drawing Rights

Category:

News & Politics

Tags:

• China
• US
• SDR
• Special
• Drawing
• Rights
• dollar

[GLADIATORvsNWO]

Interesting there is a blackout on this in american news. lol. wonder why...

[mattblainewafyt]

@GLADIATORvsNWO

It was published on some mainstream sites but buried under important news like Paris Hilton getting in trouble for smoking the doobie

[RexallMetal]

To all people that hate God and the Bible, and refuse to believe it is true. It's right

there in Revelations, all people will have to take the mark of the Beast 666 in order to trade, buy or sell anything. One world currency is coming ! wake up. The US dollar is dieing as a World currency. As governments fall, and debt kill econimes, One world leader will take over called the AntiChrist. you will see the Bible is coming true right before your eyes.

[J5MARLON]

Thank you Bill Clinton and GW Bush

[TheMoviebuff78]

Wanne get rid of the debt well good.best thing to do is let them pay 25%tax for importe there shitty products.

[drewzillasaurusrex]

SDR currency will not be more stable. All countries are inflating their currencies. This is just another proposed liquidity scam. I won't accept the SDR in my country. Only the sheeple will accept the SDR in the USA.

[pillowbugg]

It's only a matter of time before we are forced to adopt a one world currency. It's all by design.

[Hahnsolo07]

Lol - funny coincidence chinese tv is called cctv :) 

[dons123111]

@buzongtang Newsflash! The news today is talking of raising SS age requirements to 69 years old. The Ponzi scheme is already on the ropes from entrepeuners who do everything they possible can to avoid being caught in this ponzi scheme so they opt out. Raising age requirements will only drive out more producers and make the scheme even worse and bankruptcy will come to it just that much faster. Unless politicians can drive out beuracrats, they will starve the old age with their draco government.

[dons123111]

@buzongtang China has already downgraded the Treasuries ability to pay back the debt last week, so we have already made a move and it should motivate politicians. The major credit rating agencies like Moodys is warning the Treasury of a possible move later on this year that they will downgrade credit worthiness from AAA to AA if the debt continues to climb.

[dons123111]

@buzongtang I wish I was reaching. But the debt is too high in America now, it's like the debt of 3rd world nations who default on their loans. GDP to debt is 90% and expected to reach 100% in a few years. That's total 3rd world crap. The President will seek to cut back on spending with congress and more taxes will only drive out the producers that are needed to pay the debt. The PIGS in Europe, Portugal, Ireland, Greece and Spain, have debt over 100% of GDP and are about to default also.

[buzongtang]

@dons123111 I donno man. China needed to unhitch from the dollar at some point. With D.C. breathing down their necks to value their currency and the fact that an artificially devalued yuan was making it harder for Chinese to buy things, a change was inevitable.

Still, you're reaching when by speculating on whether or not the yuan will become the world's reserve currency. The US economy has had a hiccup but it is by far more trusted than China's, who is a nation with a lot of big problems.