Beijing...

[Guest ShaQuaNew]

Beijing is being reported as getting ready to pitch a new global currency and dumping the US dollar? So far, that's all the news I see on this. Sounds rather provocative...

 

[Randy W]

An interesting article . . .

 

http://online.wsj.com/article/SB123780272456212885.html

[Guest ShaQuaNew]

An interesting article . . .

 

http://online.wsj.com/article/SB123780272456212885.html

 

 

Indeed it is....just found this...

 

BEIJING -- China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy.

 

The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.

 

Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.

 

This time, China is on the offensive, backed by other emerging economies such as Russia in making clear they want a global economic order less dominated by the U.S. and other wealthy nations.

 

http://www.foxnews.com/politics/first100da...lobal-currency/

[GZBILL]

An interesting article . . .

 

http://online.wsj.com/article/SB123780272456212885.html

 

 

Indeed it is....just found this...

 

BEIJING -- China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy.

 

The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.

 

Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.

 

This time, China is on the offensive, backed by other emerging economies such as Russia in making clear they want a global economic order less dominated by the U.S. and other wealthy nations.

 

http://www.foxnews.com/politics/first100da...lobal-currency/

 

 

Ya'll hold your breath waiting for this to happen.

[Corbin]

An interesting article . . .

 

http://online.wsj.com/article/SB123780272456212885.html

 

 

Indeed it is....just found this...

 

BEIJING -- China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. role in the world economy.

 

The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China's increasingly assertive approach to shaping the global response to the financial crisis.

 

Zhou's proposal comes amid preparations for a summit of the world's industrial and developing nations, the Group of 20, in London next week. At past such meetings, developed nations have criticized China's economic and currency policies.

 

This time, China is on the offensive, backed by other emerging economies such as Russia in making clear they want a global economic order less dominated by the U.S. and other wealthy nations.

 

http://www.foxnews.com/politics/first100da...lobal-currency/

 

 

Ya'll hold your breath waiting for this to happen.

Oh it may never happen, but it doesn't help the US economy one bit in the condition it is now. Every little peace of info that scares the people makes them less sure about their future economy.....

 

We already have a few places here in the Detroit area printing scripts to take the place of US money only good for the local area. This and I just read about one of our local papers which has been publishing for 174 years is going out of business (Ann Arbor News). The economy is getting real bad in the good old USA.....

Edited March 24, 2009 by Corbin (see edit history)

[Feathers268]

Ah, all you people want to do is bash the US.

[Corbin]

Ah, all you people want to do is bash the US.

So please tell me how my post is a US bashing post.....