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-   -   China calls for new global currency (https://greekchat.com/gcforums/showthread.php?t=103995)

Honeykiss1974 03-25-2009 08:35 AM
China calls for new global currency
 
China calls for new global currency (AP)

AP - China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.

http://buzz.yahoo.com/article/1:y_ne...zneJceVLban414


Hmmm. Not too surprised - I knew it would eventually come to this...

KSig RC 03-25-2009 11:02 AM
Quote:
Originally Posted by Honeykiss1974 (Post 1793849)
China calls for new global currency (AP)

AP - China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.

http://buzz.yahoo.com/article/1:y_ne...zneJceVLban414


Hmmm. Not too surprised - I knew it would eventually come to this...
Oh weird! You mean China wants to unpeg from the dollar now that they would get to dictate terms of the new currency? Surprise!

srmom 03-25-2009 12:02 PM
Well, since they own us, I'm sure they're thinking it's time to dictate policy.

Should we be surprised?

RU OX Alum 03-25-2009 02:38 PM
Quote:
Originally Posted by srmom (Post 1793906)
Well, since they own us, I'm sure they're thinking it's time to dictate policy.

Should we be surprised?
Nope.

Thetagirl218 03-25-2009 07:58 PM
Quote:
Originally Posted by KSig RC (Post 1793880)
Oh weird! You mean China wants to unpeg from the dollar now that they would get to dictate terms of the new currency? Surprise!
They own most of the US, why not change the currency....?

moe.ron 03-25-2009 09:16 PM
I have an idea, why not go back to pre-Bretton Wood and have the gold as the world's currency.

RU OX Alum 03-26-2009 12:48 AM
Quote:
Originally Posted by moe.ron (Post 1794148)
I have an idea, why not go back to pre-Bretton Wood and have the gold as the world's currency.
that's a good idea

KSig RC 03-26-2009 02:24 PM
Quote:
Originally Posted by moe.ron (Post 1794148)
I have an idea, why not go back to pre-Bretton Wood and have the gold as the world's currency.
So what happens with institutional reserves? Hoarding? Insane inflation that will occur immediately?


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