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03-25-2009, 08:35 AM
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GreekChat Member
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Join Date: Dec 2001
Location: Atlanta y'all!
Posts: 5,894
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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...
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03-25-2009, 11:02 AM
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GreekChat Member
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Join Date: Jan 2001
Location: Who you calling "boy"? The name's Hand Banana . . .
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Quote:
Originally Posted by Honeykiss1974
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...
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Oh weird! You mean China wants to unpeg from the dollar now that they would get to dictate terms of the new currency? Surprise!
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03-25-2009, 12:02 PM
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GreekChat Member
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Join Date: Aug 2006
Posts: 1,358
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Well, since they own us, I'm sure they're thinking it's time to dictate policy.
Should we be surprised?
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03-25-2009, 02:38 PM
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GreekChat Member
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Join Date: Jun 2006
Location: Greater New York
Posts: 4,537
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Quote:
Originally Posted by srmom
Well, since they own us, I'm sure they're thinking it's time to dictate policy.
Should we be surprised?
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Nope.
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Love Conquers All
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03-25-2009, 07:58 PM
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GreekChat Member
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Join Date: May 2007
Location: Florida
Posts: 1,622
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Quote:
Originally Posted by KSig RC
Oh weird! You mean China wants to unpeg from the dollar now that they would get to dictate terms of the new currency? Surprise!
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They own most of the US, why not change the currency....?
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03-25-2009, 09:16 PM
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Super Moderator
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Join Date: Aug 2000
Location: Southeast Asia
Posts: 9,026
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I have an idea, why not go back to pre-Bretton Wood and have the gold as the world's currency.
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03-26-2009, 12:48 AM
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GreekChat Member
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Join Date: Jun 2006
Location: Greater New York
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Quote:
Originally Posted by moe.ron
I have an idea, why not go back to pre-Bretton Wood and have the gold as the world's currency.
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that's a good idea
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03-26-2009, 02:24 PM
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GreekChat Member
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Join Date: Jan 2001
Location: Who you calling "boy"? The name's Hand Banana . . .
Posts: 6,984
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Quote:
Originally Posted by moe.ron
I have an idea, why not go back to pre-Bretton Wood and have the gold as the world's currency.
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So what happens with institutional reserves? Hoarding? Insane inflation that will occur immediately?
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