posted on Mar, 24 2009 @ 11:45 AM
" China calls for new global currency
Joe McDonald, The Associated Press Posted at Tuesday, March 24, 2009 EDT
BEIJING — China is calling for a new global currency controlled by the International Monetary Fund, stepping up pressure ahead of a London summit
of global leaders for changes to a financial system dominated by the U.S. dollar and western governments.
The comments, in an essay by the Chinese central bank governor released late Monday, reflect Beijing's growing assertiveness in economic affairs.
China is expected to press for developing countries to have a bigger say in finance when leaders of the Group of 20 major economies meet April 2 in
London to discuss the global crisis."
I guess everybody is getting in on this act. First Russia, then the EU, now China. Top this off with the bank closure rumours in other threads and
this actually looks like it can happen.
Very, very scary!