Why flag and not comment?

Anyways, yes, this is huge. But from a moral standpoint, I can't see how the American people wouldn't want it to be this way. I feel uneasy when I think about what the rest of the world will think of America if they are repaid with monopoly money. Not to mention the lack of trust they would leave in the American people and its government. Very interesting situation.

I think its a clear sign that China believe themselves to be more influential /important than the US, hence they want the funds in their own currency.

Whether or not this is true however, we'll have to wait and see.

Good for China.

Take care.

Regards
Lee

This is a big event.. *if* they follow through with it.China has made quite a few statements regarding the yuans status and the dollar in the past 6 months or so.No doubt a little pressure from America may make them drop it...not versed in finance though so i dont know how good China's hand is against America.

The article says that they want future debt and loan services handled in the yuan. They probably can't affect the bonds that they already have. Good for China to get its yuan out in the world, but its no match for the dollar. Even if the value of the dollar declines, the U.S's influence in the world will keep people using the dollar. Not star/flag worthy.

[edit on 9-6-2009 by Xndercide]

This is coming on the hills of the treasury still needing 1.3trillion for obamas growth plan. I agree with the statement above this is what powerful countries have done to 3rd world nations to destroy there economy and to make there economy subservient to them.

I think what will happen is that the U.S. will do it, then after they get the cash, go to war with china. They will then clear the debt during war, stating that because of the war status, no debt obligations will be fullfilled and declared null and void. This will allow us to to wipe the books clean with them. All future debt after that still be done in the dollar. Additionally us going to war would serve as an example to the arab states as well as europe and russia. The only caviat is if all the countries, all at once started to demand this.

If that happened, then we would be forced instead of war, into bankruptcy. That is a scary situation, not only for us, but for the world as a whole.

just my opinion, but I don't see the u.s. accepting this, and I don't see countries like Japan, and Suadi Arabia accepting it. This would wipe them out financially.

Cheers,

Camain

Certainly not a surprise and if we did not live in a global (now) community where countries have varying degress of (financial) connections the dollar would have already crashed. It is basically worthless now and their is to much debt (in dollars) that will never be paid. I believe this country is already selling chunks of realistate in exchange for liquidation of what it owes. We are moving to a NWO, good or bad its going to happen. The USA has lost and the sheeples (zombies) will wake up one day soon (maybe?) to realize their American dream has become a nightmare movie and they are the star. Should be interesting over the next few months, assuming their will be a "next few months".

Time to invade Iran and cut off Chinas oil supply.

Get the missiles in the air. Let's get WWIII started.

[edit on 9-6-2009 by In nothing we trust]

i agree that it would be the perfect time for china to stop manipulating their currency and start letting the yuan go to its real value the china have all the money! ehhhh Just say no to drugs kids

10 year bonds have almost quadrupled as the US can not sell them - the reality is that this will simply drive up interest rates and cause huge inflation - the US almost has no choice here.

The Chinese have shown that they are driving their own recovery while the US continues to melt down - meaning - they can live without the US and their pile of worthless notes.

The price of oil is goign through the roof in response to devalued dollar - best thing to do right now would be to push oil through the $300 dollar mark by starting a war - and thats what they will do.

Why should we issue it in Yuan? So we can issue it in their manipulated currency?

Of course they would want this. No way they get this though. Remember, those guys rely on us buying their crap too... I think this article is garbage IMO

Originally posted by GreenBicMan
Remember, those guys rely on us buying their crap too... I think this article is garbage IMO

Yeah! but you see my friend, I think there is something more to this!

There are now voices in China and the Asian markets that say they don't need the American consumers for the future.

Intellectuals & the powers in China want to take all this money they are buying foreign bonds for, and invest them in China instead - to raise the standard of living inside of China.

By doing so! their own people and the growing Asian markets can be the new consumers of their products.

Of course! this is a process that will take some years, but I think we can see the signs of it already!

Anyway! this is only my opinion and my two €uro-cents!

I would take the Euro over the yuan, personally.