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Interesting fact that on September 9th the amount of SDRs increased by almost 1500%.
Originally posted by SenorChili
Would it be wise to max out my credit cards and just start buying everything I need?
with the coming collapse of the dollar, would any debt would be completely erased and lost ?
Originally posted by johnwayne
Fake, the first guy was talking about some home baked deserts and making some at home. Second guy talked about nothing about what video subtitle said.
Yes I speak fluent mandarin chinese.
[edit on 26-9-2009 by johnwayne]
Zhou proposed an overhaul of the global monetary system, outlining how the dollar could eventually be replaced as the world's main reserve currency by Special Drawing Rights (SDR), the International Monetary Fund's unit of account.
Originally posted by really
This may or may not be true (obviously). We should also keep in mind that this is Chinese National Television. Why do you think they'd be more honest than our MSM? Just something to keep in mind.
Originally posted by LovePeaceFreedom
reply to post by DevilJin
I have been lurking for quite a while but just registered because I saw this thread though Mandarin is not my mother language but I understand it. The video is just about some Chinese official visiting a village in China. It has nothing to do with G20 or anything of that kind.
And I found another link, the person who uploaded the video has admitted it was actually an April Fool's joke.
I speak Chinese. The video has nothing to do with what the title nor the caption indicates. The video was in fact about a visit of a Chinese official to a local village. It is not at all about the G20. Makes me wonder if the maker of the video made an innocent mistake or was the mishap intentional.
csquare319 (3 months ago) Sh
The IMF had said Wednesday that China agreed to purchase approximately $50 billion worth of bonds denominated in Special Drawing Rights, a fund-raising effort that is part of a broader push to bolster the IMF's resources. Brazil and Russia have also said they each intend to buy as much as $10 billion of bonds from the IMF, which hasn't issued debt before.