Don't blame us for your woes, China tells US

China has again warned the US not to use the dispute over the value of the Chinese currency, the yuan, as a "scapegoat" for its high unemployment and flagging growth prospects. This came even as the Obama administration pledged to investigate Beijing's subsidies to its growing clean energy industries while delaying a politically volatile report on the Chinese currency.

The Obama administration's approach — part carrot , part stick — reflected the delicate balance the administration is trying to strike in a campaign year by taking a newly assertive posture over China's trade and commercial policies, while pursuing delicate negotiations as an alternative to confrontation.

Source: timesofindia.indiatimes.com...

The currency wars between the greenback, the yuan and other major trading currencies are staged so that they all collapse and therefore serve the economic globalist plan to introduce the Strategic Dollar Reserve (SDR), an alternate global currency which is a direct predecessor to the coming one world currency called the mark of the beast.

U.S. may delay China currency report until November

The Obama administration looks set to delay a much-anticipated decision on whether to label China as a currency manipulator, possibly until after the US congressional elections and a Group of 20 summit in November. Senate aides told Reuters the Treasury Department would hold off releasing its semi-annual report on the currency practices of US trading partners. The report had been expected on Friday.

United Nations: Drop the U.S. dollar as world reserve currency

The United Nations has stepped into the debate on the future of the US Dollar - to urge that it be dropped as the world's reserve currency. What was once seen as a slightly crackpot idea has quickly gained traction in world capitals, particularly Beijing, Moscow and Tehran, but this is the first time that a world organisation has openly taken this position. The UN Conference on Trade and Development, or UNCTAD, has said in its new report that trade imbalances and the breakdown in the way currencies and capital rules work was 'largely' responsible for the financial crisis. Although this fact has been pointed out by many economists and politicians, no-one has spelled out a potential solution - until now. It is calling for the biggest overhaul of the world's monetary system since World War II. In effect, it is suggesting that a new composite or artificial currency be created, that would be a weighted basket of major currencies. In other words, rather than having the US Dollar as the sole reserve currency, the new system would bring in a range of currencies that should balance out into a more stable system. The idea would be to use the IMF's Special Drawing Rights (SDRs), which are formed from a basket of currencies but are used for accounting purposes only. Under the plan, the 'supranational' currency would start to be used for active trading.

See what I mean?

reply to post by ironfalcon


We could say that when China comes crying we owe them money.

It is orchestrated.

It is a fight between the powers with no care for individuals.

They are all into ruling.

China and its rising sun flag are probably the next super-power.

God help the world.

Of course China's Karl Marx pretender ruling govt is to be blamed.

If not for their adherence to commit their masses to being slaves to greedy corporations around the world, with its continual and consistant determination to keep their currency low to boost their already double digit export growth rates, much of the world would have a level playing field as they restart their own economies.

It is comprehensible for this corrupt govt to amass as much financial gain as they can, even sleeping with the devil that the corporations are, for they have 1.3 billion chinese masses to keep fed if they are to maintain their power and hold it for more years to come, even at the expense of the world's humanity as well as the very chinese citizens they are supposed to protect but had turned them into slaves and indebtured foreign workers to the world.

The cities may seem like rich 1st world states, but step beyond the restricted city gates and you will see punishing powerty and slavery in the countrysides, held by the 30 million corrupt commie card waving bootlicking CCP committee members.

Only in facing reality can we solve our world's problem. As long as we deny and continue to make excuses, our economic problems will never be solved. Either some of our fellow humans will have to die of starvation or we will kill one another when push comes to shove. No one wins. The sooner the inhuman CCP and Corporations wake up, the more lives will be saved.


As for the one world currency, no more must currency be back by confidence instead of resources. That basket of currencies weighted to lend stability by itself offers more instability to futures market for none will know what that dollar will be worth if one or a few in the basket collapses economically as nations will periodically do, the next day.

That piece of paper called dollar is nothing but a symbol of trust between parties. Does one trust the US dollar? Most do, because it is still ruled by law, and anyone can seek justice should that trust be broken between contractual parties or that trading policies do not arbitarily change overnight.

Does one trust the Chinese Yuan? How do I get my refund for my money if the CCP arbitarily raises interest rates the next day or place restrictions on its export policies changing one day to another on a whim, for they are not legally elected representatives of the 1.3 billion people anyway but tyrants with absolute power over life and death of others?

Just because a state claims it is doing well does not mean it is well or will continue to do well. To bank that dollar on such claims is nothing but another con game. But should the one world currency or whatever one wishes to call it is backed by true and value resources, words and claims of trusts will be eliminated, for resources do not lie. It is either there or not there.

An example of a resource of value.

It must be a valuable and rare resource that no one else in the world can reproduce, or at least easily. Water as we know is valuable to life. Without food, we may still live, but without water for one day, we will die. Suppose there is a way in which a human organisation can reproduce enough water to keep humans alive for eternity, more so as we will embark soon to the stars to fulfill our destiny, then that resource can be a means by which credit can be derived from.

A worker works for an employee for a month and he will be paid $1,500 worth of water credits. For each dollar of credit, it will bring him 60 litres of water. But he will not need 60 litres for the entire month, thus he can exchange the other $1,499 worth of water credit to another, example buy a tv for $1000 worth of water credits.

The company selling the TV will then have water credits to pay his workers, for resources and save his profits.

The human organisation controlling the water supply will not be profit orientated, but an entity only to keep the valuable resource avaliable, credit stability and necessary but at a cost to humanity by the litres it sells. Even though when water had been bought, drank, disappeared or evaporated, that organisation can recreate water again next day, as the demand for it will always be there as humans need water. Any profits it makes will be redistributed back for world's social expenditure.

For those who save with water credits, it will be the additional supplies to the annual qouta that the human organisation is allowed to create per year. With additional growth of population and industries, such excesses will be resold for profits and translated into saving interests for savers.

This is only a simple example and kept simple so that more may understand how important the portability of money is and how backed it must be. It works similarly with gold, except that gold is not a valuable resource to mankind. We hardly need gold to survive. Only something or some being out there needs gold, and it aint us..........

No more must mankind be hoodwinked again by fancy sounding named organisations or professionals backed by funding corporations and not by their own integrity.

Originally posted by catwhoknows
It is orchestrated.

It is a fight between the powers with no care for individuals.

They are all into ruling.

China and its rising sun flag are probably the next super-power.

God help the world.

China would be the reigning superpower nation and the new world order enforcer (due to its massive army) in the years to come.

The globalist banksters propped up the fascism in China.