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China blasts US 'debt addiction' and calls for new global stable reserve currency
"International supervision over the issue of US dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," Xinhua said.
Originally posted by Wrabbit2000
reply to post by CasiusIgnoranze
After the US downgrade becoming official, China will likely find traction this time. It could make serious progress toward happening. Sometimes I wish I were in some other country watching this from a laptop at a bar as an Ex-Pat. I'd sure feel better, feeling sorry for the Americans left here...from elsewhere.
Originally posted by studio500
The Euro was one suspected replacement but in the current climate even that looks unlikely.
I mean, I used to think all other countries outside the US were third world countries...
Originally posted by davidgrouchy
Here is one that Russia actually proposed back in 2009.
Originally posted by JakiusFogg
Can I point out the obvious.
China is asking for a new world RESERVE currency.
Not a new one world currency?