I think everyone wants to believe an end to their misery is coming without having to risk anything themselves. The so called rewards of societyhave a hold over its members..such is the reason for the rat race. These things weigh so heavy on our minds which is why we'd rather be apart of the systemthan fight it. Subsequently without risk there is no reward so most are left stuck on stupid hoping for SOMEONE/THING ELSE to solve the problems.
[h2]October 25, 2008[/h2]http:// [h3]CHINA ATTACKS U.S. DOLLAR; CALLS FOR OTHER COUNTRIES TO "BANISH IT"[/h3]I warned this would happen and here we go. China has launched a full scale assault upon the U.S. dollar, telling countries around the world to "banish it" from international trade!
This is no small problem and will make financial matters here in America very much worse very fast.
This is economic warfare; intentional and malicious. It's the kind of act that starts wars.
[h1]U.S. has plundered world wealth with dollar: China paper[/h1]
Fri Oct 24, 2008 6:14am EDT
BEIJING (Reuters) - The United States has plundered global wealth by exploiting the dollar's dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
The front-page commentary in the overseas edition of the People's Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.
The People's Daily is the official newspaper of China's ruling Communist Party. The Chinese-language overseas edition is a small circulation offshoot of the main paper.
Its pronouncements do not necessarily directly voice leadership views. But the commentary, as well as recent comments, amount to a growing chorus of Chinese disdain for Washington's economic policies and global financial dominance in the wake of the credit crisis.
"The grim reality has led people, amidst the panic, to realize that the United States has used the U.S. dollar's hegemony to plunder the world's wealth," said the commentator, Shi Jianxun, a professor at Shanghai's Tongji University.
Shi, who has before been strident in his criticism of the U.S., said other countries had lost vast amounts of wealth because of the financial crisis, while Washington's sole concern had been protecting its own interests.
"The U.S. dollar is losing people's confidence. The world, acting democratically and lawfully through a global financial organization, urgently needs to change the international monetary system based on U.S. global economic leadership and U.S. dollar dominance," he wrote.
Shi suggested that all trade between Europe and Asia should be settled in euros, pounds, yen and yuan, though he did not explain how the Chinese currency could play such a role since it is not convertible on the capital account.
A two-day Asia-Europe Meeting (ASEM) of 27 EU member states and 16 Asian countries was set to open on Friday. Though few analysts expect much in the way of concrete agreements, Shi said it could prove momentous.
"How can Europe and Asia grasp each other's hands and together confront the once-in-a-century global financial crisis sparked by the U.S.; how can they construct a new equitable and safe international financial order?" he said.
"The world is waiting for this Asian-European meeting to achieve big results in financial cooperation."
Keep laughing. You will the truth.
Originally Posted by devildog1776
2012 has nothing to do with the Bible. Read upon on the Mayan Calendar before you're telling people to save the drama.Originally Posted by DunkNForce
the bible says this, the bible says that
Not everyone feeds into it, save the drama for your mama foo
Originally Posted by FIRST B0RN
The Bible?
He think its a complete joke. I've already tried. He doesn't care.Originally Posted by buggz05
Originally Posted by FIRST B0RN
The Bible?
What's the point of being so disrespectful to one's beliefs? Regardless, I believe we are already under a world currency as spoken in Revelations (as most of revelations is metaphorical). And Regardless, let's hurry up and get the end over with so we can start the beginning.
agreed. and americans certainly do love our drama
