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China calls for international supervision over the issue of U.S. dollars and for a new global reserve currency

China bluntly criticized the United States after the S&P ratings cut to AA-plus, saying Washington had only itself to blame and calling for a new stable global reserve currency.

"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.

Xinhua scorned the United States for a "debt addiction" and "short sighted" political wrangling. China, it said, "has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets."

"International supervision over the issue of U.S. 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.

Click here to continue reading:
http://www.reuters.com/article/2011/08/06/crisis-idUSLDE7750...

Xinhua said the U.S. must slash its "gigantic military expenditure and bloated social welfare costs" and accept international supervision over U.S. dollar issues.

Last month, China's top general, Chen Bingde, also linked America's financial woes to its military budget and asked whether paring back on defense spending wouldn't be the best thing for U.S. taxpayers.

Here's the article:
http://www.huffingtonpost.com/2011/08/06/china-blasts-us-ove...




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Whatever happens...

make sure the power elites don't get to enjoy it.

China has a role to play,

the script says China asks for Global currency. This play is moving right along hope you got your pop corn ready.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

As Mark Twain, I too have a role to play. Yet, scripts oft fail.

I humbly offer to you, as a potential member to the club, specific & compelling evidence that there has been a mistake, a correction, & a an apology. Scripts oft need rewrite.

WARM APOLOGIES TO MARK TWAIN, A BELOVED INSTITUTION
Women's Theatre Club Turns Down Its President, Mrs. Rosenfeld.

The New York Times, May 2, 1907. Letter of Apology Calls Him and Puts Him Next, but One After the Constitution.

The members of the Actors' Fund Fair Committee of the Century Theatre Club held a fervid meeting yesterday morning in the rooms of the Woman's Professional League, in the Berkeley Lyceum Building, and voted that it was a shame that Christian Science and Mark Twain had come into collision over the fair. They had little sympathy for Mrs. Sidney Rosenfeld, President of their society, who wrote to Mr. Clemens asking him not to assist at their booth because of his hostility to Christian Science.

"Mrs. Rosenfeld [Women's Theater Club President] is an Englishwoman, and does not understand that, after the Constitution and the Emancipation Proclamation, you [Mark Twain] are our biggest native document and our best beloved institution." ...

http://www.twainquotes.com/19070502.html

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Seriously Mr. Mark Twain,

Seriously Mr. Mark Twain, what are you talking about? I never understand any of your posts...

Central Banks? You want Central Banks? "I'll give you truth!"

To: October2007 ________ From: Mark Twain
Subject: The world as Jack Nicholson portrays it.
Reference: "The truth? The truth? I'll give you the truth."

"THEORY ...the trouble about arguments is, they ain't nothing but theories, after all, and theories don't prove nothing, they only give you a place to rest on, a spell, when you are tuckered out butting around and around trying to find out something there ain't no way to find out...There's another trouble about theories: there's always a hole in them somewheres, sure, if you look close enough." - Tom Sawyer Abroad, Mark Twain

Appendix: Do not remove. It is the last thing a book has to offer.

Exhibit A - Central Banks Central Banks Committing Chomos? Cast: Central Banks... as themselves 05/26/2011

Exhibit B - Central Banks ☠ Central Banks Global Insanity Makes Scary Markets ☠ Cast: same as above. Stage rotates for perspective. 05/18/2011

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

roles

'All the world is a stage'

donvino

Opera House: Eerie theme music reverberates out into the street.

[Victrola next to ticket window, plays "Phantom Of The Opera" theme.]

[Hawker barking.]
Tickets! Tickets! "Creature from Jekyll Island! Get your tickets!

Double matinee. "Premiere: Creature from Shanghai!

[Approach dapper man standing on sidewalk]
Excuse me, Sir. You be DonVino? ... Ticket for you, complimentary... He did't say his name.... Mustache... He went inside to watch the show.

[Hawker continues.]
Tickets! Jekyll Island! Tickets! Shanghai! Get your tickets!

Tickets! Tickets! "Creature from Jekyll Island! Get your tickets!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I don't understand where all

I don't understand where all the resentment towards China is coming from, they are simply asking the US (quite politely) to get your fiscal house in order. If the roles were reversed the American people would be in an absolute uproar about China gaining fiscal sanity. China is simply telling it how it is...get responsible about managing your econmy or lose your right to manage the world reserve currency.

Step 1: Remove head from @$$.
Step 2: Balance budget.
Step 3: Return to place as world superpower.

Regards,

from Canada

just don't like them due to various reasons, implementing

stupid domestic policies while championing them as the way to go being one of them. has nothing to do with their dog fight with the us down the bottom of the sewer.

The resentment comes from

The resentment comes from ignorance.

remember, remember

this brilliant skit.

SNL: China wants it's money back
Nov 2009
http://www.just-a-regular-guy.com/2009/11/23/obama-meets-chi...

no one in congress is going

no one in congress is going to give this any real attention. china knows the president has the veto pen, and that's who they're reaching to at the moment, though i don't see that happening very successfully either.

I can understand Chinas concern

They are basically saying the same thing Ron Paul is. Spending too much on military, too much on entitlements, and borrowing too much is going in the wrong direction. If not for the federal reserve such a skewered balance sheet would not be possible. Budget deficits, trade deficits, out of control military and entitlement spending all this can be laid at the doorstep of the Federal Reserve and the big government politicians it serves. Ron Paul 2012

They know we will win

And get our republic back so they are fighting much harder now. Either way, we will win.

Ron Paul or Bust

Rebuild the Republic 2012

http://shelfsufficient.com - My site on getting my little family prepped for whatever might come our way.

http://growing-elite-marijuana.com - My site on growing marijuana

sovergn rights, REVOLT today

Not that I don't agree with spending cuts.

F*() you China, We shouldn't give up our sovereignty for them. They're doing the exact same thing to their economy but we just don't see it in the news. We should tell them to get used to their worthless dollars or we won't make good on our debts. Infact we should see this as a direct act of aggression and invalidate our debt to the Chinese. This is an attack on out sovereign rights as a nation. This is exactly why the super congress was in the last debt deal so that Obama can do what the Chinese say, saw it coming. Now they are going to try to impede on our rights and enslave Americans? F&*% that! We need a revolution before these Chinese monsters especially since they are owned by the same groups as our elected officials are trying to do the job of our congress. We should be revolting in the streets the Chinese will make this place worse than Greece and they have NO right to dictate our monetary and foreign policy, if they are so concerned about the value of the US debt they hold they can SELL THEIR DEBT, not financially enslave the US.

REVOLT REVOLT REVOLT REVOLT REVOLT OVERTHROW THESE CORRUPT FOOLS AND DO NOT LET THIS ENEMY STEP FOOT ON OUR SOIL.

China

I recently viewed a report that China is now 'counterfeiting' western retailers such as Starbucks. I am looking forward to see how well they do. Obviously, international trademarks do not apply in China lol

donvino

Buddy.... you don't have a

Buddy.... you don't have a clue. 9 hours 53 minutes. I can always tell when a newbie shows up.

...cause the US never

...cause the US never dictates monetary and foreign policy in other countries.

China is simply looking after there own self-interests.

BMWJIM's picture

Chill Dude!

Ride a bike, see the rest of the country. Drink a beer.

The SUPER Congress(?) is just to screw the middle class. It's NOT the Chinese that are the problem, it is us! All things come from within. Once we cure what ails us, then we can trade freely.

Jim

1976-1982 USMC, Having my hands in the soil keeps me from soiling my hands on useless politicians.

The plan of the elite is now introduced as the solution

First they destroyed us from the inside by taken over our Government.

They have done the same in all other countries in the world bar a very, very few like Iran.

They own all international organizations.

Now they manipulate us to crave their solution (which has been their plan all along).

"International supervision" is the next step towards World Government (dictatorship).

"A very, very few" (aka: Rouge states; out of control territory)

The Territories. That's where the Territorists live. They are outside state laws. Outlaws.

Now just a few decades ago in the US, this stateless state of affairs was not a sin, nor a crime. It was simply a Territory.

For example (a random example): Missouri, United States. Card carrying Union member 24. Statehood: Aug. 10, 1821.

Missouri state left out most of the territory. That was explained to me. Not many Territorists lived in the unstated parts. Fewer complained. The outlying territory was commonly known as "Missouri Country" until May 30, 1854. Certain post offices showed respect for the stated part of Missouri. Why the stated part even got themselves a congressman. Course that brought a change in the weather...

    The lightning there is peculiar; it is so convincing, that when it strikes a thing it doesn't leave enough of that thing behind for you to tell whether--Well, you'd think it was something valuable, and a Congressman had been there.
    - "The Weather," Mark Twain's Speeches

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The Tea Pot calls the Kettle Black. Misfortune abounds.

Each of the various National Central Banks make many of the same unfortunate mistakes. Our unfortunate world is a world using an un-measure to measure misfortune & unfurtune.

Globally, banks use an "elastic" measure. We all pretend we can measure our wealth with an elastic measuring stick. Elect an elastic Congress. Be ruled by and elastic ruler. How absurd.

Nations stack their Gross Domestic Product against their National debt, as if one might pay the other... Whereas both are an elastic measure of spending. One spent of the years. The other just spent. Economists throw a blizzard of statistics... utterly blinding us.

National·Debt ÷ GDP = Total·Debt·Spent ÷ Total·Annual·Spent

    How does a recent measure of spent cash explain how a nation will pay a historical account of spent cash?
    Why is "legal tender" debt? Why do we pretend it is money?

Our nation's money was to be a metal measure specified by weight & purity. There are many rational & reasonable ways to measure wealth & produce money to he used in trade. We don't need legal fiction.

    We ain't buying it.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

THIS IS WHERE WE'RE GOING..

this is what it's all about. After pumping all these international institutions with taxpayer funds over the decades, now these institutions will be set to enforce on us. We know it's coming, it has been a long term plan to take this country into receivership. We're already de-industrialized and bankrupt, NOW OUR SOVEREIGNTY WILL BE DESTROYED

Will our nations assets be sold off? Will our labor, and that of our children, be taxed on behalf of our creditors? THIS is the result of big government. We Americans can't afford the govt in Washington, yet they won't cede power, and the inflated currency will tax all of us. The poorer you are, the more you'll hurt, until there is only poor and superclass. Then we'll be all set for global integration, and Obama will have his global middle class (ie serfs)

Visit https://soundcloud.com/politics-of-freedom for all recent Ron Paul interviews, speeches, debates, forums, panels, press conferences, news coverage, and Texas Straight Talk updates!

"Terrorism is the war of the poor, while war is the terrorism of

Isn't this tantamount to a

Isn't this tantamount to a bar tender preaching to the customer in his bar about how reckless he is to drink?

As a bartender, I resemble

As a bartender, I resemble that!

As a Mark, I recall your remark.

"I resemble that remark." - Groucho Marx. Julius Henry Marx 1890 - 1977

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

How about us Americans?

WE AMERICANS have every right now to demand the United States address its structural debt problems and ensure the safety of OUR dollar assets. Ron Paul for President!

OK Chinamen, what about just

OK Chinamen, what about just starting to buy gold instead of dollar assets for all your surpluses, and leave it to the gold producing countries to deal with all the dollars?

With China's growing international clout, they should be able to slowly introduce gold denominated contracts in many areas, which again should make other countries feel safer about doing the same, since China is so big.

Then, over time you wean yourself off of your dollar dependency, while doing the world a huge favor at the same time. With China buying massive amounts, the gold price would soon get high enough that the total value of above ground gold enables it to be very viable store of value for even huge players, unlike today.

But I guess whining and yapping like impotent poodles, while doing nothing of any substance, is more the Chinese way.

sell it

They can just sell their us govt debt to someone else, America doesn't needs debtors like these and they won't retaliate with rw military strikes. The problem is that Obama WORKS FOR THE KGB, he's gonna roll out the red carpet for our would be Chinese emperors.

Gold needs no management in a free market or any tax funds.

The free market and the politicians could both benefit,

Free includes debt-free!