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The Birth of the ‘De-Americanized’ World. Beijing Calls for Creation of New “Reserve Currency” to Replace the U.S. Dollar

By Pepe Escobar

This is it. China has had enough. The (diplomatic) gloves are off. It’s time to build a “de-Americanized” world. It’s time for a “new international reserve currency” to replace the US dollar.

It’s all here, in a Xinhua editorial, straight from the dragon’s mouth. And the year is only 2013. Fasten your seat belts – and that applies especially to the Washington elites. It’s gonna be a bumpy ride.

Long gone are the Deng Xiaoping days of “keeping a low profile”. The Xinhua editorial summarizes the straw that broke the dragon’s back – the current US shutdown. After the Wall Street-provoked financial crisis, after the war on Iraq, a “befuddled world”, and not only China, wants change.

This paragraph couldn’t be more graphic:

„ Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas, instigating regional tensions amid territorial disputes, and fighting unwarranted wars under the cover of outright lies.

The solution, for Beijing, is to “de-Americanize” the current geopolitical equation – starting with more say in the International Monetary Fund and World Bank for emerging economies and the developing world, leading to a “new international reserve currency that is to be created to replace the dominant US dollar”.


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Only gold, silver and copper g\keep governments honest.

Everyone knows what they are. They are not paper promises.

Free includes debt-free!

China has a currency...but to

China has a currency...but to be honest, I have no idea what the hell it is called.

Oh yes, the, "renminbi," thank you, yahoo.

Everyone knows what a US dollar is. How many people know what a freaking renminbi yuan is?

Not many.

The US dollar is a product. It's the Federal Reserve's best seller. People like dollars like they eat Big Mac's. The dollar is a brand that sells. It's backed by nothing, but it's a movie that most people like. The dollar is make believe. It's a fantasy made possible with computers, mathematicians, and social political psychology. It's literally monopoly money, but it's cool and very popular to have, and still hard to come by no matter how many trillions the FED prints out of thin air.

The world took a financial dump in 2008, and the Federal Reserve bailed the entire global market out with toilet paper to wipe their asses with.

China is just pissed off that the FED sold them toilet paper called T-Bills and saturated the entire world with dollars.

The US TP'd China's front lawn with debt instruments that will blow up if they attempt to remove them. Sorry, but that is what happens when a horse takes a dump on your property, and then you buy it.

That is how powerful the US dollar is. People buy useless $hit every day and most of it is made in China. How ironic is that?

Never be afraid to ask simple questions.

ecorob's picture

You know? I'm not really too impressed with China.

The communist regime they have there now, the one that is in power and making all of this noise, they killed about 50 MILLION of their own "comrades" to have the privilege of speaking to us now.

And, oh, by the way, the WEALTH the Chinese Communist Party has accumulated, off of the sweat and the brow of their own still living slave laborers, is blood money. It is much like the blood money our own Communist gov't in power here in the US strips from us, the people through endless taxes.

I do find it shameful, however, that our leaders in the Senate have allowed themselves to be cheapened to the point of ridicule by the Chinese, and it sticks.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

Quite an elegant paragraph....

Sounded like it could have come straight from the Declaration of Independence.

Protect your assets and profit from the greatest wealth transfer in history.

Forget currency, let's use money instead.

Yes and the Intertubes facilitate barter.

Make what you have into 'money'.

Free includes debt-free!

This time around the revolution will not be televised

At least not directly. Look up BRICS and then go to the goldenjackass.com

The March Toward One Global, Integrated Currency

Is in full motion. It's all a setup for us all to "buy in" to SDR's or some other cockamayme financial tool to control the rodents in the maze (us). The Federal Reserve "model" is maxing out. So just reinvent the process again.

We roll through life and never really ask why things are the way they are. It's because we do not want to admit that well organized special interests really do exist, and they are like a snake holding it's victim...with each exhale the grip tightens.

Name one single currency

Name one single currency product that can replace the US dollar.

The entire world financial system was, "bailed out," with Federal Reserve Notes. What other currency could do such a thing?

Never be afraid to ask simple questions.

And who lent the money to use Fed notes? China.

The creditors make the rules.

Academic question

Does China have solvent currency to lend, or does it equally participate in fabrication?

Oh, wonderful. Yay China! (not) ....

We all know the problems with our current monetary/fiscal policy, but the goal is to fix it, so that we can restore America to the prosperity it once had. Right?

I mean the decline of America, & the dissolution of free-markets, individual liberty, and the US Constitution is the goal of the New World Order is it not?

Those responsible for this decline of American liberty and liberty abroad are those very New World Order elements that have infiltrated our nation (Obama/Clintons-Commie Globalists, Bushes-Nazi/Skull+Bones, and their associates & business partners in gov't, media, & industry).

Is the OP of his thread rooting for China, in his scenario? Honest question.

This is being instituted by the new WORLD order, as America, our Constitution, our free-markets, and our liberty as individuals is he greatest obstacle in the way of their goal.

It is not the US vs. China and the US is wrong, it's the American People vs. the NWO, who run the US & Chinese governments.

Are you a POT or a PET - Person Embracing Tyranny?

It isn't that simple.

This was going to happen anyway since 2008. China's been prepping for at least a 2016 timeline to be ready to do it.

You say the OP is rooting for China. The truth is, you should focus your frustration elsewhere.

You are simple. Was my statement simple, or complicated?

It was not a very 'simplistic' theory, but it is simple enough to understand. So why don't you?

First of all, since '08?

More like our financial system has been doomed to fail since 1913, at least.

And who do you think implemented that? Woodrow Wilson under orders from his globalist masters. They have been trying to dismantle the US since our Declaration of Independence.

This collapse would NOT have happened naturally, it is by design. That much should be clear to anyone who has followed Dr. Paul, and Austrian economics. Before the Federal Reserve system was implemented, and even for a long time after, our free-market, individualist system was naturally spreading itself around the globe, forcing monarchies and aristocracies the world over to go into hiding and to reform the economic and civil policies. The fall of the monarchies in Europe (at least officially), and it has even spread to the east (Japan, China, Russia, Korea, etc.).

But there has been a cancer (NWO) eating away slowly but surely at our system, and since WW2 it metastasized and has spread into every part of our American system, corrupting every organ, every function. Woodrow Wilson himself warned of this secret group of powerful people, as did Eisenhower, as did JFK. Since then, they took the executive branch, and we have heard Bush Sr., Joe Biden, and others openly speak of this New World Order.

As for the OP, I never STATED that he was rooting for China... I ASKED HIM if he was. Not you.

I love how you criticize my knowledge on the subject, but offer no explanation or reasoning of your own. And you simply tell me to "focus my frustration elsewhere".

Who is it exactly that I should be focusing on? Free-market capitalists? Austrian economics? Constitutionalists?

Why should I "focus my (attention) elsewhere", when the NWO infilth-traitors in our gov't are selling us down the river to the Chinese. No, it is not the free-market, constitutional system backed by Gold & Silver that our Founders set up that is collapsing. It is a criminal system that high-jacked our nation, run by globalist elites, that is designed to collapse the USA, and transition us to a NWO, fronted by the authoritarian-collectivist regimes in China, Russia and Europe, and the newly tyrannical co-opted US gov't.

Are you a POT or a PET - Person Embracing Tyranny?


Let me ask you a question. If our Founding Fathers were setting up the system you say.......why was it, the first thing they did was create a central bank?


Shehuizhuyi fazhi li’nian


“Education in the concept of
socialist rule of law"


Ready for your world bank 1

Ready for your world bank 1 world currency?

America is being collapsed on purpose in order to remove the last and most mighty vestage of capitalism the world has ever known and pave the way for total collectivist global dominance.

If the history of Germany and Russia are any indication, they will want to punish us too. Given that America was the biggest thorn in the side of the world government crowd for so long, I have a feeling they mean to bring the hammer down pretty hard.

I wouldn't cheer too loudly for this. We have a loooot of work ahead of us once the dollar collapses. We have to build a republic based on common law and sound money, and we are going to be doing it against the banking empire's wishes. I imagine they aren't going to take that sitting down.

+1... Nailed it.

See my post below, too.

Unfortunately, some here are cheering this, loudly.

Are you a POT or a PET - Person Embracing Tyranny?

The saddest part is there is nothing wrong with the dollar.

Except that NO ONE is using it - at all.

That's the problem, and the solution is simple - start using it again.


I have a good friend from Russia.

He says NOBODY is wanting the US currency now.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

You might have misunderstood me.

I'm not referring to the Federal Reserve Note, I'm referring to the Dollar.

The problem is we stopped using Dollars long ago - everyone has, and started using Federal Reserve Notes in their place.

The solution is to stop using FRNs and start using Dollars again.

Quite simple really.

So you're not a fan of competing currencies?

I am. I like the idea of free exchange...If the new republic wants to issue a gold backed currency, that's fine just don't force me into it with legal tender laws.

I don't have a problem with competing currencies other than I

want the option to never use them and stick with Gold and Silver.

If other people want to use worthless paper or blips no matter what scheme they concoct for it, that's their business.

I'll stick with real Dollars thank you.

When was the last time

that you held a real dollar?

I carry one with me every day - minted in 1888 in New Orleans.

I also have a small savings in real money, some of each denomination save gold and half-dimes.

I'm never broke.

But that's more because no one really knows its value for me to trade with or I might have spent it by now during several tough times.

so you agree with me

and then down vote me...

makes perfect sense

Uh, I don't recall down voting you.

Least not on that comment.

It could've been me

but it wasn't.

How could you know who voted you down?

fucking idiots down voting

can you even read and understand what I am saying?

COMPETING CURRENCIES = gold, silver, fiat currencies, bitcoin, litecoin, REAL DOLLARS, Swiss Francs, Petro-Yuan, goats, chickens....whatever-the-fuck is the medium of EXCHANGE

THAT is the definition of competing currencies

you fucking morons