Here's Another for ∏eh n∅∅b
how will he fare?
In today’s episode of As The World Burns;
China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.
Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.
Then quit buyin’ the freakin’ bonds, ya dumb Commies!
Oh! sorry… Was that reactionary of me?
Next entry: oooo lOOk!
Previous entry: One Hand Giveth
