Sunday, August 07, 2011

China's chutzpah .... they want to supervise printing of American dollars - what ?

    China's official Xinhua News Agency came out after the Standard & Poor’s downgrading of the U.S. credit rating and called for international supervision over America's printing of dollars. Are you kidding me! They are on a campaign to undermine the dollar, pure and simple. They also suggested a new international reserve currency to replace the U.S. greenback.

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