China Wants to Ditch the Dollar – Take Them Seriously



How dare the Congress go on vacation – GET THEM BACK. Bad enough they didn’t solve the problem, but why are they rewarding themselves? I don’t care if Harry Reid ever sees his Pomegranate trees again.

Now we have this from the Chinese communists who are ripping us off –
The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States of its triple “A” rating.

The United States “should get a clear understanding that the continuous decline of the debt service capability will inevitably result in the outbreak of a sovereign debt crisis.”

Guan Jianzhong, Chairman, Dagong Global Credit Rating, in comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”
Read here: CNBC

However, the announcement failed to register in the markets as investors have yet to decide whether to take the Beijing-based company seriously.

LET’S TAKE THIS SERIOUSLY, ESPECIALLY THE PART ABOUT THEM RIPPING US OFF. They steal our inventions, ideas, technology and then sell it all back to us cheaply.