Black People Politics : China plan to quit dollar infuriates US: Analyst

RAPTOR

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The decision by the Central Bank of China to no longer accumulate foreign exchange reserves in dollar has infuriated the United States, an analyst says.


Finian Cunningham made the remark in a Sunday column for Press TV amid escalation of tensions between US and China over Beijing's enforcement of an Air Defense Identification Zone (ADIZ).

“The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar,” he wrote.

Cunningham said China “move to offload some of its 3.5 trillion in US dollar reserves” poses “a mortal threat to the American petrodollar and the entire American economy.”

“China - the second biggest economy in the world and a top importer of oil - has or is seeking oil trading arrangements with its major suppliers, including Russia, Saudi Arabia, Iran and Venezuela, which will involve the exchange of national currencies,” he wrote, warning that the development threatens “the petrodollar and its global reserve status.”

Cunningham said Beijing’s November 20 notice about plan to “shift its risky foreign exchange holdings” in US dollars for other currencies “is a harbinger that the American economy’s days are numbered.”

“But, in the imperialist, megalomaniac mindset of Washington, the ‘threat’ to the US economy and indebted way of life is perceived as a tacit act of war. That is why Washington is reacting so furiously and desperately to China’s newly declared air corridor. It is a pretext for the US to clench an iron fist,” concluded the analyst.

Read: http://www.eutimes.net/2013/12/chin....likes"]&action_ref_map=[".UpzN_6MWYVM.like"]
 

KPITRL

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The decision by the Central Bank of China to no longer accumulate foreign exchange reserves in dollar has infuriated the United States, an analyst says.


Finian Cunningham made the remark in a Sunday column for Press TV amid escalation of tensions between US and China over Beijing's enforcement of an Air Defense Identification Zone (ADIZ).

“The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar,” he wrote.

Cunningham said China “move to offload some of its 3.5 trillion in US dollar reserves” poses “a mortal threat to the American petrodollar and the entire American economy.”

“China - the second biggest economy in the world and a top importer of oil - has or is seeking oil trading arrangements with its major suppliers, including Russia, Saudi Arabia, Iran and Venezuela, which will involve the exchange of national currencies,” he wrote, warning that the development threatens “the petrodollar and its global reserve status.”

Cunningham said Beijing’s November 20 notice about plan to “shift its risky foreign exchange holdings” in US dollars for other currencies “is a harbinger that the American economy’s days are numbered.”

“But, in the imperialist, megalomaniac mindset of Washington, the ‘threat’ to the US economy and indebted way of life is perceived as a tacit act of war. That is why Washington is reacting so furiously and desperately to China’s newly declared air corridor. It is a pretext for the US to clench an iron fist,” concluded the analyst.

Read: http://www.eutimes.net/2013/12/china-plan-to-quit-dollar-infuriates-us/?fb_action_ids=224211921036434&fb_action_types=og.likes&fb_ref=.UpzN_6MWYVM.like&fb_source=other_multiline&action_object_map=[460710337383160]&action_type_map=["og.likes"]&action_ref_map=[".UpzN_6MWYVM.like"]

I remember reading this a week and a half ago, about Chinas' plan to stop stockpiling US dollars. A story this important didn't even touch mainstream media, which didn't surprise me none. You can tell that this military tension over this air defense zone is related to this.
 

Kemetstry

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Orisons

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I remember reading this a week and a half ago, about China's plan to stop stockpiling US dollars.

A story this important didn't even touch mainstream media, which didn't surprise me none. You can tell that this military tension over this air defense zone is related to this.
Even though China has embraced Capitalism by using Hong Kong as the economic template for the Mega-Cities on the mainland, because it works/creates the money for them to feed their so massive population.

Haven’t they also adopted the very sound economic practice of cutting out the middlemen whenever they can [Brokers/Western PARASITES who do nothing but speculate/make millions] by setting up direct trading relationships with the countries who are supplying the natural resources necessary to keep their consistently spectacular economic growth, going?

What can the USA and the West do about that so intelligent move by China to stop the dollar being such an integral part of their wealth in the long term, NOTHING; but isn’t it a fact that it would take at least 10 years for them to spend the trillions of dollars they currently have stockpiled/thus the USA’s collapse is hardly imminent, is it?

Isn’t ANYONE who genuinely believes they are not programmed
graphically illustrating that their programming is COMPLETE?
 

skuderjaymes

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The decision by the Central Bank of China to no longer accumulate foreign exchange reserves in dollar has infuriated the United States, an analyst says.


Finian Cunningham made the remark in a Sunday column for Press TV amid escalation of tensions between US and China over Beijing's enforcement of an Air Defense Identification Zone (ADIZ).

“The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar,” he wrote.

Cunningham said China “move to offload some of its 3.5 trillion in US dollar reserves” poses “a mortal threat to the American petrodollar and the entire American economy.”

“China - the second biggest economy in the world and a top importer of oil - has or is seeking oil trading arrangements with its major suppliers, including Russia, Saudi Arabia, Iran and Venezuela, which will involve the exchange of national currencies,” he wrote, warning that the development threatens “the petrodollar and its global reserve status.”

Cunningham said Beijing’s November 20 notice about plan to “shift its risky foreign exchange holdings” in US dollars for other currencies “is a harbinger that the American economy’s days are numbered.”

“But, in the imperialist, megalomaniac mindset of Washington, the ‘threat’ to the US economy and indebted way of life is perceived as a tacit act of war. That is why Washington is reacting so furiously and desperately to China’s newly declared air corridor. It is a pretext for the US to clench an iron fist,” concluded the analyst.

Read: http://www.eutimes.net/2013/12/china-plan-to-quit-dollar-infuriates-us/?fb_action_ids=224211921036434&fb_action_types=og.likes&fb_ref=.UpzN_6MWYVM.like&fb_source=other_multiline&action_object_map=[460710337383160]&action_type_map=["og.likes"]&action_ref_map=[".UpzN_6MWYVM.like"]




you know that eutimes.net is a white racist site right? and racism is known to be blinding.. so they miss a whole helluvalot in much of their analysis.

that aside..

The currency conversation has been going on for years.. it's one the reasons Khadafi was demonized and taken down, even though his people had the highest standard of living in north Africa. The thing is.. the central banks of most countries.. are owned by the same people.. and it's those same people that profit from the US currency being used.. not us. We don't gain a thing from it.. As you know, the Federal Reserve is a private company.. with a secret membership. The best thing for America long term, would be for the devices of empire to be dismantled.. and for the American economy to accurately reflect economic production.. as opposed to military intimidation and price fixing. America needs to get back to manufacturing it's own products.. and dramatically reduce it's oil dependence.. And it's completely possible.. but it will take a good 25 years of a protectionist, isolationist government to make it happen. I'm not sure that can happen at the Federal level.. but it can happen on the State Level.. and success at the State level is contagious for other states.

otherwise.. the US will be forced to prey on other nations.. and will be required.. as a matter of survival.. to intimidate and bully it's way through time in order to hold together this unethically gained standard of living.

American's receive deep discounts on very very many things due to military arrangements.. and the American military's job is to hold strategic positions to keep those cheap imports coming in.. thus holding the lie together.
But it's still a lie. And all lies eventually have consequences.


 

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