China Says The End of The Dollar is Near -Alex Jones Tv - 2 of 3
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Andrew Brown Wall Street Journal January 16, 2011 Hu Highlights Need for U.S.-China Cooperation, Questions Dollar BEIJING—Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a "product of the past" and highlighted moves to turn the yuan into a global currency. "We both stand to gain from a sound China-U.S. relationship, and lose from confrontation," Mr. Hu said in written answers to questions from The Wall Street Journal and the Washington Post. Mr. Hu acknowledged "some differences and sensitive issues between us," but his tone was generally compromising, and he avoided specific mention of some of the controversial issues that have dogged relations with the U.S. over the past year or so—including U.S. arms sales to Taiwan that led to a freeze in military relations between the world's sole superpower and its rising Asian rival. AFP January 16, 2011 Hu calls currency system 'product of the past' China's President Hu Jintao said Sunday the international currency system was "a product of the past," but it would be a long time before the yuan is accepted as an international currency. Hu's comments, which came ahead of a state visit to Washington on Wednesday, reflected the continuing tensions over the dollar's role as the major reserve currency in the aftermath of the US financial crisis in 2008. "The current international currency system is the product of the past," Hu said in written answers to questions posed by The Wall Street Journal and the Washington Post. Highlighting the dollar's importance to global trade, Hu implicitly criticized the Federal Reserve's recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries' exports. http://www.infowars.com/china-says-th...
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@Mr123me321 The Fed commissions the printing. The Fed is in control of the money supply. The Fed is in control of the interest rates. Mayer De Rothschild was quoted saying "Give me the power to supply a nations currency and I care not who makes it's laws".
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@Mr123me321 The US government does not print money. That job was unconstitutionally given to the Federal Reserve in December of 1913. The Federal Reserve Act of 1913 was actually written by a small but powerful group of globalist bankers. They met in 1910 on Jekyll Island off the coast of Georgia. Hence the book "The Creature from Jekyll Island". The Fed prints money and loans it to the US government at interest. The clincher is they don't print the money to cover the interest. Think about that.
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@Mr123me321 Why the US president and Congress let the Federal Reserves to get away with this? Isn't there a third or fourth party to elect in the party politics of America? Why kept electing the same two political parties for 250 years and then yells afterwards that they are not doing a good job?
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