Chinese Official: Stop the Private Federal Reserve or we will dump the dollar!

[Sane]

The Chinese are becoming increasingly wary of the growing supply of U.S. dollars
http://rawstory.com/08/news/2009/09/07/china-objects-to-dollars-growing-liquidity/
By Stephen C. Webster Published: September 7, 2009


The Chinese are becoming increasingly wary of the growing supply of U.S. dollars, leading the head of the nation’s green energy initiatives to signal a move away from dollar reserves and toward, gold, euros and yen, according to a published report.

“We hope there will be a change in monetary policy as soon as they have positive growth again,” said Cheng Siwei, former vice-chairman of the Standing Committee, according to The Telegraph.

He added: “If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies.”

Siwei also noted that China is especially interested in purchasing gold, but will move methodically in that arena so as not to agitate the market.

“To the degree that they sell dollars and buy gold, Yen or Euros, there can only be downward pressure on the U.S. dollar,” noted Edward Harrison with economic analysis publication RGE Monitor.

“One cannot rely on the words of one Chinese official to represent policy makers in China,” he added. “And Cheng never said the Chinese are now actively diversifying away from the U.S. dollar. Nevertheless, Chinese officials have been talking along this dollar bearish line for months now and I tend to believe their words will lead to action.”

However, some believe China has already begun this diversification.

“[Siwei's] comment captures exactly what observation of gold price action suggests is happening,” opined Ambrose Evans-Pritchard in a Telegraph op-ed. “Every time it looks as if the bullion market is going to buckle, some big force steps in from the unknown.

“Investors long-suspected that it was China. We later discovered that Beijing had in fact doubled its gold reserves to 1054 tonnes. Fait accompli first. Announcement long after.”

Business Insider added: “It’s going to be slow, and the country is loathe to buy too heavily, else it distorts the market more than it would like, but over time it will keep accumulating the shiny metal.”

Sunday, central bank supervisors from all the world’s most powerful nations agreed, at America’s behest, to strengthen the “Basel II” framework for international commerce and increase currency liquidity in all member nations. They also agreed to empower “global supervision” of financial industries, which they said will ultimately result in markets with greater resistance to economic stress.

China has over $2 trillion in U.S. dollar reserves.

[gEEk squad]

Does that mean Obama will declare the FOIA lawsuit and HR 1207 to be in the interest of "national security?"

[Sane]

Does that mean Obama will declare the FOIA lawsuit and HR 1207 to be in the interest of "national security?"

It means that if he stops HR 1207 or the FOIA lawsuit, he is helping the bankers cause a clear and present danger to national security.

[TheHouseMan]

I'm telling you all right now. These Cash4Gold commercials have been wild lately. The price of gold is on the verge of skyrocketing.

[LeftyLeo]

Ah, now I see why gold and silver shot up recently. And I wouldn't be surprised if the stock market takes a big hit next week, and the dollar gets beat up.

[chris jones]

Its beggining to appear that all roads lead to the FED.

FK amazing, I was suprised by the congresman Frank remark about the FED, but this one takes the perverbial cake.

One things bothers me, the power could see this coming, they are raised and tutored in the world of finance and its deceptions. This gang on high have information and inner circles of coherts, and lackeys that go beyond our realm of reality.

OK, someone tell me the 10,000 on high did not anticipate this move. Is it true that our Goverment has made consessions to China in the case of default, that being property within our borders.
What have we in store for another suprise.
Does this profoud message coincide with the flag raising, the vaccines, the wars,the depression, the foreclosures.
This remark was timed.

[Georgiacopguy]

ALL of it is timed. Holiday weekend going into a four day week to lessen chance of rebound, timed. Bank closures happen on fridays? Timed.

[EchelonMonitor]

The dollar has to lose most of its value--the question is just when.

This is why the debt doesn't matter--it soon won't be worth anything.

Meanwhile we're stealing as much as we can from the suckers in the rest of the world, like the Chinese and the Japanese.

I have to laugh every time I see the Japanese central bank buy dollars to prop it up so we can give them paper for their cars.

"Don't wolly Mister American--you take this nice car, we take your check and we never cash it--not problem" lol.

[Sane]

The dollar has to lose most of its value--the question is just when.

This is why the debt doesn't matter--it soon won't be worth anything.

Meanwhile we're stealing as much as we can from the suckers in the rest of the world, like the Chinese and the Japanese.

I have to laugh every time I see the Japanese central bank buy dollars to prop it up so we can give them paper for their cars.

"Don't wolly Mister American--you take this nice car, we take your check and we never cash it--not problem" lol.

Hirohito sacrificed millions of Japanese and destroyed the entire culture of Japan to work a deal with the British Royals.  He did Pearl Harbor as a sacrificial rite to gain power for 50 years. You think the elite of Japan give a f**k about the people of Japan? Kind of a similar situation all over the world huh?  The pharaohs are exposing themselves, and the slaves are working together (slowly for sure) to spotlight their crimes against humanity.

[reed026]

My only question here is what is the exit strategy for the common american

[Sane]

My only question here is what is the exit strategy for the common american

others can talk about this better than i can. my strategy is an entrance strategy. yell this shit far and wide so the entire planet sees the psychopathic and genocidal maniacs that are using deception, theft, fraud, occupations, depopulation, etc. to rape and pilage the earth.

[reed026]

others can talk about this better than i can. my strategy is an entrance strategy. yell this shit far and wide so the entire planet sees the psychopathic and genocidal maniacs that are using deception, theft, fraud, occupations, depopulation, etc. to rape and pilage the earth.

Well then, my job as Paul Revere has been done. If anyone believes, is another topic.

I am thinking my exit strategy is to keep up with the stockpiling on regular ammo (.223, 9mm .45 cal), Silver Rounds(Lakota Tribe $50 coins), Distilled Water, Mountain House Foods etc.

Going to be a crappy few years. 

[Sane]

Well then, my job as Paul Revere has been done. If anyone believes, is another topic.

I am thinking my exit strategy is to keep up with the stockpiling on regular ammo (.223, 9mm .45 cal), Silver Rounds(Lakota Tribe $50 coins), Distilled Water, Mountain House Foods etc.

Going to be a crappy few years. 

not if we keep waking people up, it is going to be a new renaissance if we are successful. they will just walk away because they will see the wisdom in doing so. 10,000 psychopaths cannot control 305 million americans if those americans refuse to cooperate. that is what we intend to do, engage in non-violent, non-cooperation.

[reed026]

not if we keep waking people up, it is going to be a new renaissance if we are successful. they will just walk away because they will see the wisdom in doing so. 10,000 psychopaths cannot control 305 million americans if those americans refuse to cooperate. that is what we intend to do, engage in non-violent, non-cooperation.

You should've seen a conversation I had with a personal friend about not taking the vaccines. It's hard to get someone to believe the facts sometimes, even when you present them with all the necessary evidence to support your claims.

Hopefully though, on my personal issue (Kicking the International Banker's Asses out of this country) will really come true.

Just keep informing people, I've been telling my friends to invest more in silver than gold right now because there was something wrong with the amount of time gold prices shot up.

[EarthAngel_2012]

Just was news/info-surfing and ran across this...


http://www.moneyandmarkets.com/passionate-plea-from-asia-35424

[psy0ps]

 

[wolfman86]

This is part of the reason I came to Korea to work for a year...of course I didn't count on the won falling apart even worse than the dollar.

[LeftyLeo]

This is part of the reason I came to Korea to work for a year...of course I didn't count on the won falling apart even worse than the dollar.

The NWO is in full speed throughout the industrialized world, and the third world is quickly gaining speed.

[JBS]

They might go ahead and pop the dollar before the bills have to be paid and pull the plug on everyone still holding a yankee dollar. Whatever is best for the "banks" is what will happen, whatever it is.