Friday, September 23, 2011

China Pushes For More Stable Reserve Currency - Bye Bye USD?

"Helpful non-confrontational, non-trade-war, conciliatory comments from China's finance minister Xie speaking at the IMF meetings.
*CHINA SAYS IMF SHOULD STUDY DEFECTS OF WORLD MONETARY SYSTEM
*CHINA SAYS IMF SHOULD DIVERSIFY GLOBAL RESERVE CURRENCIES
*CHINA SEEKS `STABLE VALUE' IN RESERVE CURRENCY SYSTEM
And in case anyone is still unsure of their commitment to slow growth:
*CHINA WILL SEEK TO MANAGE INFLATION EXPECTATIONS, XIE SAYS..."
at  http://www.zerohedge.com/news/china-pushes-more-stable-reserve-currency-bye-bye-usd