“International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country.”
China tells US “good old days” of borrowing are over
NEW YORK/SHANGHAI, Aug 6 (Reuters) – China bluntly criticised the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.
Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget deficits and climbing debt burden.
China — the United States’ biggest creditor — said Washington only had itself to blame for its plight and called for a new stable global reserve
Comment by Adamantine:
I would consider this to be a step along the pathway to the world coming together to to control all buying and selling. Our new internet world is not going to issue I would suggest paper and coin. It will issue electronic control.
JS has positioned himself well.
The theory of Herb Peter’s has become a theory of one thousand names and it will possibly be fulfilled with a thousand nuanced events different than Herb or we at first suspected.
It is not over until someone with credentials similar to JS is revealed and the 144,000 sing.