So Mr. Obama, when you screw up the dollar beyond China's desire to continue to buy our government bonds, how do you plan on financing those trillions of dollars you keep printing and handing out like Robin Hood?China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.
Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.
“This is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money,” said Qu Hongbin, chief China economist for HSBC.
If we give this clown his 4 years, the dollar will be replaced globally by either the Euro or some other currency and our economy will be as bad or worse than Mexico's. Most of us here will be unemployed.
This is the change you liberal retards wanted? Are you happy yet or will you not be content until the $10k left your 401k is wiped out?
Hey, don't let the constantly devalued dollar caused by Obama running the printing presses 24/7 get you down. Other liberal a-holes like Gov. Quinn in Illinois will help things along by raising income tax by 50%.
WTF is wrong with you libtards? Are you honestly this freaking stupid?