China Says the End of the Dollar is Near


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.

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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.

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6 Responses

  1. L’ Ascensione nei Cieli in Corpo, Mente, Anima e Spirito per i Figli di DIO ad opera di Gesù Cristo, ci Salverà dall’annientamento per poi essere Reinseriti sulla Terra una volta Purificati e Rigenerati, noi saremo tramite la Divina Discensione di nuovo posti SOPRA la SUPERFICE della Nostra Meravigliosa Nuova Terra Rigenerata e in un Nuovo Cielo Inseriti sempre ad opera di Jesus Cristus nostro Signore.

    Si Preghi con Fervida Fede in DIO UNO ONNIPOTENTE in attesa del Ritorno della Venuta del Signore Jesus Cristus nostro Salvatore.

    IN NOME DEL PADRE, DEL FIGLIO E DELLO SPIRITO SANTO GENERATORE DI MARIA MADRE DI DIO, COSI’ SIA, ( dove nella Tradizione più antica implica che lo Spirito Santo possa coincidere con il principio Generatore Femminile. )


  2. Sure the chinese is right but can he produce a better, honest, non debt, non speculative toilet paper called currency. I bet he cant nor the big boys behind the curtains going to loose their toys. (behind the false FED and dollar emission system) The long lasted political corruption of the US will run into ANY mayor war from now on and lead popular attention into the dark as usual. Check the economic news everywhere! No one got the balls to tell the truth and less to remove the entire condition of creating money out of nothing against debt plus interest. The peoples exchange facility ment to be given by its own government and no business done with it, specially not causing massive population growth and huge debt and grow pressures on the societies!

    Wake up chinese. You are doing exactly the same crime against humanity Rotschild, Warburg, Rockefeller and sort of invented already at times of the tea war. Feng Lei has been much better than any currency system so far and it would be better we all got used to this ancient system instead.

    Fact is that powers achieved by the mass manipulation of the dollar and the way of life will do a damn thing to fix justice and equality, they will either bomb nucs on yellow folks or initiate in the style of Bushes and Nixon and MacCarthy third parties stink against China and declare national proud the reason for dump US voters. This worked out well until today even against the honest and innocent truth providers and since the US army is only strong if they are in all types of advantages they will tell the chinese that the russians or the indians or the pacistanians declared war against China. Thats a worldwide marketing of the US-rael alliance but only the US citizens are to stupid to understand a thing or which rat did buy which rat in their own lines. I am going that far because if the dollar falls the entire US nation falls into a stink hole sofistically constructed against them already 100 years ago. I dont want millions of US citizen to die nor a single kid starving because of the existance of the dollar and currency systems leaded by greedy and icy misreable humans.

    Watch out everybody because the yuan-dollar issue is of essential meaning to everybody on the globe!

    • The Federal Reserve, the central banks, the IMF and the World Bank are all part of the Babylonian debt based money system. Any monetary and banking system that is based on fraud eventually collapses. All this fiat currency is created from debt. This started in ancient Babylon. Archeologist found clay tablet where the money changes kept tract of interest that they charged their borrowers. Today, the deceptive paratices of the money changers have evolved into a more sophistcated method. The bankers and the government are in partnership. It is called a CABAl. Isn’t that called aiding and abetting a criminal enterprise? If you wan’t someone to blame for this financial and economic crises: 1-Start with the 2/3 majority in congress that voted to pass the Federal Reserve Act of 1913, 2-Passed NAFTA and GATT, 3-Gave tax credits to the industrial corporations to move their manufacturing off shore, 4-Deregulated the banks. Any public official that is working against the public interest is an enemy of the state. You don’t have to cooperate with the enemy. All of us have to take a stand sooner or later. It may take acts of civil disobedience. United we stand divided we fall. I define the common people is any person whether unskilled or a skilled laborere that has to work for an hourly wage. Now that fits most of the people. Doesn’t it? Stop complaining and become active in a grass roots movement. The following methods of change are: 1-Strikes 2-Boycotts 3-The underground cash and barter economy 4-Peaceful demonstrations 5-Picketing 6-Flyers 7-Town hall meetings

  3. Any one of these following contributing factors could lead to the demise of the dollar and a collapse of the financial base of the economic system. 1-If China quits buying U.S. Treasury bonds. 2-The oil is either shut off or the price of gasoline goes from $5.00 to $10.00 a gallon at the pump. The U.S. economy is totally dependent on oil. It is a necessity. There are many bi-products that are made from oil, such as plastics, pollyesters, fertilizers and tires to mention just a few. All the products have to be transported to the market place. If the transportation companies have to pay more for fuels, they will pass the cost on to the consumer at the retail level in the form of higher prices. The one world government under international bankers agenda is to destroy the U.S. dollar before they can establish a one world currency. These masters of deception are slowly and subley introducing this new monetary system by making a transition to a paperless money. A significant amount of people are already using both debit and credit cards. Eventually all transactions will be done with a combination debit and credit card. The next step is inbed a computer chip in your right hand or forehead. This is already being done with animals for identification prurposes. From the time you applied for a social security card, you had a number. The globalist want to get rid of 90% of the worlds population by having justifiable genecide war. These elitist are the very personification of evil.

  4. Nokriinfo says:

    “The current international currency system is the product of the past,” Great Saying of Hu.

    Dollar will become like ruble(1980’s) soon.

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