SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: bentway10/14/2013 12:53:00 PM
1 Recommendation

Recommended By
Brumar89

  Read Replies (6) of 1579462
 
China Calls for "De-Americanized" World

—By Kevin Drum

| Mon Oct. 14, 2013 7:47 AM PDT

Here is today's shutdown news:

Upset that the fiscal stalemate in Washington is threatening the global economy, China called for the U.S. dollar to be replaced as the international reserve currency as well as for broader steps to create a "de-Americanized world."China also called for an end to the "pernicious impasse" in the U.S. over the raising the debt limit and ending the partial government shutdown, saying the world needed another reserve currency so nations could protect themselves "from the spillover of the intensifying domestic political turmoil in the United States."


China has been saying stuff like this for a long time, so in a sense this isn't a big deal. But as the mess in Washington drags on, more and more countries are going to be taking this idea more seriously. I'm generally bullish on America's future relative to other areas of the world, but that could change if dysfunctional governance forces the rest of the world to essentially gang up against us for their own safety. Thanks, Republicans!
motherjones.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext