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To: Proud Deplorable who wrote (89536)11/1/2008 10:14:22 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (1) | Respond to of 116555
 
Message 25130859



To: Proud Deplorable who wrote (89536)11/1/2008 10:33:59 AM
From: Haim R. Branisteanu  Respond to of 116555
 
China may save the world from crisis and minimize USA’s financial supremacy

english.pravda.ru

The leaders of France and Russia put forward a suggestion to hold the meeting of the Group of 20 on November 15 in Washington to discuss the issue of the crisis and the reform of the financial system. The summit will be presumably devoted to the revision of the dollar-oriented structure of the world’s financial system. The USA may be deprived of its right to act as the financial regulator of the world.

The country with strong economy and currency that is capable of balancing the economic and financial power of the United States is supposed to make the landmark change. All other countries that have been invited for the summit will play supportive roles.

It is not the first time, when the world attempts to decrease the USA’s global financial influence.



To: Proud Deplorable who wrote (89536)11/1/2008 3:39:33 PM
From: stockfiend2 Recommendations  Read Replies (1) | Respond to of 116555
 
I call bullshit. China has $1 Trillion in dollar reserves and Russia has about as much pull as a crackhead on 8 mile.



To: Proud Deplorable who wrote (89536)11/1/2008 4:50:36 PM
From: mishedlo1 Recommendation  Read Replies (3) | Respond to of 116555
 
Tail Wags Dog Theory Blows Up
globaleconomicanalysis.blogspot.com
Mish



To: Proud Deplorable who wrote (89536)11/1/2008 5:19:12 PM
From: NOW  Read Replies (2) | Respond to of 116555
 
an act akin to war no?



To: Proud Deplorable who wrote (89536)11/1/2008 9:29:39 PM
From: posthumousone  Respond to of 116555
 
<<China And Russia Hint At Dropping US Dollar>>
so what will this do our economy, the stock market, er i mean our economy...i keep getting the 2 mixed up