China Wants the U.S. Dollar to Drop Dead

Seeking Alpha/October 28, 2008

China pounds the conference table hard for a new currency order. After a first commentary a month earlier, China now shoots straight against Federal Reserve Notes (FRNs), accusing the USA of plundering the world’s wealth with its own fiat currency. The attack does not stop there. Other, unspecified, currencies urgently need to replace FRNs as the world’s reserve currency.

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