Thursday, September 18, 2008

“The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States.”

China paper urges new currency order after "financial tsunami"

Threatened by a "financial tsunami," the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday. The commentary in the overseas edition of the People's Daily said the collapse of Lehman Brothers Holdings Inc "may augur an even larger impending global 'financial tsunami'."

Posted by malct @ 05:53 PM (513 views)
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One thought on ““The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States.”

  • yes spot on. That sounds like a good plan to me.

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