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Discussion Forum : News and Current Events : China and Russia have decided to renounce the US dollar

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 China and Russia have decided to renounce the US dollar


St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg.
The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities. ...

read more: http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm


_________________
SI Moderator - Greg Gordon

 2010/11/26 13:54Profile









 Re: China and Russia have decided to renounce the US dollar

I would of done the same thing. All Obama did when he told the Fed. to print the 1.2 trillion dollars was devalue the dollar. The Chinese are not stupid. People tend to recognize when their money is being stolen. What's real interesting is that this is the two main countries of Ezekiel 38&39 and that currently China has a deployable 2.2 million man army. They are also trying to go extreme international.

http://ivarfjeld.wordpress.com/2010/04/06/chinas-global-military-ambitions-to-challenge-israel-for-final-war/


This is history written in advance.


Matthew 24:25

25 See, I have told you ahead of time.

 2010/11/30 12:57





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