Cidersomerset
3rd December 2013, 17:59
China plan to quit dollar infuriates US: Analyst
Tuesday 3rd December 2013 at 03:08 By David Icke
http://previous.presstv.ir/photo/20131201/337686_China-dollar.jpg
China is dropping the US dollar for other currencies.
Real reason behind US-China tensions
The decision by the Central Bank of China to no longer accumulate foreign exchange
reserves in dollar has infuriated the United States, an analyst says.
Finian Cunningham made the remark in a Sunday column for Press TV amid escalation
of tensions between US and China over Beijing's enforcement of an Air Defense
Identification Zone (ADIZ).
“The escalation of military tensions between Washington and Beijing in the East China
Sea is superficially over China’s unilateral declaration of an air defense zone. But the
real reason for Washington’s ire is the recent Chinese announcement that it is planning
to reduce its holdings of the US dollar,” he wrote.
Cunningham said China “move to offload some of its 3.5 trillion in US dollar reserves”
poses “a mortal threat to the American petrodollar and the entire American economy.”
“China - the second biggest economy in the world and a top importer of oil - has or is
seeking oil trading arrangements with its major suppliers, including Russia, Saudi
Arabia, Iran and Venezuela, which will involve the exchange of national currencies,” he
wrote, warning that the development threatens “the petrodollar and its global reserve status.”
Cunningham said Beijing’s November 20 notice about plan to “shift its risky foreign
exchange holdings” in US dollars for other currencies “is a harbinger that the American
economy’s days are numbered.”
“But, in the imperialist, megalomaniac mindset of Washington, the ‘threat’ to the US
economy and indebted way of life is perceived as a tacit act of war. That is why
Washington is reacting so furiously and desperately to China’s newly declared air
corridor. It is a pretext for the US to clench an iron fist,” concluded the analyst.
http://www.presstv.ir/detail/337686.html
http://www.davidicke.com/headlines/
-------------------------------------------------------------------------------------------------
December 3 2013 Breaking News USA sends new submarine hunting jets to Japan amid
East Asia tension
tvKcqXdj8vE
Tuesday 3rd December 2013 at 03:08 By David Icke
http://previous.presstv.ir/photo/20131201/337686_China-dollar.jpg
China is dropping the US dollar for other currencies.
Real reason behind US-China tensions
The decision by the Central Bank of China to no longer accumulate foreign exchange
reserves in dollar has infuriated the United States, an analyst says.
Finian Cunningham made the remark in a Sunday column for Press TV amid escalation
of tensions between US and China over Beijing's enforcement of an Air Defense
Identification Zone (ADIZ).
“The escalation of military tensions between Washington and Beijing in the East China
Sea is superficially over China’s unilateral declaration of an air defense zone. But the
real reason for Washington’s ire is the recent Chinese announcement that it is planning
to reduce its holdings of the US dollar,” he wrote.
Cunningham said China “move to offload some of its 3.5 trillion in US dollar reserves”
poses “a mortal threat to the American petrodollar and the entire American economy.”
“China - the second biggest economy in the world and a top importer of oil - has or is
seeking oil trading arrangements with its major suppliers, including Russia, Saudi
Arabia, Iran and Venezuela, which will involve the exchange of national currencies,” he
wrote, warning that the development threatens “the petrodollar and its global reserve status.”
Cunningham said Beijing’s November 20 notice about plan to “shift its risky foreign
exchange holdings” in US dollars for other currencies “is a harbinger that the American
economy’s days are numbered.”
“But, in the imperialist, megalomaniac mindset of Washington, the ‘threat’ to the US
economy and indebted way of life is perceived as a tacit act of war. That is why
Washington is reacting so furiously and desperately to China’s newly declared air
corridor. It is a pretext for the US to clench an iron fist,” concluded the analyst.
http://www.presstv.ir/detail/337686.html
http://www.davidicke.com/headlines/
-------------------------------------------------------------------------------------------------
December 3 2013 Breaking News USA sends new submarine hunting jets to Japan amid
East Asia tension
tvKcqXdj8vE