[sesame]

Originally Posted by Tracycoxx

Originally Posted by Wall Street Journal
China Takes Aim at Dollar
BEIJING -- China called for the creation of a new currency to eventually replace the dollar as the world's standard, proposing a sweeping overhaul of global finance that reflects developing nations' growing unhappiness with the U.S. rolesuck. in the world economy.

History will show that while the problem has been growing for decades, it was Obama's administration that delivered the crushing blow to America. Hang on people... this is going to suck

Did you not read this from the wall st. Journal, Tracy?

However, the technical and political hurdles to implementing China's recommendation are enormous, so even if backed by other nations, the proposal is unlikely to change the dollar's role in the short term. Central banks around the world hold more U.S. dollars and dollar securities than they do assets denominated in any other individual foreign currency.

Tracycoxx: "we're a nation of consumers rather than producers"

Prove, sister, prove! Please provide logic and facts to back up your statements. It sounds interesting though! Does the US produce nothing? Does it not add anything to the world economy, but only consume? Thats ridiculous!