China Calls For New World Order & Death Of US Dollar
By Susanne Posel
The Chinese state-funded new outlet Xinhua has called for a “de-Americanized world” to overcome the influence the US budget and possible default will have on the global economy.
Xinhua proposes a new international reserve currency (IRC) to replace US dollar as the global reserve currency (GRC).
The media agency said: “The cyclical stagnation in Washington for a viable bipartisan solution over a federal budget and an approval for raising the debt ceiling has again left many nations’ tremendous dollar assets in jeopardy and the international community highly agonized. The world is still crawling its way out of an economic disaster thanks to the voracious Wall Street elites.”
Xinhua acknowledges that toppling the US dollar cannot accomplish the goal of destroying its perceived power.
It is suggested that: “Several cornerstones should be laid to underpin a de-Americanized world.”
The destruction of the US dollar would open up developing-market economies to both the World Bank and International Monetary Fund, “the authority of the United Nations in handling global hot-spot issues has to be recognized. That means no one has the right to wage any form of military action against others without a UN mandate. . . . A self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas, instigating regional tensions amid territorial disputes, and fighting unwarranted wars under the cover of outright lies.”
The article points out: “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated, and a new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing.”
This is the 2nd time a Chinese entity has called for an IRC.
Zhow Xiaochuan, the governor of the People’s Bank of China (PBC), the nation’s central bank, suggested that the world needed a “super-sovereign reserve currency” with a goal to “create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run.”
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