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06-16-2009, 06:47 PM
Tuesday, Jun. 16, 2009
---Quote---
*Russia, China, others urge diverse monetary system
By VLADIMIR ISACHENKOV *
YEKATERINBURG, Russia Brazil, Russia, India and China on Tuesday *called for a more diversified international monetary system*, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world's dominant currency, the U.S. dollar.
The statement issued by the leaders from the so-called BRIC nations contained *no reference to developing new reserve currencies to complement the dollar, which Russia had called for at a separate event earlier in the day. Instead, the cautious wording appeared to reflect China's concerns that any anti-dollar statements could erode the value of its currency reserves.*
---End Quote---
Seems the media is "playing" this down, as for months now Russia, China and others have been calling for a "replacement" of the U.S. greenback as the world's standard of currency. Our OWN U.S. Treasury Sec., TurboTax Timmy Geithner, was EVEN quoted as saying he "would" consider another currency as an international or global currency!! Understandably China may be reluctant since they would be the biggest losers, 2nd to the U.S.A., as so much of their reserves are invested in U.S. debt and dollars.
Another interesting note from this meeting:
---Quote---
The group repeated long-standing calls that emerging economies like Brazil, Russia, India and China be given greater representation at major institutions like the International Monetary Fund or the World Bank.
The document called for broader cooperation in the energy sphere, diversifying energy resources and energy transit routes.
*It also underlined support for a "more democratic and _just multipolar world order based on the rule of international law_, equality, mutual respect, cooperation, coordinated action and _collective decision making of all states_."*
The wording reflected a longtime call by China and Russia, shared by other developing nations, for a bigger say in global affairs to counter what they see as the U.S. domination in global affairs.
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http://www.tri-cityherald.com/917/story/615351.html
This is the object or goal of the trans-nationalists!! Some who are decision makers in Obama's cabinent and administration. This leads to a subordinate position of the U.S. Constitution to International law AND the COMPLETE demise of ANY representation for "We The People" by our U.S. govt.!!
More... (http://www.dieseltruckresource.com/dev/showthread.php?t=245391&goto=newpost)
---Quote---
*Russia, China, others urge diverse monetary system
By VLADIMIR ISACHENKOV *
YEKATERINBURG, Russia Brazil, Russia, India and China on Tuesday *called for a more diversified international monetary system*, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world's dominant currency, the U.S. dollar.
The statement issued by the leaders from the so-called BRIC nations contained *no reference to developing new reserve currencies to complement the dollar, which Russia had called for at a separate event earlier in the day. Instead, the cautious wording appeared to reflect China's concerns that any anti-dollar statements could erode the value of its currency reserves.*
---End Quote---
Seems the media is "playing" this down, as for months now Russia, China and others have been calling for a "replacement" of the U.S. greenback as the world's standard of currency. Our OWN U.S. Treasury Sec., TurboTax Timmy Geithner, was EVEN quoted as saying he "would" consider another currency as an international or global currency!! Understandably China may be reluctant since they would be the biggest losers, 2nd to the U.S.A., as so much of their reserves are invested in U.S. debt and dollars.
Another interesting note from this meeting:
---Quote---
The group repeated long-standing calls that emerging economies like Brazil, Russia, India and China be given greater representation at major institutions like the International Monetary Fund or the World Bank.
The document called for broader cooperation in the energy sphere, diversifying energy resources and energy transit routes.
*It also underlined support for a "more democratic and _just multipolar world order based on the rule of international law_, equality, mutual respect, cooperation, coordinated action and _collective decision making of all states_."*
The wording reflected a longtime call by China and Russia, shared by other developing nations, for a bigger say in global affairs to counter what they see as the U.S. domination in global affairs.
---End Quote---
http://www.tri-cityherald.com/917/story/615351.html
This is the object or goal of the trans-nationalists!! Some who are decision makers in Obama's cabinent and administration. This leads to a subordinate position of the U.S. Constitution to International law AND the COMPLETE demise of ANY representation for "We The People" by our U.S. govt.!!
More... (http://www.dieseltruckresource.com/dev/showthread.php?t=245391&goto=newpost)