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    Reuters
    September 18, 2008

    economic crisis China Paper Urges New Currency Order After Financial Tsunami
    economic crisis China Paper Urges New Currency Order After Financial Tsunami
    economic crisis China Paper Urges New Currency Order After Financial Tsunami

    Threatened by a “financial tsunami,” the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.

    The commentary in the overseas edition of the People’s Daily said the collapse of Lehman Brothers Holdings Inc (LEH.P: Quote, Profile, Research, Stock Buzz) “may augur an even larger impending global ‘financial tsunami’.”

    The People’s Daily is the official newspaper of China’s ruling Communist Party, and the overseas edition is a smaller circulation offshoot of the main paper.

    Its pronouncements do not necessarily directly reflect leadership views, but this commentary by a professor at Shanghai’s Tongji University suggested considerable official alarm at the strains buckling world financial markets.

    China’s central bank earlier this week cut its lending rate for the first time in six years, a move analysts said was aimed at bolstering the economy and the battered stock market.

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    Research related links

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    4. The Financial Tsunami: The Next Big Wave is Breaking Fannie Mae, Freddie Mac and US Mortgage Debt
    5. Financial Tsunami: The End of the World as We Knew It
    6. Bush family private equity fund in deep trouble as Financial Tsunami rolls on
    7. A New World Financial Order
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    9. US urged to bolster missile, space defenses against China: paper
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    12. Clinton Urges China to Keep Buying U.S. Debt

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    Comment Rules

    13 Responses to “China Paper Urges New Currency Order After “Financial Tsunami””

    1. The Beast Says:
      September 19th, 2008 at 11:33 am

      Here comes the new currency – and the FALL of America!

    2. Odin Gaiman Says:
      September 19th, 2008 at 11:47 am

      Lead-based money! Yeah, baby!

    3. mythicshadows Says:
      September 19th, 2008 at 12:45 pm

      Here’s something to lift your spirits a bit. Although Youtube has frozen my counter

      http://ca.youtube.com/watch?v=MtgCxAhC68Y

    4. Tony Says:
      September 19th, 2008 at 1:14 pm

      WE LOVE IT!!! WE LOVE IT SO MUCH THAT THEY RAPE US UNTIL WE SCREAM FOR MORE!!! THANK YOU WORLD GOVERNMENT!!!!

    5. Rich Says:
      September 19th, 2008 at 1:14 pm

      would this mean that our precious dollar will be as valuable as toilet paper ???????????

      http://www.youtube.com/watch?v=nWyQOh64Qy8

    6. 1of300 Says:
      September 19th, 2008 at 1:43 pm

      America is already fallen, they are just spending trillions for to make the corpse pretty. Lipstick on a dead pig, plastic surgry on a dead system.

      You cannot pay off bad debt with bad debt. There is no money, only debit/discharge. No way to pay the debt since there is no lawful money. Every good and service is already liened to pay the National debt to the Federal Reserve, so how can the Government re-pledge already liened goods and servicest to pay bankers debts?

      Smoke and mirrors, folks. Lies and death are all they have for you.

    7. rob Says:
      September 19th, 2008 at 1:48 pm

      THE CHINESE OWN MOST OF THE AMERICAN INFRASTRUCTURE ANYWAY WHY DONT WE JUST SELL THEM CONGRESS TO SLAVERY, I BET THAT WOULD RAISE ABOUT A DOLLAR OR SO TO PAY OF THE DEBT.OR WE COULD LEASE THEM OUT AS MALE AND FEMALE PROSTITUTES AFTER ALL THATS WHAT THEY ARE GOOD AT

    8. Charles Smyth Says:
      September 19th, 2008 at 1:54 pm

      Rich: You should realise that only top grade pulp goes into making toilet paper. What has good, honest toilet paper done to deserve such derogatory remarks :-)

    9. Steve Says:
      September 19th, 2008 at 2:14 pm

      watch ‘money as debt’ on youtube or video google com

      what does this actually mean, ‘a central bank cut its lending rate’

      huh? it creates MONEY out of thin air that represent assets it doesn’t have…

      assets have value, money is just something which represents things of real value..

      watch ‘money as debt’ and share it with everyone…

    10. tony xaviel Says:
      September 19th, 2008 at 7:32 pm

      If you have gold and silver hang on.

    11. ShenK Says:
      September 19th, 2008 at 10:07 pm

      @ Johhny J Rambo

      If God had intervened he would have done it ages ago. Yes, Jesus is coming soon and don’t call us freaks. I could say alot about you but I do not nor do I want to rely on insults and trash comments such as you.

      Jesus is the way, the truth and the life. Repent before it’s too late.

      God bless

    12. mythicshadows Says:
      September 20th, 2008 at 2:45 am

      KILLER VIDEO….

      http://ca.youtube.com/watch?v=Vv3yuRdD2oE

    13. rob Says:
      September 20th, 2008 at 4:18 am

      PLEASE GO TO THE SAVE THE FAKE ECONOMY WITH MORE DEBT HAHA – FKN NEWZ 121407 ON UTUBE IT GIVES EVEN MORE CONSISIE REPRTING OF THE ECONOMY AND HAS SOME REALLY IMPORTANT PREDICTIONS FOR CHRISTMAS