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China Set to Buy $50 Billion in IMF Notes
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MEENA THIRUVENGADAM
The Wall Street Journal
September 3, 2009
- A d v e r t i s e m e n t
The IMF on Wednesday said China has signed an agreement to purchase approximately $50 billion in notes from the fund. The notes are denominated in Special Drawing Rights, a quasi-currency issued by the fund and promoted by China as a potential replacement for the dollar.
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September 3rd, 2009 at 1:02 pm
LOL
Zzzzzzzzz Reply:
September 3rd, 2009 at 6:21 pm
BORING………………..
Spank Reply:
September 3rd, 2009 at 8:20 pm
You wouldn’t find it so boring if you knew it was just the beginning of the end of your lifestyle.
CHINA IS THE SUPERPOWER Reply:
September 3rd, 2009 at 11:32 pm
Well, now that China (AKA MODERN MODEL FOR FUTURISTIC SLAVE STATE)
is the defacto superpower of the world (what percentage of your products weren’t made there?)
it is a important step for our new world power to commit to the NEW WORLD CURRENCY – which they just did
the dollar will be disassembled in an orderly fashion, how the satanic elite plan, along with the Euro, Yen, Pound, Ruble, Yuan, etc…. as you see happening now with massive bailouts=inflation that will soon hit hard=collapse of world currencies= MORE OVERSIGHT and replacement with a more “stable currency” aka SDR special drawing rights aka cashless monetary system that enables none of your purchases to even be anonymous again, how convenient for DATAMING (don’t know word? look it up, important)
Nomenclature Reply:
September 4th, 2009 at 12:43 pm
Ignorance truly is bliss.
It's Always Something Reply:
September 4th, 2009 at 8:51 am
How stupid is it to go on every page and post “boring………” If you have different views, then show some intelligence by not visiting websites that don’t interest you. I always heard that he who is bored is the boring one. GO AWAY!
David Spade Reply:
September 4th, 2009 at 12:51 pm
Who cares called….They want your post back!
cheri Reply:
September 4th, 2009 at 8:54 am
THAT IS NOT ALL CHINA IS SET TO DO…CHECK THE STORY AND LINKS OUT AT whatdoesitmean.com. wow…………… cheri
eCOPPER GROUND Reply:
September 4th, 2009 at 12:06 pm
Then another sign appeared in heaven: an enormous red dragon with seven heads and ten horns and seven crowns on his heads.
September 3rd, 2009 at 1:04 pm
One world currency, here we come…
EU-Lex Reply:
September 3rd, 2009 at 1:12 pm
Why don’t they just name it the Phoenix. Google 1988 Economist Get Ready For…The Phoenix (by 2018)
josh Reply:
September 3rd, 2009 at 1:36 pm
IMF SDR’s Can suck a fat one.
China thinks they are so smart dumping the dollar, then they run and trade it for another Monopoly Dollar from the same printer, the same people running IMF and Worldbank that run Federal Reserve and US corporations.
Awwwww, I’m sorry little china, I didn’t mean to give you the fake money, here, take this piece of fake money instead.
MORONS… keep your own money, keep buying oil, make friends with Russia and OPEC nations, then collectively lower the value of the Dollar and Euro.
Ding Ding Reply:
September 3rd, 2009 at 3:20 pm
I’ll go out on a limb here and suggest China is more privy to the current state of geopolitics than you.
josh Reply:
September 3rd, 2009 at 4:00 pm
I’ll go out on a limb with you and we can have a gay old time discussing how great the bailouts of the insurance comapanies and hedgefunds were for the american people, smartass.
China isnt supporting IMF/Worldbank because it is best for China’s people.
They are doing it because it is best for the Chinese elite who run the factories that depend on exports to keep them fat and happy as they inflate their currency with artificially low interest rates and devalue the money that their slave workers save up over time.
Fat chance saving for your future when your government devalues your hard earned money….
Jackass
Big Daddy D Reply:
September 3rd, 2009 at 3:22 pm
Gotta love it.
Nomenclature Reply:
September 4th, 2009 at 12:46 pm
Buy silver and gold.
Nomenclature Reply:
September 4th, 2009 at 12:46 pm
Hard metals are real currency.
Sucker4lush Reply:
September 3rd, 2009 at 9:04 pm
We already have a “one-world currency.” 85% of world trade is conducted in USD…
And you see this one $50B transaction as an end to that? I can only imagine the significance you give to the $200B AIG got.
September 3rd, 2009 at 1:07 pm
I hope I am wrong but I look for the dollar to die by the end of this year. This is another step towards its demise. I fear that very soon the fecal material will impact with great velocity upon the rotary oscillating air-circulation apparatus.
josh Reply:
September 3rd, 2009 at 4:08 pm
dollar crash would be a good thing for the whole world, but the elite won’t let it happen, at least not until they are ready…
there will be a twist, watch the WEF (world economic forum) in davos (how cute, they have a twitter page)
Winston Churchill Reply:
September 3rd, 2009 at 9:30 pm
How beautifully put!
Winston Churchill Reply:
September 3rd, 2009 at 9:31 pm
How beautifully put! You must be British?!
WTF? Reply:
September 4th, 2009 at 8:46 am
No, actually I’m a redneck from SC struggling to deal with my sadly cynical, yet clear view of what is coming and thus I usually endeavor to put a slightly humorous twist on my ruminations to anesthetise the depression these realizations inevitably create. My family genealogy is from England though, but you have to go back 400 years to get there. By the way, thanks for the compliment.
September 3rd, 2009 at 1:09 pm
Especially since our leaders in DC all seem to be penile-encephalids suffering from raging cases of cranial-rectumitis and aggravated cerebral-fecosis.
Winston Churchill Reply:
September 3rd, 2009 at 9:33 pm
Yes, definately British!
WTF? Reply:
September 4th, 2009 at 8:49 am
Sohrry, Guvnah. Naught from the Isles, Oi’m afraihd.
Chris Rocks Reply:
September 4th, 2009 at 12:54 pm
Damn! Big words!
Ever thought of making a rap album??
September 3rd, 2009 at 1:12 pm
This is the evidence you need to know the dollar is dead!!!
September 3rd, 2009 at 1:12 pm
This is the first step to the decline of the dollar. get your food water and ammunition it is only a matter of time.
WTF? Reply:
September 3rd, 2009 at 1:20 pm
Hey, a good site to get essentials for home food storage and production is “beprepared.com”. No, I am not connected with them – I just think they have good stuff. Whatever. See for yourself… Or not. Doesn’t matter to me. They don’t sell ammo, though.
September 3rd, 2009 at 1:12 pm
Take a stroll around the capitol and you’ll hear most of them whistling “If I Only Had A Brain”, from the Wizard of Oz. Toto, we definitely are not on Kansas anymore…
September 3rd, 2009 at 1:15 pm
*that’s IN Kansas* …
Winston Churchill Reply:
September 3rd, 2009 at 9:34 pm
Sorry, you must be American!
dairo Reply:
September 4th, 2009 at 5:40 am
Winston, if you are not able to identify WTF’s nationality, ask him for a picture of his teeth; if they are yellowed, crooked and buck, you got yourself a true brit! Hope this helps.
WTF? Reply:
September 4th, 2009 at 8:53 am
That’s not very nice… they are not all Austin Powers ya know… lol
Yakov Smirnoff Reply:
September 4th, 2009 at 12:58 pm
In Soviet Union we have to wait in line 3 hours
just to get some toilet paper.In USA the streets are paved
with toilet paper…what a country!
WTF? Reply:
September 4th, 2009 at 8:51 am
That’s not a bad thing, you know. We’re not all sheeple – just enough of us to elect an idiot marxist puppet like Obama.
Obamageddon is on its way…
September 3rd, 2009 at 1:17 pm
This has been speculated for at least a year. $50 billion is a rather small drop but the dollar will be in trouble in the intermediate.
roaddog6 Reply:
September 3rd, 2009 at 2:30 pm
curt—-thats what I was gonna say. $50 billion ain’t s---. Chump change.
Ding Ding Reply:
September 3rd, 2009 at 3:22 pm
It’s a signal.
They aren’t gonna buy $500 billion worth straight off the bat are they. Not if they have any sense.
September 3rd, 2009 at 1:20 pm
Don’t worry, the IMF loves you.
September 3rd, 2009 at 1:26 pm
They’re looking for ways to dump the two trillion dollars on hand before they become monopoly money.
The Chinks are all over the globe putting billion dollar deals together with the Africans for minerals,the Iranian’s for gas,etc.
September 3rd, 2009 at 1:27 pm
I am curious, what currency are the Chinese using to purchase these SDRs? A world currency is still many years off if that is the goal, and I am talking 20-30 years or more. So, while this may be a step in that direction, it is an extremely small one. I think that this is more of a matter of China getting rid of the dollars she holds. This is easily seen by China’s purchase of gold the past few days; gold actually climbed while the markets receded. That rarely happens. I would be far more worried that the dollar is going to tank than I would that a world currency is soon coming. Now, a new world reserve currency is definitely only a couple of years away, but that is not the same thing.
September 3rd, 2009 at 1:30 pm
AMERICA DESERVES everything thats coming
YOU KILL YOUR BABIES and you sit in silence
YOU SAY boys can suck boys and you sit in silence
YOU have bi sexual agenda in schools
and you sit in silence
goodnewsaboutgod.com
henrymakow.com
YOU DESERVE EVERYTHING THATS COMING
LuckyOne Reply:
September 3rd, 2009 at 5:19 pm
Sir, I have met Ron Paul, and you’re not him.
margie Reply:
September 3rd, 2009 at 6:30 pm
it is called freedom of Choice , if u don’t like it stay the – out of America.
margie Reply:
September 3rd, 2009 at 6:32 pm
damn i am off the subject again sorry.
September 3rd, 2009 at 1:32 pm
Why nothing here about the REALLY BIG news that China has issued instructions to their companies that they can default on derivatives arranged with western banks? Look it up on Reuters!
September 3rd, 2009 at 1:51 pm
The PRC finance people are very smart —-
But this is a desperate move – because they now know all that phony Fed and Treasury paper and CDOs and CDSs they Hold …. are worthless.
September 3rd, 2009 at 2:15 pm
Gold is up at 995.00 usd per oz and silver is up 16.50 usd
something is getting ready to happen.
September 3rd, 2009 at 2:16 pm
Organized wicked wormwood bankers are killers rapist robers. They labor endlesly for our distruction. Note: When you loose your job the stock market goes up, when you lose your house the stock market goes up, when you lose your family the stock market goes up. When your eleven year old child is kidnapped raped imprisioned for inless years the stock market goes up.
Wicked is our nation and their usless minions not doing there jobs. These s--- heads need to go to jail.
September 3rd, 2009 at 3:23 pm
The dollar can only go one way, and that is through the floor. Unless absolutely everything the US government has done, and is doing, with the Fed, is completely reversed. Not likely. As Peter Schiff says, brace for impact.
September 3rd, 2009 at 4:01 pm
############### SPREAD THIS INFORMATION ###############
Wall Street criminals exposed By Marcy K.:
kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1
youtube.com/watch?v=tMCZ8JeEpUw
or
fednet.net/asx/2008/kaptur092208.asx
Tim Geithner refusus to answser Brad Shermans question:
youtube.com/watch?v=WccPO-lkK8I
Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone..:
youtube.com/watch?v=PXlxBeAvsB8
HQ version: youtube.com/watch?v=cJqM2tFOxLQ
**********END THE CRIMINAL RESERVE – ACTION STEPS**********
Bills to be supported: S 604 and HR 1207. Information:
ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
or
http://www.campaignforliberty......d-home.php
1. Sign the HR 1207 Petition:
www(dot)campaignforliberty.com/campaigns/hr1207petition.php
2. Sign the S 604 Petition:
www(dot)campaignforliberty.com/campaigns/s604petition.php
3. Already signed the petitions? Contact your Representatives:
www(dot)campaignforliberty.com/campaigns/hr1207action.php
Another one you might sign instead of the above 1st and 2nd step:
auditthefed.com
############### SPREAD THIS INFORMATION ###############
September 3rd, 2009 at 4:02 pm
They probably asked if they could unload their useless US dollars there, without causing a panic.
September 3rd, 2009 at 4:52 pm
woahhh!!!! someone is in a panic. I need a credible answer for my next question….Why are gun sales going through the roof and bullets are low???? anyone???
jojodancer Reply:
September 4th, 2009 at 1:02 pm
Because it is hard to find ammo now that is inexpensive. Ammo has gone up in price and it is still flying off the shelves. Every one is sold out
September 3rd, 2009 at 4:58 pm
josh has it about right concerning the Chinese…the top 20 percent in their country are doing okay like the top 20 in our country……..the top 20 % in their country is 300 million….which is the population of the US
September 3rd, 2009 at 6:11 pm
say good bye to the dollar
September 3rd, 2009 at 6:12 pm
I have 6 dollars that I am worried about keeping. I went to the foreign exchange to change them, they did not accept them, and said that the minimum they accept is $25. I am worried sick.
September 3rd, 2009 at 6:27 pm
That and their enormous world-wide oil lease and commodities buying,amount to—-Can you spell hyper-inflation? Too Late! It’s gone! And there you have it – it’s official- it is the beginning of the end. For all those who have doubted or were maybe sitting on the fence, you’ve just been kicked -off the friggin’ fence! The alleged conspiracy theorists were right all along, our friendly international gangsters have sold the US down the toilet and lied through their teeth at every photo op! Reach back and pull the buckle tight, it’s gonna be one helluva ride! Somehow ,”I told you so!” doesn’t make me feel better.
September 3rd, 2009 at 10:02 pm
Guess Chinese language will have to become mandatory in high schools.
September 4th, 2009 at 12:00 am
the extravagance of the obama administration and our watseful useless govt is depriving its people of what it needs; our own money
September 4th, 2009 at 12:48 am
Has anyone ever stopped and wandered just how much money China has? They seem to buy a lot of debt!
Fellowcountryman Reply:
September 4th, 2009 at 12:21 pm
hey when the same “people” behind the F’ED are aligned with “the dragon” you get fiat MonosodiUm Jutimate and alot of ink dripping off the printing presses but no lies bout the figures I’m sure, that they’ll just keep repeating until…well you get the rest of the story
September 4th, 2009 at 12:54 am
This would not be happening unless the American Government condones it, just another Joke on you by the joker whose real name is “Bill Clinton; Obama being his store front hoodlum; (“a thug or gangster”), or flunky; (“an assistant who does menial work”).
With Obama and his crooked politicians attempting to strong arm the American public, along with illegal Hispanics from all the nations south of the border coming in to fleece; (to deprive of money or belongings by fraud, hoax, or the like, or to swindle Americans, leaving less than a little gleanings for its citizens.
The sell out started long ago when the Clinton’s where still no-body’s, and has accelerated over the last few years at an alarming rate. And now this . . . this is nothing more than Clinton politics in effect, and with Hillary in office doing nothing as Secretary of State, Her role in politics is supporting Bill Clinton, not Barrack whos sane Obama. We can only assume we will be a nation for the next twelve years or less.
My hat goes off, along with my shirt, and my shoes for barrack whos sane Obama I mean Clinton. A real question for the American People would be; when do the gloves come off . . .
September 4th, 2009 at 1:53 am
Pay the federal reserve off with a big, fat treasury warrant, audit them and then abolish the fed.
OPERATION: TREASURY WARRANT – There are many definitions for the word ‘warrant’; I’m using four of them in this Operation.
http://www.poorwiseman.net/Ope.....ntops.html
Fellowcountryman Reply:
September 4th, 2009 at 12:34 pm
and everyone whos associated or wittingly perputrated this FRAUD and continues to believe this lie-times two-double the payback- a REAL VALUE to the currency, the more bailouts the more double the payback-YeaWHO keep it up-keep fillin the cup, what ninety seven years now? or lets go back a couple grand and add a grand
September 4th, 2009 at 6:55 am
what a stupid move on china’s side
china knows they should be in gold, silver, and other commodities that actually have value, not in just another globalist paper currency
eCOPPER GROUND Reply:
September 4th, 2009 at 12:37 pm
Neither their silver nor their gold will be able to save them on the day of the LORD’s wrath. In the fire of his jealousy the whole world will be consumed
September 4th, 2009 at 7:51 am
I am told (maybe wrongly?) that the value of the derivatives and futures market that the Chinese have just burst the bubble of (see article above) is $5000 Trillion or 100x the whole world’s GDP? This makes everything else chickenfeed in comparison?
That just leaves us wondering what fraction of that is with the PRC and will be defaulted on and will it lead to others doing the same and thereby bringing the whole lot down?
Scary stuff indeed.
September 4th, 2009 at 9:07 am
Alot of you are very confused as to why china would do this, the really really simplified version is china owns a fawking ton of usd, this recession caused the dollar to suck the bag. So as you can see an investor perspective would be why would you want to continue buying a currency that is sucking and will continue to suck for some time just because its considered the unofficial international currency. So china buys a currency that one country/union doesn’t directly affect it(more security).
September 4th, 2009 at 10:52 am
What do you buy money with?
September 4th, 2009 at 12:10 pm
you buy money with GOLD…..and it is time to act….China has dumped the dollar.
September 4th, 2009 at 12:35 pm
Draft Borrowing Agreement Between Norges Bank and the International Monetary Fund
http://www.regjeringen.no/page.....DDPDFS.pdf
September 9th, 2009 at 2:20 pm
I entirely agree with the statements regarding gold and those who are usually on the wrong side of the metal, as articulated by Peter. However, I think the timing was unfortunate. The comments may enhance the coming pullback in gold. Hopefully, there will be another event to help push gold back above $1000.
Frank