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China: U.S. Plundered World Wealth
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Reuters
October 27, 2008
The United States has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a leading Chinese state newspaper said on Friday.
- A d v e r t i s e m e n t
The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.
The People’s Daily is the official newspaper of China’s ruling Communist Party. The Chinese-language overseas edition is a small circulation offshoot of the main paper.
Its pronouncements do not necessarily directly voice leadership views. But the commentary, as well as recent comments, amount to a growing chorus of Chinese disdain for Washington’s economic policies and global financial dominance in the wake of the credit crisis.
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October 27th, 2008 at 10:18 am
China is going to be peed off because she will probably fail to have her utopian communistic nation of wealth like she thought that she would have!! But that dragon nation will inflict its wrath upon the whole world in the very near future!! As she and her cousin Russia will probably attack us in 2010 or close to it!! And even though God will defeat her and Russia; the antichrist will take the credit for it!! As I, Moses will shoot fireballs down from heaven upon them!!
October 27th, 2008 at 11:18 am
Thanks China for buying up all of our ‘toxic debt’!
October 27th, 2008 at 11:18 am
Remember when certain Asian currencies melted down in the 1990s, and the U.S. (along with the IMF, which is a US-owned operation) stepped in to help put those countries back on their feet?
Americans may have short memories, but Asians remember: all the self-righteous lecturing from the U.S. about how the Asians needed to renounce debt, hike interest rates, and stop trying to protect domestic industries, in favor of letting Americans come in and buy up the financial systems of the country.
Now, the shoe is on the other foot, America is in an “emerging nation-type economic crisis” (as one commentator let slip on Fox Business Channel of all places) and what is America doing? Emulating Argentina: inflate with abandon, get even more fiscally irresponsible, and DON’T accept foreigners buying up our financial system.
The Asians are about to say: NOT WITH OUR MONEY, YOU DON’T. They recognize blatant hypocrisy when they see it, even if Americans don’t.
October 27th, 2008 at 11:26 am
I’d like to say for the record, that the nuclear war that many religious wackjobs anticipate will not turn out like they think. The messiah will not ride down out of the clouds to battle the devil. There will just be a “surprise” nuclear attack on the USA, probably by Russia after some other nuclear conflict involving another group or nation. That will be followed by an American counter-attack on Russia. Which will lead to an age of uncertianty that will last for centuries. Many nuclear and bio wars probably lay in mankind’s future. The world’s God delusions will die a hard death.Hate to be so pessimistic. That’s just the way I see it.
October 27th, 2008 at 12:40 pm
countries should have stopped trading with the dollar in 1913.
October 27th, 2008 at 12:52 pm
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!GODS JUDGMENT IS ON AMERICA and on the rest of the world for opperating OUTSIDE his word ,,, his will and HIS WAY… IF YOU HAVE NOT YET REPENTED do it NOW because HARD TESTING is just MOMENTS away…. THE WAGES OF SIN IS ———DEATH!!! Good Luck and ———–GOD—————-BLESS——————-ALEX!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! P.S. if you want to know what is going to “HAPPEN” to the U.S.A. ,,, simply go to and READ Revelation 18 in the Holy Bible… PEACE OUT DOG…………….
October 27th, 2008 at 12:55 pm
And the U.S. politicians now have all this money in several off shore banking institutions.
When the Bush administration is done stealing all the wealth of all these other nations they will then move to steal the wealth of Russia and China………I think they will have their work cut out for them.
Son of the Republic Reply:
March 14th, 2009 at 1:10 am
How can the U.S. steal from China when they own us ? The U.S. will be their puppet from now on ! China is the new world superpower. The once mighty U.S. is no more.
October 27th, 2008 at 2:16 pm
…It is getting close to the time for China to send its 200 million man army across the Euphrates river to fight against Israel. Right on time, just like the Bible said.
October 27th, 2008 at 2:22 pm
i beleive china is the model for the new world order.. i think thyey are in on it to some degree.. or at lest know what going on.. russia know they along witht eh middle east are gonna be the scape goats.. i think the idea is to crush the usa and russia and hand over civilian rule to china..
October 27th, 2008 at 3:59 pm
The Anti-Beast Chip Man Says: GET THE FUCK OFF THIS SITE YOU RELIGOUS FRUITBOWL LOSER. WE PEOPLE WHO LIVE IN THE REAL WORLD REFUSE TO INDULGE YOUR FANTASIES. GET OFF YOUR EMOTIONAL CANE THAT YOU CARRY OR GET LOST. GO BEAT YOUR LOSER BIBLE TO SOME LOCAL FOOL ASSHOLE.
October 27th, 2008 at 7:30 pm
Criminally Insane#7 !! When the US and the globalist devils try to rob Russia and China; then we will surely have world war 3 !! And a very bloody war it will be!! But then too; those globalist devils want to decrease the population of the world by at least 4 billion people!! For they can handle 2 billion people having their zombie making beast chip!!
October 27th, 2008 at 9:09 pm
First of all, China does not want us to fail. We owe them a ton of money… They probably want it back. Not only that, but what they say is true! We have exploited our wealth and worth for far too long. We are just arrogant bastards over here! Has anyone thought of what the world is going to say when our war debt comes due? What are we going to do then? Wait, what’s that? You didn’t realize that we are fighting a war that we aren’t even claiming financial responsibility for? Nope, false pretense, and empty hands… CREDIT PLEASE! And people wonder why our economy is crumbling beneath us… Monkey see, monkey do…
October 27th, 2008 at 10:13 pm
Yah, China wants us to pay what we owe but I read in a story that China was going to default on a loan they owe the United States. If China didn’t pay slave wages and the manufacturers in the United States weren’t so greedy and wanting to line their pockets so thick, maybe we wouldn’t be in a lot of this trouble we are having now. Pay the workers very little and charge everyone who buys the merchandise an arm and a leg for the stuff. That’s free trade for ya.
October 28th, 2008 at 5:42 am
Two partners playin’ the same fiddle. Yeah’m seein’ that China’s commisars bought up most of the world’s gold reserves…trillions of dollars…and a major lienholder of fraudulent american debt. Meanwhile the multi-national Bilderbergs plunder for POWER. Mind-control over their cowardly, ignorant american SLAVES on cialis and prozac. Wonder who’s getting the better deal. Or who’ll get the bigger beat’n…mabey the herd does need to be culled.
October 28th, 2008 at 6:04 am
Yes I live in China and some of you are badly misinformed, or brainwashed for a better word. Things here in China are so cheap compared to USA that wages can be much lower than a comparable American salary and still buy so much more. Think about it….Why is it that USA is borrowing from Chinese? It is because Chinese people can save money on their “slave wages” and Americans, who have the highest nominal wages, cannot. So ask yourself, it is the Chinese getting slave wages or the Americans. I lived in USA long enough to know that you can make triple the wage of a Chinese person and still end up broke in credit card debt. The taxes in USA are ferocious. There is no social security system here in China that promises you a nice retirement if you give the govt. a huge portion of your salary. Really, I would rather save my own money than trust the govt. to save it for me and then dole it out when I hit old age. The media has brainwashed you so much about China. The truth is that the Chinese citizen is more free than the American, with the exception of gun ownership, and the average Chinese makes just as much if not more than the average working American.
October 28th, 2008 at 10:09 am
Thanks, IliveinChina. You’ve confirmed for me how bad life sucks in the USA.
October 28th, 2008 at 10:57 am
REMEMBER BUSH JUSTIFYING ROBBING THE BURMESE GOV. WHAT HAPPENED WITH THAT. I GUESS THAT STORY JUST DISAPPEARED TOO.
March 23rd, 2009 at 12:52 am
And even though God will defeat her
Yea, right, like America is some paragon of virtue & righteousness. I look up & all I see is the bottom of Gods foot, lining up to stomp America. We have used the legal system to validate the things God hates & the medical system to kill the innocent. We even murdered a woman in Florida, claiming she was in a persistant vegitative state. Yea, Gos will surely just jump up & swing away for us..
Yea, Ilive inChina, Ive wondered about all the BS we get told to us.