Quote:
Originally Posted by Steve_A
Hi peaceandlove,
It's also interesting to note that President Lula wants to trade using the Brazilian Real and Chinese Wuan, cutting out the need to use US$.
I think the time is shortly coming where some 'developing' countries will become the new superpowers and the present superpowers will have to humble themselves to get through the rough patch. Let's see what happens.
Best regards,
Steve
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Hi Steve,
Here, we go...more ultimatums!
Brazil and China eye plan to axe dollar
By Jonathan Wheatley in São Paulo
Published: May 18 2009 18:24 | Last updated: May 18 2009 23:31
Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.
The move follows recent Chinese challenges to the status of the dollar as the world’s leading international currency.
Article link: http://www.ft.com/cms/s/996b1af8-43c...nclick_check=1
Looking for another link to this article that doesn't require a person to subscribe like Financial Times.
Here's another link: http://www.truthabouttrade.org/conte...31/54/lang,en/
SOURCE: http://solari.com/blog/