The Dragon Stirs

http://www.futureofcapitalism.com/2009/09/the-dragon-stirs

The Financial Times reports in the midst of a long assessment of U.S.-Chinese relations:

One of the most popular books in China at the moment is Currency Wars 2 by Song Hongbing, which predicts that an obscure international elite of bankers and politicians will impose a global currency by 2024 and usher in an era of world government. The US Federal Reserve supports the plan, he writes, because it recognises that the dollar will be savaged by a bout of hyperinflation.

Meanwhile, a friend traveling with President Obama reports that giveaway copies of the New York Times available at the Waldorf Astoria in New York and at President Obama's hotel at the Pittsburgh G-20 meeting carried stickers explaining that they were being distributed with "compliments" of the state-owned China Daily.

by Editor  |  Sep 25, 2009 at 11:39 am Related Topics:  China, Federal Reserve, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list