China’s Bilateral Currency Swaps: First Step | GET OUT WHILE YOU STILL CAN!!

A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends. The supreme god of a fascist, to which his ends are directed, may be money or power; may be a race or a class; may be a military, clique or an economic group; or may be a culture, religion, or a political party. – Henry A. Wallace

China’s Bilateral Currency Swaps: First Step

03/04/2009 § Leave a comment

Before the proposal of replacing USD with IMF’s SDR as the world reserve currency, made by Zhou Xiaochuan, China’s central banker, China had already made a series of bilateral currency swaps with some neighboring countries, with maturities of up to three years. Now they’re extending the arrangement to LatAm.

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