Monday, June 08, 2009

The Real World Intrudes into the Young Pharaoh's Dream of Obama Land...

Guo Shuqing, the chairman of state-controlled China Construction Bank (CCB), also said he is exploring (AKA make it so) the possibility(you want those weakshit yankee dollars or our strong balls up YUAN) of issuing loans to trading companies in yuan, allowing Chinese and foreign companies to settle their bills in yuan rather than in dollars.

The head of China's second-largest bank has said the United States government should start issuing bonds in yuan, rather than dollars, in the latest indication of the increasing importance of the Chinese currency.

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