China is “actively considering” buying up to $50bn of International Monetary Fund bonds, the country’s State Administration of Foreign Exchange has said.
John Lipsky, IMF first deputy managing director, confirmed the Chinese proposal, which follows one by Russia to buy $10bn (€7.1bn, £6.2bn) in IMF bonds.
Friday’s statement by China said any investment would be made according to its usual criteria of “safety and reasonable returns”, but made no mention of Beijing’s wish for more power in IMF decision-making, in return for financial support.
(ARTICLE CONTINUES BELOW)
Safe, which controls almost $2,000bn of China’s foreign exchange reserves, added it was ready to help the IMF explore more ways to raise finance.
Mr Lipsky said the Chinese and Russian proposals were part of a commitment made during the London G20 summit in April to augment IMF resources by $500bn, and that the IMF “absolutely welcomes” the commitments.
The IMF expects to submit a proposal in the next few weeks that would allow it to raise money through issuing notes or bonds.
June 6th, 2009 at 5:31 am
Well if they buy into the IMF, guess where that money WON’T be going… the USA. Can we say, crashing the American Dollar.
June 6th, 2009 at 8:21 am
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:
http://alex-jones-archives.politicsfiles.info/
TODAY:
- Max Keiser:Audit The Fed Baby!
- Alan Watt:Architects Behind The Illuminati
- Luke Rudkowski:We Will Never Stop!
Backup your favorite episodes, don’t miss any!
June 6th, 2009 at 11:05 am
I can not get it?
China “BUYS” some IMF bonds?
With which currency they will do it? Dollar or Yuan?
central scrutinizer Reply:
June 7th, 2009 at 2:40 am
I’m sure they’ll buy with dollars. They gotta get rid of those things somehow.
June 6th, 2009 at 12:10 pm
ALL economic TRUTH SEEKERS you must visit this economic website immediately.
http://www.avaresearch.com/
Mike Stathis of AVA Research runs a highly respected economic intelligence website that provides uncensored economic truth. Most of the information on this site is FREE of charge and provides insightful information that NO corporate media site will speak about.
http://www.avaresearch.com/
Mike Stathis is one of a few economic figures who speaks the TRUTH. Anyone frustrated with the economic bail-outs or has lost money in the stock market needs to visit this website NOW.
http://www.avaresearch.com/
Mike Stathis has been blackballed by the mainstream media due to his highly accurate financial forecasts. He is not allowed on the air at CNBC or FOX Business. The corporate media wants Stathis censored BIG-TIME because he speaks the TRUTH.
Stathis has written volumes about what is happening today, especially the seminal book “America’s Financial Apocalypse” written in 2006. His books are readily available on Amazon.com.
Please do your financial future a favor and check out:
http://www.avaresearch.com/
June 6th, 2009 at 5:27 pm
Just the interest on the U.S. government’s burgeoning $9 trillion debt will soon be more than the taxpayers can afford to pay. When that happens, the economy will collapse unless the monetary system is radically overhauled.
http://www.WebofDebt.com
Presents a workable alternative to the financial abyss towards which we are heading. This alternative was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation’s, you should read “Web of Debt,” by Ellen Brown JD.
Also see very intresting articles by Ellen Brown.
http://www.WebofDebt.com
See Monetary Reform Act
http://www.themoneymasters.com/mra.htm
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln
June 7th, 2009 at 7:07 am
what a bunch of idiots! come and get what you bought and youll find out it aint what you paid for
June 7th, 2009 at 10:07 am
isn’t the United States putting 50bn in also, China 50bn, Russia 10bn, several other Countrys to create the “Global Treasury Department” to change the currency into one type, instead of the American Dollar being the standard… to finanace the NWO????