Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Brazil, China talks could moot ditching dollar

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Marianne Barriaux
Tuesday, May 19, 2009

Brazil’s president kicked off a day of meetings with Chinese leaders in Beijing, during which analysts said he could broach a plan to ditch the US dollar in his nation’s trade with China.

Luiz Inacio Lula da Silva was due to meet with his Chinese counterpart Hu Jintao and other leaders for talks focused on boosting business with China and promoting closer cooperation to fight the global financial crisis.

But all eyes were on whether China and Brazil would come to an agreement on ditching the US dollar in their bilateral trade and replacing it with their own currencies — the yuan and the real.


“It’s absurd if two important trading nations such as ours continue to carry out our commerce in the currency of a third nation,” Lula said in an interview published in the most recent issue of China’s Caijing magazine.

Lula first discussed the idea with Hu at the April G20 summit in London and said he would raise the issue on his visit to China, in what would be another challenge to the US dollar’s special status as the leading global currency.

Full article here

This article was posted: Tuesday, May 19, 2009 at 3:16 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.