Monday, March 30, 2009

CHINA IS WORRIED ABOUT IT'S ASSETS

China is concerned about it's assets. $2 trillion worth of foreign reserves in U S dollars. They want the International Monetary Fund (IMF) to monitor the U S just as closely as it has overseen struggling Third world Countries.

Many nations feel that the U S is no longer a major player in the worlds economy and want to replace the dollar with an alternative.

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