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Dollar collapse: 7 of 10 Asian countries turn to Yuan ~ News Walls

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said.

 

The Peterson Institute for International Economics, or PIIE, said in its latest research that China has moved closer to its long-term goal for the renminbi to become a global reserve currency.

 

Since the global financial crisis, the report said, more and more nations, especially emerging economies, see the yuan as the main reference currency when setting their exchange rate.

 

http://newswalls.blogspot.com/2012/11/dollar-collapse-7-of-10-asian-countries.html

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Anonymous takes down over 9000 Israeli sites, Wipes Databases, Leaks Email Addresses and Passwords ~ News Walls

Anonymous takes down over 9000 Israeli sites, Wipes Databases, Leaks Email Addresses and Passwords ~ News Walls | NewsWalls | Scoop.it
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News Doors: Obama Death Squads Kill Top Gun Activists As New Massacre Fears Rise

News Doors: Obama Death Squads Kill Top Gun Activists As New Massacre Fears Rise | NewsWalls | Scoop.it
ewmahendra's insight:

A new Federal Security Forces report updating their 4 January “urgent action” memorandum to President Putin circulating in the Kremlin, today, states that the “death squads” unleashed upon America by President Obama have claimed their first two victims and warns that “another massacre” in the United States is “much nearer than first believed.”

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