[myknowledge]

It's a merry-go-round and somebody is not having much fun.

Who is not having much fun?

[bruinbirdman]

Just one problem. The renminbi is not even convertible.

It's so powerful it doesn't float on the wolrd market. It is so worthless it needs $2 trillion of hard currency in the bank (mostly in the form of foreign bonds and a little gold) to back up the entire Communist Chinese economy.

yitbos

[Earthdweller]

I'd say pretty much everyone will diss the ride when it's over...but yea..we took the credit to buy the crappy stuff and now we are going broke. Guess misery loves company. Why not draw some other countries in?/s

It's getting late and my sarcasm stinks. The entire point of the monetary fund is to set up a wealth distribution center but every Country will need to be brought to it's knees before the "bank" can swoop in and "fix" things for the needy. They will be working in concert with leftist world "regulators" of course.

Where have we seen that played out before?