Clinton chce lepszej walki z kryzysem finansowym

[usa2008]

Ekonomia jest często wskazywana przez Amerykanów jako najważniejsza z
dziedzin, którymi będzie musiał się zająć nowy prezydent USA
usa2008.blox.pl

Clinton chce lepszej walki z kryzysem finansowym

[plorg]

"Wezwała do... ...zapewnienia Rezerwie Federalnej (Fed), czyli
bankowi centralnemu USA, większych uprawnień do nadzorowania
działalności instytucji finansowych."
---------------------------------
Fed doprowadzil do kryzysu i Fed ma 'walczyc' z kryzysem. Ponadto
pani Clinton wzywa do zapewnienia dla Fed jeszcze wiekszych
uprawnien. Troche jakby zlodzieja zatrudnic na stanowisku detektywa,
ktory ma rozwiazac sprawe kradziezy i do tego domagac sie dla niego
szerokich uprawnien. USA idzie na dno w odrzutowym tempie.

The only superpower - Communist China - Quits usin

[snow21]

The only superpower - Communist China - Quits using US dollar in Trade! ..oh no!

iraqwar.mirror-world.ru/article/160386
By: Bulov on: 28.03.2008 [23:50 ] (1042 reads)



Yet another mighty jab on the Uncle Sam nose, as the wortless crap dubbed US
dolar becomes the most unwanted currency all over the Globe



Chinese exporters shun flagging dollar

By Robin Kwong in Hong Kong

Published: March 27 2008 22:02 | Last updated: March 27 2008 22:02

Rising numbers of Chinese exporters are shunning the US dollar or devising ways
to offset the impact of the falling currency as they confront rising labour and
raw material costs at home.

According to Alibaba.com, the online company that matches Chinese suppliers with
international buyers, the vast majority of their almost 700,000 Chinese
suppliers no longer use dollars to settle non-US transactions to minimise
foreign exchange risk.

“They are moving to euros, pounds, Australian dollars or even quoting prices in
renminbi,” David Wei, chief executive, told the Financial Times. Moreover, he
added, prices quoted in dollars were now often valid for just seven days
compared with the 30-60 days common previously.

The dollar has long been the currency of choice for Chinese and other exporters
around the world. However, the impact of its recent weakening has led exporters
to begin questioning its place as the de facto world currency.

The renminbi, which western governments have long alleged is undervalued, thus
giving Chinese exporters an unfair advantage, has appreciated 6.7 per cent
against the US dollar in the past six months. Economists expect it to rise 10-15
per cent against the dollar in 2008.

Quanzhou Leething Garment & Knitting, a Chinese men’s underwear factory, said it
had started encouraging clients to pay in euros instead of dollars in November.
While the Chinese currency has appreciated against its US counterpart in recent
months, it has moved little against the euro.

Other companies have taken more unusual approaches, such as setting their own
exchange rates and therefore in effect raising prices.

Xiao Zheng, chairman of Dongguan City Shima Toys in southern China, said its
price quotations were valid for three months but were calculated based on an
exchange rate of Rmb6.6 to the dollar.

With the official exchange rate at Rmb7.01 to the dollar on Thursday, this in
effect raised prices 5.8 per cent.

“We are thinking about renewing our quotations every other month and we are also
going to offer quotations in euros very soon,” said Mr Xiao.

William Fung, managing director of Li & Fung, a global supply chain company,
said international buyers would have to accept higher export prices from China,
especially for goods such as toys that are largely made only in the country.

www.ft.com/cms/s/0/aac6859e-fc35-11dc-9229-000077b07658.html?nclick_check=1