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Old 05-02-2013, 06:31 AM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720

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The Chinese Yuan continues to grow in popularity as an international currency.
While they are still behind the US, China has moved to the 13th slot in world currency payment.
Slow and steady..China advances as they make trade deals with various countries.
The USD is still #2.


Payments Using Chinese Yuan Continue to Surge as Currency Tops Russian Rouble in Popularity | CNS News
A press release from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) shows that the value of payments using Chinese Yuan currency grew by 171 percent between January 2012 and January 2013.
..
According to the press release, the Yuan "continues to ascend the ranks as a major international payments currency."

Here is the SWIFT press release:
http://www.swift.com/assets/swift_co...er_Feb2013.pdf

For those that have never heard of SWIFT:
Society for Worldwide Interbank Financial Telecommunication - Wikipedia, the free encyclopedia
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Old 05-02-2013, 07:12 AM
 
30,058 posts, read 18,652,475 times
Reputation: 20862
Quote:
Originally Posted by HappyTexan View Post
The Chinese Yuan continues to grow in popularity as an international currency.
While they are still behind the US, China has moved to the 13th slot in world currency payment.
Slow and steady..China advances as they make trade deals with various countries.
The USD is still #2.


Payments Using Chinese Yuan Continue to Surge as Currency Tops Russian Rouble in Popularity | CNS News
A press release from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) shows that the value of payments using Chinese Yuan currency grew by 171 percent between January 2012 and January 2013.
..
According to the press release, the Yuan "continues to ascend the ranks as a major international payments currency."

Here is the SWIFT press release:
http://www.swift.com/assets/swift_co...er_Feb2013.pdf

For those that have never heard of SWIFT:
Society for Worldwide Interbank Financial Telecommunication - Wikipedia, the free encyclopedia

And the libs will only be happy when, due to fiscal irresponsibility, the US dollar is no longer the world reserve currency and all of their social programs go broke.

Infinite spending cannot go on forever. When the merry-go-round stops, the libs and their constituents will be the most adversely affected.
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Old 05-02-2013, 07:44 AM
 
Location: Raleigh, NC
20,054 posts, read 18,275,532 times
Reputation: 3826
Quote:
Originally Posted by hawkeye2009 View Post
And the libs will only be happy when, due to fiscal irresponsibility, the US dollar is no longer the world reserve currency and all of their social programs go broke.

Infinite spending cannot go on forever. When the merry-go-round stops, the libs and their constituents will be the most adversely affected.
Easy fix, just blame the rich, wall them in and force them to continue producing jobs and resources for the poor. I hear that works well.
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Old 05-02-2013, 08:21 AM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
Well seeing this is a financial/economic issue it will soon hit page 2 and be forgotten.
Only social issues have the utmost importance with the left.

Gay marriage, Plan B for children and multi-sex bathrooms are among the top priorities in America.
We truly are doomed.
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Old 05-02-2013, 09:24 AM
 
Location: Raleigh, NC
20,054 posts, read 18,275,532 times
Reputation: 3826
Quote:
Originally Posted by HappyTexan View Post
Well seeing this is a financial/economic issue it will soon hit page 2 and be forgotten.
Only social issues have the utmost importance with the left.

Gay marriage, Plan B for children and multi-sex bathrooms are among the top priorities in America.
We truly are doomed.
Hammer, nail and all that.

What's ironic is that government is always very quick to take away those social issue creature comforts (gay marriage, legalized drugs, etc.) once it has achieved true hegemony over its people, since they are deemed unsuitable for productive growth. They're merely carrots on a stick to get useful idiots supporting them.
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