USD TO BE ‘DISCARDED’ BY WORLD: CHINA RATING AGENCY

In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is “gradually discarded by the world,” and the “process will be irreversible.”

http://www.cnbc.com/id/44050325

Beijing has repeatedly urged Washington to protect its dollar investments, estimated by analysts to account for about two-thirds of its $3.2 trillion in foreign exchange reserves, the world’s largest.

http://www.cnbc.com/id/44043518

China bluntly criticizes the US on Saturday, one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.

http://www.cnbc.com/id/44044859

Best Regards,

FINANCIAL WARRIOR