PPP KINGDOM

PPP KINGDOM

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

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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

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