Thursday, March 26, 2009

Haiku 032609

Red River*...
not every one

loves blizzards

(*A river in Fargo, North Dakota)


Recently, we read the following: reports: "China Talks Tough with Call to Dump Dollar"

"Just over one week before President Barack Obama and other world leaders meet in London for a summit focusing on the global recession, China is making clear it wants a greater say in managing economic policies worldwide.

"The latest blast from Beijing: a call by China's top central banker to dump the U.S. dollar as the world's most important currency. People's Bank of China Governor Zhou Xiaochuan, in a paper released on the bank's Web site on Mar. 23, called for a new 'super-sovereign reserve currency' to replace the current reliance on the dollar….Not surprisingly, U.S. officials aren't welcoming the idea….And pretty much everyone agrees it's not going to happen….”


And we thought:

.... "Talking tough." From one paper tiger to another! Posturing is really like shooting oneself in the foot ....

No comments: