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Asian Currency stabalization funds - important. [Copy link] 中文

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Post time 2008-10-7 11:13:01 |Display all floors
The Korean initiative to create an ASIAN CURRENCY STABALIZATION FUND + Asian clearing house could be undertaken within the TRADE ROUTE STATEs.

Individually, only CHINA and possible JAPAN is strong enough to protect the NEW MIDDLE KINGDOM from systematic attacks over currency values.
However as a group in the TRADE ROUTE STATEs, we are more able to stabalized our currencies.

Korea can take the lead, with each state sharing voting rights dependent on their contribution.
I doubt China needs to participate because, on it's own, China is very stable already!


The ASIAN CURRENCY STABALIZATION FUND can be the basis of INTRA TRADE ROUTE STATEs trading using our own domestic currency, thus multiplying the effectiveness of the US$, EURO reserves in our respective states. ie. Korea, Japan, Hong Kong, Taiwan, Singapore, Malaya and Thailand possess almost US$2.0 trillion forex.

Having be able to use WON, YEN, M$, S$, NT$, Bht, HK$ will reduce need for so much US$ in trade.


China could join later on when it's capital markets are ready!


cheerios!


Green DRagon
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Post time 2008-10-7 11:33:32 |Display all floors

and it will increase ASIAN TRADE ROUTE currency share in forex reserves.

.....and lay route for China to participate when it's ready to internationalized its Renmimbi!

If Japan is prevented by the UNITED STATEs to participate, ASIAN TRADE ROUTE minus Japan can also be undertaken, as the FOREX RESERVES of the remnant is at a big US$1.0 trillion too!



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Post time 2008-10-7 11:34:32 |Display all floors

Then the clearing houses can be in Seoul...

...and the sophisticated HOng Kong and Singapore banking centres.

We can include Australia and New Zealand in the framework later on!


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Post time 2008-10-7 11:35:20 |Display all floors

It's timely for Korea to take lead just as i suggested it....

....Japan and China can take part later if there is problems.


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Post time 2008-10-7 12:28:15 |Display all floors
You forgot one thing...

Japan ever proposed to set up AMF (Asian Monetary Fund) in 1997 to save SE Asian countries during the last financial crisis.

The US vetoed it and require Asian nations to work with the paid-rapists in IMF.

Any move to strengthen regional cooperation will be busted by the insecure Washington draculas.

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Post time 2008-10-7 12:30:56 |Display all floors
Originally posted by augusten at 2008-10-7 12:28
You forgot one thing...

Japan ever proposed to set up AMF (Asian Monetary Fund) in 1997 to save SE Asian countries during the last financial crisis.

The US vetoed it and require Asian nations ...



GD is so forgetFOOL

IMF/Wordl bank   are USA Blood suckers
What's on your mind now........ooooooooooooooo la la....Kind Regards

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Post time 2008-10-7 12:35:12 |Display all floors

Reply #6 caringhk's post

that's why i say "minus China first".....

then if not possible, "minus Japan"....as this is an Amerikan protectorate....


so, Korea got to make the decision that's workable with the rest of the Trade Route States!
and not wise to include weak Asean states like Indonesia, Phillipines, Vietnam at the moment, maybe as affiliates.

it will create the framework of a EURO like network, which can act as clearing house of Trade Route currencies.


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