rick wiles radio show
60 % reduction in treasury bond market
this is 2008 all over again
the us treasury bond
is losing fast
the world Is rejecting the dollar
china is not using the dollar
The
renminbi
is the official currency of the People's Republic of China.
The name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì) literally means "people's currency."
The
yuan (元/圆) (sign: ¥)
is the basic unit of the renminbi,
but is also used to refer to the Chinese currency generally, especially in international contexts. The distinction between the terms "renminbi" and "yuan" is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit.[citation needed] One yuan is subdivided into 10 jiǎo (角), and a jiǎo in turn is subdivided into 10 fēn (分).
this was an article from 2008
Stocks crushed
Approximately $1.2 trillion in market value is gone after the House rejects the $700 billion bank bailout plan.
| Biggest point-drop ever wipes out $1.2 trillion in market value. |
Photos
A shocking series of events that forever changed the financial markets.
The day's loss knocked out approximately $1.2 trillion in market value, the first post-$1 trillion day ever, according to a drop in the Dow Jones Wilshire 5000, the broadest measure of the stock market.
http://money.cnn.com/2008/09/29/markets/markets_newyork/
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