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Exposing the lies and seeking truth doesn't = Hate. This is not a Kate Hate Site. A 'Kate Hate Site" wouldn't have "Shame on Kate AND Shame on Jon" in the reaction box.

Just a place where bloggers and commenters can share an open discussion on all things related to the Gosselins.

This blog was created to expose the spins and lies shared by the media and by several individuals who continue to spread filth and garbage for their own self-interests.

This blog will expose those who continue to spread lies as "truth" and those who base their beliefs and support for one individual based on those lies.
Pursuing Truth, Exposing Lies and Informing the Sheeple

December 28, 2011

Sudan plans to drop the dollar....

Barack Obama: Time to bomb Sudan because it's leader is an evil dictator and is in violation of basic human rights. They kill babies, have rape rooms, support alCIAda and was involved in 9/11. That's right. We have new evidence that Sudan was the one responsible for aiding Saddam on September 9/11.

Sudan asks to deal with China in yuan and pounds: central bank

Sudan is in talks with China to see if the two countries can do business in Sudanese pounds and Chinese yuan, rather than U.S. dollars, Sudan’s central bank governor said on Wednesday.

The Sudanese pound has weakened sharply against the dollar on the black market since South Sudan seceded in July, taking about three-quarters of the country’s roughly 500,000 barrels per day of oil output -- a major source of foreign currency.

China has been a major investor in both African countries in areas including construction and oil.

“We have submitted an official request to China to deal with them in Sudanese pounds and Chinese yuan, and it is possible that after a short while we could exit finally from the dollar,” Central Bank Governor Mohamed Kheir al-Zubeir told reporters.

“The dollar has become weak and is deteriorating.”

He said Sudan’s central bank was discussing the issue with China’s central bank, but did not give a timeline or other details about the proposed arrangement.

“We believe that very soon China will become the number one economic power in the world,” Zubeir said.

The loss of oil revenues has helped to drive up the cost of food and other imports, fuelling inflation and biting an economy already hit hard by decades of war, mismanagement and U.S. trade sanctions.

Sudanese officials say they plan to implement an austerity program and make up for lost oil revenues with agriculture, gold, and other sources of income.

South Sudan broke away in July after voting for independence under a 2005 peace deal that ended decades of civil war between north and south.

Sudan was China’s sixth biggest source of imported crude oil last year -- before the split -- when it supplied 12.6 million tons, compared with 44.6 million tons from the top supplier, Saudi Arabia.

Khartoum’s proposal to China does not include at all South Sudan which is fully independent, has its own currency, and has scant policy coordination with its northern neighbor.

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Teresa said... [Reply]

I can hear the flushing of the toilets in the world, down,down,down goes the American greenback. With Harper kissing US Govt ass for so long, l just hope the Cnd$ doesn't flush with it

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