China Calls for a "De-Americanized World"

Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to respond to China's newly released blast on U.S. foreign policy.

The statement was released in Chinese state-run media yesterday. It calls for a "de-Americanized world," and that's not all.

Some other scathing declarations call the U.S. "a hypocritical nation" and speak of "…the introduction of a new international reserve currency that is to be created to replace the dominant U.S. dollar, so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the United States."

Watch this must-see video as global finance expert Fitz-Gerald responds beautifully to our frenemy China's biting remarks:


When you are done viewing, make sure to check out this latest Chinese investment trend that is instigating social strife abroad…

Join the conversation. Click here to jump to comments…

  1. estephen B esteve | October 16, 2013

    good afternon to pls be inform you regarding the setuation her and the philipines more damages inside the buhol or the other places and Cibu.hope that you understand the setuation we need the addetional food or other things what we need or ITC,thank you…

  2. H. Craig Bradley | October 16, 2013


    Malaise summed-up the Jimmy Carter years in the seventies due to a variety of policy missteps and poor decisions by elected officials. Sound familiar? Stu Varney seems to think so. Low interest rates equates to no growth in the economy. So, I would tend to agree with Stu here.

    Costs have not gone down very much for autos, auto repair, housing, home construction, plumbing, gasoline, energy (electricity), food, clothing, and most other necessities. Economic growth or GDP is limited to 1%-2%/year, at best. Official inflation is about the same as the GDP growth.

    People are not getting ahead (wages stagnant or declining) and are not saving that much for retirement or anything else. Consumers are still spending most of their income but at lower levels with minimal annual growth. We are stuck and not getting anywhere fast. What happened?

  3. H. Craig Bradley | October 18, 2013

    What's more important is the development that Chase Bank, N.A. just notified some customers in a letter mailed to each of its small business account holders (Chase BusinessSelect Checking and Chase Business Classic) on Oct 8 that they will no longer be able to send outgoing international wire transfers as of Nov. 17. In addition, they will be limited to $50,000 worth of account activity (deposits, withdrawls, and check and ATM transactions) per month. ( They are now being "protected" by the FEDS).

    In addition, HSBC USA just informed its best retail customers (Premier Account Holders) it too will discontinue executing outgoing international wire transfers as of Nov. Other banks are likely to do likewise in the future. Thus, we are now having actual capital controls imposed

  4. guest | October 19, 2013

    THAT was "must-see video?" None of us knew that China is important?

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