U.S. treasuries

As the Heavens Empire takes its own steps to prevent a tremendous collapse in case of the dollar’s failure Dallas Federal Reserve President Richard Fisher assures American society that China will unlikely do anything to hurt the U.S. interests. On Tuesday Fisher noted that the fate of the two economic giants was closely entwined, reports Reuters.

As China is getting more concerned about the profitability of the U.S. treasuries and other dollar denominated bonds its central bank is calling for the eventual introduction of the new international currency reserve to replace the dollar. Zhou Xiaochuan, governor of the People’s Bank of China, stated that a new currency reserve system controlled by the International Monetary Fund could prove more stable and economically viable.