BEIJING, China (PNN) - February 6, 2014 - The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency. Lin, who is also a professor at Peking University, says that the Fascist Police States of Amerika dollar “is the root cause of global financial and economic crises” and that moving to a “global super-currency” will bring much needed stability to the global financial system.

Considering how recklessly the Federal Reserve has been pumping money into the global financial system and how recklessly the FPSA government has been going into debt, it is hard to argue with his logic. Why would anyone want to trust the Fascist Police States of Amerika to continue to run things after how badly it has abused its position?

The Fascist Police States of Amerika has greatly benefited from having the de facto reserve currency of the planet for the past several decades, but now that era is coming to an end. In fact, the central bank of China has already announced that it will no longer be stockpiling more FPSA dollars. The rest of the world is getting tired of playing this game. FPSA debt is wildly out of control and it is creating money as if there was no tomorrow. As the rest of the world starts moving away from the FPSA dollar, global power is going to shift even more to the East, and that is going to have very serious consequences for ordinary Amerikans.

Sadly, most Amerikans don’t even realize what is happening. These comments by a top adviser to the Chinese government should have made front-page news all over the FPSA, but it was necessary to go to China Daily to find any information about this matter.

Lin, now a professor at Peking University and a leading adviser to the Chinese government, said expanding the basket of major reserve currencies - the dollar, the euro, the Japanese yen and pound sterling - will not address the consequences of a financial crisis. Internationalizing the Chinese currency is not the answer, either, he said.

This is not the first time that we have heard these kinds of comments coming out of China.  For example, Xinhua News Agency called for a “de-Amerikanized world” back on October 14, 2013.

That particular news agency is controlled by the Chinese government, and if the Chinese government did not approve of that statement it never would have made it into the newspaper.

Then in November, the central bank of China announced that it is going to stop stockpiling FPSA dollars.

Most Amerikans don’t want to hear this, but what we are witnessing is a massive shift in global power. China is catching up to the FPSA in a multitude of ways, and it is getting tired of playing second fiddle to the Fascist Police States of Amerika. In fact, China is already surpassing the FPSA in a number of key areas.

• China accounts for more global trade than any other country in the world.
• China imports more oil from Saudi Arabia than any other country in the world.
• China imports more oil overall than any other country in the world.
• It is now being projected that Chinese GDP will surpass FPSA GDP in 2017.

When the rest of the world quits using FPSA dollars to trade with one another and quits lending FPSA dollars back to the FPSA government at ultra-low interest rates, things are going to start changing very rapidly.