Wake Up Washington! China Is Already Dumping the Dollar

[Po_d Mainiac]

"The idea they don't have anywhere else to go or would shoot themselves in the foot if there were a steep decline in the dollar or appreciation of their currency reassures many people in Washington ‘we can relax'," he says. "An appreciation of the renminbi may reduce value of their international reserves but increases the value of every other asset the Chinese own," most notably the commodity assets they have been buying all over the world.

http://finance.yahoo.com/tech-ticker/article/yftt_357648/Wake-Up-Washington!-China-Is-Already-Dumping-the-Dollar-Niall-Ferguson-Says?tickers=FXI,PGJ,UUP,UDN,GLD,TBT,DBC

serious food for thought

[Craftsman]

1. Th administration does not care, they will keep printing dollars

[madrchsod]

2. let them find a buyer....

the sooner we cut ties with china the better off we will be.