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Re: China gets ready to pull the rug....
I don't think they're getting ready to "pull the rug," but the yuan is taking some steps on its journey.Originally posted by Mega View PostOutside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. -Groucho -
Re: China gets ready to pull the rug....
One -Don't you sleep (or snog and shag)
Two- Classical Financial Protectionism to allow them to sleep (Lightly)
Do I hear a wall being built in China again! some long held positions of exchange power being shaken? Certainly a loss of margin for some who think themselves Kings of the World.
I will bet my swingers that Australia won't entertain it -being a lap dog along with the Brits ........................... Then again being our largest buyer of mined dirt and having a Prime Minister who can order deep fried Shar Pei in perfect Cantonese you just don't know.
Do you Know if the Chinese have a good Navy - we don't have one and the US has an aging one? Decisions Decisions in a changing World.Comment
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Re: China gets ready to pull the rug....
Originally posted by thunderdownunder View Post
.........................could i have this in English?
MikeComment
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Re: China gets ready to pull the rug....
China has soo much $USD, if they wanted to dump there holdings, they would engineer the $USD to rally before dumping them, and the can do that easily enough. SO keep that in mind.
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Re: China gets ready to pull the rug....
Well, if they buy enough commodities, will it really matter if the dollar takes a nose dive? If the rumour is true and they buy twice the amount of gold the US holds in Fort Knox, then it will go through the roof in value if the dollar drops.Originally posted by icm63 View PostChina has soo much $USD, if they wanted to dump there holdings, they would engineer the $USD to rally before dumping them, and the can do that easily enough. SO keep that in mind.Comment
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