[George W. Bush]

China is funding our M.E. expedition, and they just announced they were going to diversify their holdings, which means they’re about to start buying euros.

Actually they said specifically they wouldn't be buying euros instead and will seek a variety of hotter performing currencies, apparently in the growth sectors in Asia. We'll see which ones they buy or whether Bush has a carrot or stick big enough to keep them buying dollars. After today's drop, I can't imagine them being interested.

[Dreddnafious]

Smart money would buy gold i think, since everything else is wedged in some manner against the dollar. Thank you for the correction.