Soros and his lackey slave Obummer are trying to destroy the US dollar just as Soros did to the British currency.
I wonder what China would think of such a move as they own our great debt.
Soros and his lackey slave Obummer are trying to destroy the US dollar just as Soros did to the British currency.
I wonder what China would think of such a move as they own our great debt.
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Boy, you are just setting the table there for the conspiracy theorists to party like it’s 1963....
“I wonder what China would think of such a move as they own our great debt.”
From what I have read, China is only buying new bonds 5-yrs or shorter maturity. I speculate that a lot of their commodity dealsin africa and whatnot are being paid in their longer-dated treasury paper. They know they aren’t getting out of their dollar exposure completely, but they are doing a lot to try to limit the damage.
No one has any real choice on the reserve currency issue, the US is debasing their paper and it simply isn’t a good instrument anymore.
Related on the debt stuff, the 100billion in treasury notes carried by two japanese nationals into switzerland has just vanished off the radar. They were RELEASED (not arrested). Treasury refused to ever make a serious comment on the event.