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To: Ahithophel
A funny thing happened on the way to the change-in-reserve-currency-bank

Thanks for the chuckle :)

10 posted on 08/21/2015 4:23:37 AM PDT by onona (If I agree with something Donald says in a forest, and no one hears, am I still a "Trumper" ?)
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To: onona

China wants to be #1. To do this they have to destroy America. Devaluing their dollar actually makes them stronger in the sense of being able to sell more stuff. This in turn hurts other countries production and sales. Making the dollar stronger hurts our exports. By making the dollar stronger they can dump the paper they own to others who think their money is safer in US dollars. In the meantime china is buying up gold right and left.

Several other countries are getting mad at the US because the stronger dollar is causing mass inflation in their countries like is happening in Indonesia.

So pretty soon china will broadcast that their money is more stable in price and is gold backed not like fiat dollars. They will advise people to dump the US dollar and use theirs instead.

Think of the results of that.


11 posted on 08/21/2015 5:42:24 AM PDT by oldasrocks (They should lock all of you up and only let out us properly medicated people.)
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