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by Marty S.

Member since:
June 28, 2006

China to consider nuclear option of destruction of the dollar?

August 11, 2007 03:31 PM EDT

views: 9 | comments: 3

There was recently some mention made of a Chinese minister, or someone floating the idea of destroying the American economy by selling the trillions of dollars they have for some other currency. Granted, this instance of bluster was primarily intended to bluff the Congress into believing that they would be happy destroying the global economic trade system. But, would it be possible for China to buy 200 Trillion Yen? How would that change the dynamic? Could China then buy Iran's oil fields?

Tags: yen, iran, dollar, china

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Marty S. Aug 11, 2007, 8:12pm EDT

Judi, I look at it as China wanted to support the value of the dollar, so they bought our T-Bills, so they could have a "weak" currency relative to the dollar.

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Olive Rossi Aug 13, 2007, 5:38pm EDT

What a hoot! Let's give Bush the boot!

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The US Dollar Future Picture, Inflation or Deflation and the Carry Trade. by Richard B.
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China to consider nuclear option of destruction of the dollar?

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