Meltdown of U.S. Dollar Underway as China Dumps the Currency
Posted on May 11, 2008 by jurnei
China dumps $1.4 Trillion in reserves, switching to the Euro and Canadian dollar, causing the US Federal Reserve Fiat paper dollars to plunge in all world markets to new all-time lows. China is also the worlds largest holder of US Treasury Bonds and securities, for which they are nervously awaiting a buyer. Japan, is the 2nd largest nervous holder read more
the article is two weeks old, but worthy of reading.
Filed under: Dick Cheney, Economy, George Bush, News | Tagged: China, debt, Economy, U.S. dollar
