Meltdown of U.S. Dollar Underway as China Dumps the Currency

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

read more | digg story

the article is two weeks old, but worthy of reading.

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