"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
It’s Official: China Will Be Dumping US Dollars
Submitted by Sharon Secor on Wed, 2011-04-20 21:36
in
“In case you missed it, earlier this week China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels. In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt).” Uh-oh. That has real potential to cause serious, serious economic problems. If you’re not in basic prep mode, you should be.
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
No real surprise.1 week 3 days ago
-
https://gx2527leftinvietnam.com/2 weeks 4 days ago
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...6 weeks 2 days ago
-
And of course, both of the author/commentators are Jews. No...6 weeks 4 days ago
-
Surprised to see Switzerland at only 32/100. Would've be...8 weeks 1 day ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...12 weeks 4 days ago
-
An early Christmas present, it seems -- here, some 17 years...16 weeks 5 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...31 weeks 3 days ago
-
Straight out of the communist playbook, as per Saul Alinsky...50 weeks 2 days ago
-
It's certainly a step in the right direction.1 year 6 weeks ago
more