Andy Abraham

Is China Really Trying to Create a Global Currency?

China needs to sell to their domestic economy...but before they can do that ...they need to enhance their middle class ...and take steps to eradicate poverty...


On Mar 26 10:24 AM Tony Daltorio wrote:

> I do agree with your comments about the gold standard. However, your
> comments about China show the typical arrogance and ignorance of
> Americans about the rest of the globe. China is rapidly moving away
> from being an export economy. And it does matter what they think
> because of the US need for "suckers" to buy our debt. If China even
> slows down their purchases a bit, the Fed will have to print billions
> more dollars to buy Treasuries and that will simply accelerate the
> dollar's move into the history books. We should do all we can to
> keep China happy, and not insult the biggest "investor" in the US.
>