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China continues to use Hong Kong as a test bed to gradually ease capital controls, saying it...

China continues to use Hong Kong as a test bed to gradually ease capital controls, saying it will soon allow foreign investors to use the renminbi to buy up to 20B yuan ($3.1B) in mainland securities, and enable Chinese firms to sell bonds in the territory.
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Comments (1)
  • golfitobob
    , contributor
    Comments (2347) | Send Message
     
    Here it comes ! The beginning of the end of the US dollar "reserve" status....... No not the replacement by the Yuan !

     

    The much planned SDR basket going the 8 from 4.......

     

    This will turn the US into a giant Greece, but, we can still print and the dollar level will be set by the market. Just like the market will set the Greek's currency when they leave the Euro and print again....... Going to happen and I will bet Merkal and Sarkosy talked about Greece going by by..........

     

    For those who say we are NOT Greece. We see Obama locked into a giant vote buying program and Perry calling Ben out for treason. Perry will beat Romney ( even if it is a Mormon thing or to an Evangelical) and Backman is a side show,so, here we go . The largest class warfare battle even. And, will the 135,000,000 hungry give Obama 4 more years and will he tax the higher incomes to death ?

     

    He is a link...... I didn't write it ,but, it shows were close to Greece.

     

    news.yahoo.com/us-aaa-...
    17 Aug 2011, 05:59 AM Reply Like
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