The Importance of China's Foreign Exchange Holdings [View article]
One final point no one has thought about...Debt forgiveness. If the US debt is forgiven and now China is setting commodity prices, would prices go up or down? Just a devlish thought.
The Importance of China's Foreign Exchange Holdings [View article]
Great job. I especially like the part about China financing Pakistan's debt. IMF seems to be waning in authority. China will act as a huge bank until the US dollar reserve status is broken. Between India, China and UAE there is 50% of world population. So why be subservient to less than 5% of the world population? Already UAE is ready to implement a Central bank with it's own currency in 2010. What will happen to the dollar once all these changes take effect? Inflation due to devaluation or deflation due to lowering of prices established by the big 3? What a conundrum.
The Importance of China's Foreign Exchange Holdings [View article]
The Importance of China's Foreign Exchange Holdings [View article]
Inflation due to devaluation or deflation due to lowering of prices established by the big 3? What a conundrum.