mcgilla

China Wants the U.S. Dollar to Drop Dead

Asian Banks had long ago started denominating out of US $ ...

The real hidden story is the, US $ dollar against the renminbi, is losing value in anticipation of the potential for a “Great Game like Conflict”.

What China has the appearance of engaging in already:

1) Asian Central Banks are un-funding or slow-to-uptake of US Treasury Auctions and GSE Fundings
2) Asian Central Banks Denominating out of US$ reserves.
3) Other currency gymanastics by China
CURRENCY-Flight out of US$ = Destabilizing the US$ DOLLAR based Credit…and Banking

.... Asian Central Banks that are un-funding US$...

The Weakness of the Treasury's New Bailout Plan

Reverse debenture structure/s, as opposed to outright equity purchases, for longer-term FED de-leveraging of banks?