Previously, the Chinese wouldn't weaken the dollar because they would destroy their export market to the US. With the US consumer slowing down, it becomes more realistic for them to at least weaken the dollar a bit; but not to utterly destroy it.
Neither does it make sense for them to corner the market in gold--certainly not to the extent where it would allow the US to wipe its balance sheet clean by dumping its own gold reserves and/or leasing proven reserves on Federal lands.
I've said it before, and I'll say it again "A clean balance sheet in exchange for some pretty rocks". It isn't going to happen, not unless the Chinese get some hick with a C average running the country. I mean, a major power with an imbecile like that at the helm? It... will... never... umm... nevermind
The Complete List of Commodity ETFs and ETNs [View article]
what else would you wan't to know?
China's Greatest Trade Ever [View article]
China's Greatest Trade Ever [View article]
chinese stole the strength of the currency anyways?
China's Greatest Trade Ever [View article]
Neither does it make sense for them to corner the market in gold--certainly not to the extent where it would allow the US to wipe its balance sheet clean by dumping its own gold reserves and/or leasing proven reserves on Federal lands.
I've said it before, and I'll say it again "A clean balance sheet in exchange for some pretty rocks". It isn't going to happen, not unless the Chinese get some hick with a C average running the country. I mean, a major power with an imbecile like that at the helm? It... will... never... umm... nevermind
roflmao. ah man. funny shit. istar i like you.
to bad china aint a trading partner anymore.