Fears reemerge that China could resort to “nuclear option”
Prominent economists in China are calling for their government to ditch vast holdings of U.S. Treasuries in favour of tangible assets such as gold, a move that would have a far reaching impact on the economy.
Reuters reports that Yu Yongding, a former academic adviser to the Chinese central bank has appealed to state representatives to move away from U.S. debt and invest in assets denominated in other currencies, as well as other financial instruments and real goods.
http://www.allamericangold.com/
Duration : 0:10:55
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Wow… China …
Wow… China greater than US now, I remember just half year ago they exceeded US in imports….now total consumer (ie, the produce less than we do…or export more crude, which would be stupid…anyway)….How can it all be sustained???/
Thanks for posting!
Thanks for posting!
Bernanke doing this …
Bernanke doing this show? Yet another bizarre thought! LOL. Humor with tragedy, a great combination.
Since 1971 – the US …
Since 1971 – the US dollar has been illegal currency (funny money)
What country around the world doesn’t accept the illegal currency.
Article 1 Sec 8 and 10 – US legal tender gold and silver coin, anything else and your government is corrupt.
Now how much in funny money do the central banks hold – trillions the whole planet will implode looks like that’s going to happen 100% guaranteed.