There is some truth to this, Bigbet.... If China were to drop their dollars onto the world markets ...actual US dollars, not just bonds, our currency would CRASH, big time. They own us. They own much of our debt. They own many of our actual dollars. They want us to protect our dollar value and can dictate some policy to us and have...they have! Can you imagine!??
BUT, the really troubling thing is that China is buying up much gold and it makes you wonder if they are not just hedging against trouble in the currency they care about most other than their own...but that they may be preparing to have the power to drop our currency, hammering us and making it up (at least in part) on the guaranteed increase in gold prices given a US currency collapse.
Economic warfare, baby...and China has it won already....
tulsa
BUT, the really troubling thing is that China is buying up much gold and it makes you wonder if they are not just hedging against trouble in the currency they care about most other than their own...but that they may be preparing to have the power to drop our currency, hammering us and making it up (at least in part) on the guaranteed increase in gold prices given a US currency collapse.
Economic warfare, baby...and China has it won already....
tulsa
