Im sure its just a coincidence that China has- in the same week- Announced what will soon be referred to as the PetroYuan and that theyre going to stop amassing USD, the worlds fading reserve currency. So what happens when China starts to unload any reasonable percentage of their $3.7 T in reserves, AND-OR the $1.3 in US Treasury bonds? bloomberg/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html
Posted on: Sun, 24 Nov 2013 20:42:25 +0000