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Chinese Foreign Currency Reserves
Old 04-21-2006, 04:07 PM   #1
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Chinese Foreign Currency Reserves

$800,000,000,000, if that ain't enough to scare you, nothing is.

That is Debt owed to them.
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Re: Chinese Foreign Currency Reserves
Old 04-21-2006, 04:15 PM   #2
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Re: Chinese Foreign Currency Reserves

Maybe its like if you are a small business and have problems the bank "owns you" but if you are a big business & a major bank client and you are having problems you own the bank?
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Re: Chinese Foreign Currency Reserves
Old 04-22-2006, 08:48 AM   #3
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Re: Chinese Foreign Currency Reserves

China is still a Communist Nation, America is still the enemy, economic collapse means they win and they get to keep the hard assets.

I watched John Embry of Sprott Asset Mangement, who declared himself proud to have been born in America, and proud of all things American, but the current situation causes him great concern.

He, like I, believe Higher rates are around the corner.

Americans do not yet have a Universal Consumption Tax, our GST or Europes VAT, I believe that this will be instituted to help pay down the National Debt.
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