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.