The Chinese Premier has announced China is going to use more of their over US$ 2 trillion foreign exchange reserves on aquisition of foreign assets and resources. Could it be they don’t trust that the US dollar and US treasuries they own will maintain their value in the coming years? Click here to read the full article.
China doesnt trust the US Dollar
Facebook Like Box
Recommended Books
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Rich Dad's Advisors: Everything You Need to Know to Profit from Precious Metals Now
Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money
The New Empire of Debt: The Rise and Fall of an Epic Financial Bubble
The Power of Gold: The History of an Obsession
Buy Gold Now: How a Real Estate Bust, Our Bulging National Debt, and the Languishing Dollar Will Push Gold to Record Highs
Game Over: How You Can Prosper in a Shattered Economy
The Black Swan: The Impact of the Highly Improbable
Find Us on Facebook
No comments
Trackbacks/Pingbacks