China Dumps the USD

O

orbital 123

Veteran XX
It's beginning.

Meltdown of U.S. Dollar Underway as China Dumps the Currency

Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency's stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national currency reserve from dollars to more stable currencies, such as the euro or Canadian dollar. After these comments, the dollar fell to record lows relative to other currencies -- the lowest ever against the euro, the lowest in a generation against the British pound, and the lowest in 57 years against the Canadian dollar.
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sad thing is, nano is kinda right about this one =/

edit: :tinfoil:

edit edit: hes right if this is actually happening, and im leaning towards no since the dollar is up against the euro today
 
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Don't worry, I'm sure they aren't intentionally destroying the dollar to bring about the North American Union and the Amero.

Nothing to see here.
 
China is still our bitch even though we have huge debt bestowed to them. China still needs about another 20 years.
 
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