GoFuckYourself.com - Adult Webmaster Forum - View Single Post - China signals plans of swapping its $1TRILLION+ reserves for Euros/CDN

Snake Doctor · 11-08-2007, 07:46 AM

The Chinese official who made that statement recanted it later in the day.

Also remember, China has their currency pegged to ours, so a run on the dollar is the same as a run on the yuan for them.

11-08-2007, 07:46 AM
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	The Chinese official who made that statement recanted it later in the day. Also remember, China has their currency pegged to ours, so a run on the dollar is the same as a run on the yuan for them. __________________ sig too big