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Old 06-27-2011, 05:44 PM  
marketsmart
HOMICIDAL TROLL KILLER
 
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Join Date: Dec 2004
Location: Sunnybrook Institution for the Criminally Insane
Posts: 20,419
Quote:
Originally Posted by $5 submissions View Post
Brilliant catch, man. Makes sense now. The Chinese are VERY crafty. Great way to RIDE the dollar's continuing erosion to FURTHER heights. Talk about building assets with greater long term rewards in mind. I strongly suspect 2025 to 2050 will be the timespan where China's world dominance will be acknowledged by the world.

As for the dollar as reserve currency, there's talk of reinstalling GOLD as the gloabl benchmark.
this has always been the problem with China..

they think and govern in terms of thousands of years where as the US has always planned according to current times..

if the US lost its stature as the global currency, we would manipulate the markets 1000 times worse then China currently does and this is what would lead to WW3...





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