Thursday, July 9, 2009

China

So China is rattling their swords again about a new world currency. Nothing to see here folks, move along. Fortunately for the USA the Chinese government has a tremendous amount of US dollars in reserve and a huge amount of our debt. Do you really think that they are going to let the buck become the peso. Nope, will not happen. China needs a decently priced dollar or they will be holding a ton of useless debt.

Nothing more to see!

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