From Information Clearing House:
Striking the US where it hurts
By Victor N Corpus
A decision by China to shift a major portion of its reserve to the euro or the yen or gold could trigger other central banks to follow suit. Nobody would want to be left behind holding a bagfull of dollars rapidly turning worthless.
The herd psychology would be very difficult to control in this case because national economic survival would be at stake.
http://www.informationclearinghouse.info/article15347.htm
Wrap...
No comments:
Post a Comment