Thursday, October 19, 2006

China: In short...not gonna loan BushCo more $$$$..

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.


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