Tuesday, November 17, 2009

US Dollar: The Yuan's Nemesis

China deflating the yuan, and Chinese politicians don't admit it. The US Mint job is to level it out by printing non-gold backed banknotes. That's why China wants to move to a IMF currency or mixture of currencies so the United States can't balance out their inflating yuan. China buying a lot of gold reserves from other countries. They also want to release a "golden yuan" so that it can replace the US Dollar as a world currency. The US of course wants to win the war in Afghanistan so US doesn't want the yuan be used as the peg currency. I don't believe China would fight terrorists or any war except the Cyber Cold War. See, I just admitted it!


Setup to fail?


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