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originally posted by: junglimogli
The laws of economics say any democracy, no matter how powerful, lasts only 200 years .. looks like times up!
originally posted by: MrSpadThe Chinese policy is one of keeping the dollar strong because it has to be for the trade levels they want. Hurting the US dollar would harm China more than even the US. Why do you think they keep almost their entire 3 trillion reserve in US dollars and US bonds?
originally posted by: RubberSky
originally posted by: DJW001
Have you personally seen their gold reserves? I've heard they were all plundered by the Japanese during the Second World War....
Unlike you I keep up on who buys how much gold.
I even can estimate off the books gold buying.
originally posted by: RubberSky
originally posted by: MrSpadThe Chinese policy is one of keeping the dollar strong because it has to be for the trade levels they want. Hurting the US dollar would harm China more than even the US. Why do you think they keep almost their entire 3 trillion reserve in US dollars and US bonds?
Your information is outdated by about 2 years.
Current Chinese bond holdings of USA is under 1 trillion, and reserves held in US dollar no more than 200 bil
After just a month, China has overtaken Japan to become the biggest holder of U.S. debt after significantly increasing its U.S. Treasuries holdings.
On Friday, Treasury Department made public data showing China now holds US$1.261 trillion in U.S. government securities at the end of March. This means it has officially overtaken Japan in the No. 1 spot, which previously held US$1.2269 trillion worth of securities, CNN detailed.
originally posted by: rawo6592
This is a very bad sign for the dollar. It's coming.