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“Strategically, it probably has been China’s intention to find the right time to lighten up its excessive accumulation of U.S. Treasuries,” he said. I think
by myth_buster 11y ago
“Strategically, it probably has been China’s intention to find the right time
to lighten up its excessive accumulation of U.S. Treasuries,” he said.
I think that is the crux of it. They are itching to move away from dollar and any excuse to do so is used. This has also been tied with AIIB & they accumulating a large amount of gold to back up their currency to be the base denomination for global trade.
- deathhand 11y agoI am sure current crude prices also help.
- blumkvist 11y agoYou've been reading way too much "falling of the petrodollar" blogs.
- myth_buster 11y agoGuilty as charged. I've Currency Wars [0] in my reading list. [0] http://www.amazon.com/Currency-Wars-Making-Global-Crisis/dp/1591845564 http://www.amazon.com/Currency-Wars-Making-Global-Crisis/dp/...
- mark_l_watson 11y agoJames Rickard's Currency Wars, and The Death of the Dollar are interesting reads. I have given copies to family members because even if Rickard's is not totally correct, his analysis is interesting.