Monday, August 23, 2010

China Ditches the U.S. Dollar, Are Times Changing?

"Shae Smith writes: We all know the US flogs its debt to anyone willing to buy it. And up until recently, that's been China.

Very slowly, over the past twelve months China has been lowering its exposure to US treasuries. In fact, in the last twelve months, they've offloaded about USD$100 billion dollars worth..."

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