What could China do to the American economy if they traded their dollars for Euros?
- From: "Robert Miller" <stargazzr@xxxxxxxxxxxx>
- Date: Fri, 20 Oct 2006 22:11:20 -0600
China has a Trillion dollar balance. What could they do if they wanted to
hurt us or get Taiwan?
If they dump their dollars and buy Euros. It seems to me the dollar would
be in for a very bad time,
devalued by how much? How much would the Euro go up against the dollar?
That would likely cause OPEC to switch from trading oil with dollars and
switch to Euros.
Another Trillion or more dollars flooding the market might do what to the
American economy?
For years the Treasury has been printing $100 Federal Reserve Notes at cost
3.4 cents each
and exporting them overseas for $100 worth of goods.
Should we even be considering the possibilities?
Robert Miller
Proud member of www.libertydollar.org since 1999
.
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