It’s Official: China Will Be Dumping US Dollars..The Fed WILL continue to pump money into the system 24/7 and it’s going to result in the death of the US Dollar.
China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels. In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt)...The dimwits in Washington don’t understand this because their advisors are all Wall Street stooges who don’t think debt or deficits matter.
http://www.zerohedge.com/article/it%E2%80%99s-official-china-will-be-dumping-us-dollars
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