The alarmist story below should not be dismissed out of hand. A week
ago, the People's Bank of China's signaled an intention to stop
accumulating dollars. China's "taper" would push up interest rates in
the United States very substantially even if the Fed's taper does not.. (
http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html)
How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System
Global Research, November 08, 2013 |
http://www.globalresearch.ca/how-china-can-cause-the-death-of-the-dollar-and-the-entire-u-s-financial-system
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