China alarmed by US money printing

Posted by Rick Published in Facebook Imports

Source: www.telegraph.co.uk

The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.

What happens when China gets rid of all its’ dollar reserves and moves it into Euros or Yen? Sounds like some of the central bankers in China have the right idea about precious metals and diversification while not overspending into additional debt. Wish some of our lawmakers would get a clue about this…

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China alarmed by US money printing

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