This marks the beginning of the end of the ability of the US to print money to finance its deficits without huge inflationary pressure. The gig is up.
China wants IMF unit to replace dollar as a reserve
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WineAlign
1 comment:
indeed, indeed... wonder what the Chinese and others do with the already saved up $s? If they sell them, the dollar value falls even more in the short-term, but at some point it's gonna be worth it to sell now and risk the drop in dollars prices, rather than hold tight and watch the dollar values decrease anyway due to inflation from US Treasury printing of bills.
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