Monday, May 25, 2009

China still trying to duck the dollar!

FT Reports on why China is trying to bad mouth the US dollar!

I think its all a game. I don't think they really want to get rid of the dollar, but just tell everyone that they will get rid of the dollar and then they would have what?

This is one time where I feel political rhetoric can do more damage than good. Since the Chinese are holding onto a crap load of US assets and money, then why would they create a stir to cause folks to lose confidence in the dollar and further devalue their own investment?

I can never understand politicians....
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