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Tuesday, May 10, 2011

China threatens 'nuclear option' of dollar sales

Collapse of the US Dollar Coming this fall? 

Many people have been warning of a US dollar collapse which will be the beginning of the end of the world as we know it. This scenario that has involve China dumping their US Treasury holdings rather suddenly. It seems that the MSM is now discussing such a scenario openly; be prepared for the life of every single person on the planet will change (for the worse) overnight when this hypothetical scenario becomes a reality. The following article is from the UK paper 'Telegraph'.

"Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.
Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is already breaking down through historic support levels." READ MORE...

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