Irv is right in that the horrendous debt being run up by ';drunken sailor'; Obama %26amp; Congress is diluting the money supply quite well by itself.
China holds US dollars because it views those dollars as a (relatively) stable store of value. (This is changing though, and many countries' reserves are shifting toward the Euro.) So it is in China's best interest that the dollar remain strong. A strong dollar also means we can afford to buy more Chinese goods.
Second, the US is China's biggest trading partner, and it is the US that is largely responsible for China's ascent from third-world status and its growing middle class. Hurting the US economically would be shooting themselves in the foot. Why would they kill the goose that's laying the golden eggs?If Obama makes one false move will China flood the market with dollar bills and crash the currency?
So what if this actually occurs it was pre-destained to happen. Everything that occurs in our lives were pre-destained. If 100 persons died in a plane crash they were all destained to die together at that particular time. Therefore if China does flood the market with dollars it was meant to be!If Obama makes one false move will China flood the market with dollar bills and crash the currency?
Doomsayers.
I suspect there is a reason that you want people to experience fear -- for the life of me, I couldn't imagine why. Living daily life being afraid all the time is not my preferred state of existence.
Or, Obama can make a good move and there would be harmonious relations between to large powers of the world.
Not everyone has to go to fear mongering.
OBama is ';flooding the market with dollar bills'; quite enough
all by himself to bring about a bear of an inflation.
Have you been watching gold prices, (or food prices for that matter), lately?
If perchance you have any savings in dollars,
thanks!, you're paying for this 'bail-out'.
I don't think that China would do that becouse:
They invested their money in dollars and if they flooded the market with dolars to make it crash they would loose that amount of dollars they invested
plus the US is Chinas biggest importer and a crash would seriously affect their economy.
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Eh?
China is worried about Obama flooding the market with dollars thus rendering their stockpile worthless.
Obama has messed up and made many false moves. China hasn't reacted yet.
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