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China Continues to Funnel U.S. Dollars into Commodity Investments

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  • Sat, Jun 13, 2009 - 01:20am

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    investorzzo

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    China Continues to Funnel U.S. Dollars into Commodity Investments

China has already engaged in currency-swaps worth hundreds of billions of dollars, with nations all over the world. In every one of those “swaps”, it is getting rid of U.S. dollar-denominated assets in return for the undervalued currencies of commodity-producing nations. Thus, it is simultaneously turning a profit as it dumps dollars, while increasing the supply of worthless “greenbacks” in global markets – ensuring that the down-trend for the U.S. dollar will continue indefinitely.

http://seekingalpha.com/article/142821-china-continues-to-funnel-u-s-dollars-into-commodity-investments

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