Question by Overt Operative: Is this the worse possible news from China?
The Chinese government announced today that it plans to dump $ 1.4 trillion USD on the international currency exchange in favor of the more stable Euro.
This move will flood the currency market with USD and drive the value of the dollar down much further than the all time low it is now.
The effects of this move will be hard felt here in the USA. Anyone care to predict the outcome?
Will we see $ 200 a barrel oil by January?
Is this a good time to trade your USD for Canadian money?
Here’s the link for those of you who asked.
Answer by ZardoZ
This clearly demonstrates the devestation of the Bush Administration, and also shows that the US should stop trading with China. The “free traders” in Congress and the white house are ruining our country.
Give your answer to this question below!