Larry Foster
November 9, 2007, 07:06 AM
They have so many USD that it probably doesn't matter.
I saw somewhere some astounding percentage of Chinese goods in stores. Something like 60% or more.
Given the insatiable American appetitie to spend everything they have and more, China will be the supplier of choice for a long time.
Although poor quality and unsafe products is very bad, there is something even more ominous to the US.
I saw that they're holding over $1 Trillion in dollar reserves. With the dollar falling like a rock, China is looking to convert some of that.
They will soon be buying up US assets and will soon control our economy.
Larry Foster
I saw somewhere some astounding percentage of Chinese goods in stores. Something like 60% or more.
Given the insatiable American appetitie to spend everything they have and more, China will be the supplier of choice for a long time.
Although poor quality and unsafe products is very bad, there is something even more ominous to the US.
I saw that they're holding over $1 Trillion in dollar reserves. With the dollar falling like a rock, China is looking to convert some of that.
They will soon be buying up US assets and will soon control our economy.
Larry Foster
