BlueHair
08-07-2007, 03:22 AM
I was curious what your thoughts are on the weak dollar. It appears the U.S. is waging a currency war with China. China owns tons of US debt. Something has got to give. In May, the UN warned the dollar could collapse under pressure from the debt. Here is the link:
http://www.un.org/News/briefings/docs//2007/070530_Ocampo.doc.htm
Congress is trying to pressure China to revalue it's Yuan.
http://www.reuters.com/article/politicsNews/idUSN3124614420070731
It's going to interesting to see how it shakes out.
http://www.un.org/News/briefings/docs//2007/070530_Ocampo.doc.htm
Congress is trying to pressure China to revalue it's Yuan.
http://www.reuters.com/article/politicsNews/idUSN3124614420070731
It's going to interesting to see how it shakes out.