Thread: China Finally Diversifying Out of the Dollar?

China Finally Diversifying Out of the Dollar?


Global Research, March 13, 2009
George Washington Blogspot


Everyone knows that China has $2 trillion in foreign reserves. Two-thirds of those reserves are said to be denominated in dollars.

But - after years of speculation - there are increasing signs that China is diversifying out of the dollar.

For example, the head of China's energy bureau said in comments published on Monday "China should use part of its nearly $2 trillion in foreign exchange reserves to buy more gold, oil, uranium and other strategic commodities".

And as Bloomberg writes today:


“We have lent a huge amount of money to the United States,â€

Decoupling has started, just like Peter Schiff predicted.
Dollar Hyperinflation is next.