Thread: It’s Official: China Will Be Dumping US Dollars

ZeroHedge
Phoenix Capital Research
Graham Summers

It’s Official: China Will Be Dumping US Dollars

In case you missed it, earlier this week China announced that its foreign currency reserves are excessive and that they need to return to “reasonableâ€

The trap is springing now. The Saudis just announced they were going to cut oil output on us.

So between the Saudi oil production cut as our gas prices skyrocket and the Chinese dollar dump as our currency falters, their trap is sprung.

Everyone strap yourself in for the crash.

W

Originally Posted by ALIPAC

The trap is springing now. The Saudis just announced they were going to cut oil output on us.

So between the Saudi oil production cut as our gas prices skyrocket and the Chinese dollar dump as our currency falters, their trap is sprung.

Everyone strap yourself in for the crash.

W

Yep, it's going to be a VERY bumpy ride, if not an outright disaster.

Originally Posted by ALIPAC

The trap is springing now. The Saudis just announced they were going to cut oil output on us.

So between the Saudi oil production cut as our gas prices skyrocket and the Chinese dollar dump as our currency falters, their trap is sprung.

Everyone strap yourself in for the crash.

W

===================================

China is buying up all the 'junk' gold they can get their hands on right here in the USA.

Chinese Dumping US Dollars for Scrap Gold

VIDEO: http://www.youtube.com/watch?v=GmAgdx6_ ... r_embedded

Right now I am coming to you from the Port of Long Beach with some breaking news. At this time China is buying scrap gold that is harvested all across America and dumping the dollar to buy the gold. That’s right, and what is happening is that individuals are getting off at the Port of Long Beach and buying the gold.

There are parts of Los Angeles that are owned by the Chinese at the Port of Long beach. These individuals are getting out and are scruffily dressed and they have back packs full of hundreds of thousands of dollars and then they make it down to downtown LA. They are trading cash, Us Dollars for our scrap gold. So the harvesting of America is happening right now from the Port of Long Beach.

I have heard from inside sources they are not only dumping the dollar on our own gold but are buying up everything they can in the world to get out of the dollar and according to the Economic Times, China is moving towards launching the yuan into a global currency.

http://economictimes.indiatimes.com/new ... 943653.cms

Originally Posted by ALIPAC

The trap is springing now. The Saudis just announced they were going to cut oil output on us.

So between the Saudi oil production cut as our gas prices skyrocket and the Chinese dollar dump as our currency falters, their trap is sprung.

Everyone strap yourself in for the crash.

W

Yep ... I'm expecting a vicious white nuckle ride