Quote:
Originally Posted by Craig
I'm not saying the system is perfect, I'm saying that there is very little risk of a collapse of the dollar (i.e., extreme inflation). It makes sense for china to hedge it's position on the dollar, but they are not about the "throw the baby out with the bath water." The US is in no danger of not being able to meet its debt payments, and the dollar is still one of the most stable currencies on the planet. Do you think china is going to get out of dollars and get into euros?
|
Whereas previously I'd have said definately not now I say I don't know. When their own economy becomes strong enough it may not be necessary to get into any other currency, their own will suffice.
- Peter.
__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021 
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S
|