The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Archie Meeties who wrote (21384)	7/16/2009 6:13:55 PM
From: zamboz	of 71456

There is just way too much at stake for Asia not to continue to subsidize their exports through dollar buying. That explains this: Foreigners Dump Dollars, but China is a Buyer The latest Treasury International Capital flow report indicates that foreigners were net sellers of U.S. dollars in the month of May. Russia, who led the pack in the reserve diversification talk ahead of the BRIC Summit were the largest sellers of U.S. dollars followed by Caribbean banking centers (hedge funds), and Japan. China, despite all of their grumblings and flip flopping continued to buy dollars in size. Including purchases by Hong Kong, China boosted their holdings of U.S. dollars by $50 billion. With their foreign exchange reserves now over $2 trillion, they clearly control the purse strings. seekingalpha.com

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