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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (26389)3/27/2005 1:55:37 PM
From: siempre  Read Replies (4) of 116555
 
Received this email yesterday from a friend of mine, who is spending at least three months in China ( needless to say, he's been a gold bug, much prior to leaving for China ) .

"I just listened to an interview of the American ambassador to China by a chinese news caster. The ambassador implied that there was a plan a foot by the Asian countries ( China, Japan, S. Korea ) to dump dollars.
Get this, the ambassador was insisting that it was not right for the Chinese to dump their dollars because it would hurt the US economically. The Chinese defended themselves by saying , now get this "the dollar is losing value so why should we hold onto a depreciating asset class".
The light is coming on in Asia, if this builds up steam, we may see a run on the $ in the near term. 72 billion $s have been created by the FED in the last 16 days. If this trend continues, we will have an additional trillion dollars by
of M3 by the end of the year.
Go and buy gold immediately, that's an order."
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