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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (261038)4/8/2008 8:13:23 PM
From: neolib  Respond to of 281500
 
China has already taken a serious hit to their $ holdings over the last year. That has got to hurt. At least Europe is now their leading trade partner, so they are buffered a bit from the USA. At some point of course, their own 1.3B consumers will likely way dwarf the US consumer in their economy.



To: goldworldnet who wrote (261038)4/9/2008 9:23:59 AM
From: Peter Dierks  Read Replies (1) | Respond to of 281500
 
The reason the price of oil has been rising is that even though oil is negotiated in dollars it is pegged to the price of gold.


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