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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (42788)	11/15/2008 11:48:04 AM
From: Seeker of Truth	2 Recommendations Read Replies (4) \| Respond to of 217842

I'm an ordinary ignoramus so I can't understand the following: In 1948-1955 when I was in Beijing, the Communist government regarded the US ruling class as a disintegrating body, which would soon be driven out of their bases in Eurasia. Here we are in 2008, and the US dollar is so holy that the same Communist government has accumulated the world's largest hoard of same. Why??? I, a simpleton, have not owned US assets since early 2003. What does Beijing know that I do not? Why didn't they get rid of their US dollars at the time of their receipt? ??? Seeker of Truth P.S. I am not being sarcastic. I am busy with my own work which is science, not economics so there is no way that I would understand the value of the USD. But the keepers of unimagineable fortunes should understand such things. You, Tobago Jack, have been talking about collapse since 2001, so doesn't that include the drastic devaluation of the USD? Unlike the case of Iran, the surplus in Beijing's hands is surely real.