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Monday, November 8

Rumors of Mass Dollar Sell-off in China

The World is growing weary of financing the fictitious War on Terror. China seems to be selling off its US Dollar reserves, the Financial Times suggests. Why? There are various reasons. Some are related to economics, others to economic warfare.

FT:


"However, the market has been rife with rumours that the latest wave of selling has been led by foreign governments seeking to cut their exposure to US assets.

India and Russia have reportedly been selling US assets, as well as petrodollar-rich Middle Eastern investors.

China, which has $515bn of reserves, was also said to be selling dollars and buying Asian currencies in readiness to switch the renminbi's dollar peg to a basket arrangement, something Chinese officials have increasingly hinted at. Any re-allocation could push the dollar sharply lower and Treasury yields markedly higher"


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