Years of QE, -$40B/mo bal of trade, and $20T govt debt @ 0-2% = strong dollar?? And Goldman is speechless?? China just stepped back a step and had a look at the forest instead of the trees. They were running out of room to store US paper, and building their alternative to IMF "currency" - - stacks of debt soaked paper - -.
Gold more stable than paper?? Imagine that! Could start a trend - - -
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China's Record Dumping Of US Treasuries Leaves Goldman Speechless
Years of QE, -$40B/mo bal of trade, and $20T govt debt @ 0-2% = strong dollar?? And Goldman is speechless?? China just stepped back a step and had a look at the forest instead of the trees. They were running out of room to store US paper, and building their alternative to IMF "currency" - - stacks of debt soaked paper - -. Gold more stable than paper?? Imagine that! Could start a trend - - -