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**KlaraNovikoffaZ** · 09-13-2009, 10:40 PM

Well, it's not like none of that is already happening with the constant harping that China wants to dump the Dollar and both Russia and China are whining that there needs to be a new reserve currency [they hope it's theirs].

I don't think it's a coinkidink that UNECOSOC comes out last week saying that we need a world currency [fat chance].

By the way, we still hold the KILL switch. If a trade war does develop, we always have the option of devaluating our currency in a massive move that will destroy creditors to the benefit of debtors. This would decimate a lot of Chinese wealth since a lot of it is tied up in sovereign obligation.

09-13-2009, 10:40 PM	#13
KlaraNovikoffaZ Join Date Oct 2005 Location USA Posts 384 Senior Member	Well, it's not like none of that is already happening with the constant harping that China wants to dump the Dollar and both Russia and China are whining that there needs to be a new reserve currency [they hope it's theirs]. I don't think it's a coinkidink that UNECOSOC comes out last week saying that we need a world currency [fat chance]. By the way, we still hold the KILL switch. If a trade war does develop, we always have the option of devaluating our currency in a massive move that will destroy creditors to the benefit of debtors. This would decimate a lot of Chinese wealth since a lot of it is tied up in sovereign obligation.
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