Everyone please, stop the madness !
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
Well, since you apparently have your facts straight, please point me to a source that verifies you claim that "China is the absolute #1 investor in USD".
http://bonds.about.com/od/Issues-in-the-News/a/Who-Are-The-Largest-Foreign-Owners-Of-U-S-Debt.htm
"Largest Foreign Holders"
Largest holder is the FED with 14% of the teasury securities or almost twice as much as china. And please don't link to about.com when you can get the information directly from the source.
Fed Holdings: http://www.federalreserve.gov/Releases/h41/Current/
Treasury Obligations: http://www.treasurydirect.gov/govt/reports/pd/pd_debtposactrpt_0913.pdf
Foreign Holdings: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt