Comments on: No one in China Wants Dollars Anymore

By: US Dollar Has Lost Over 96% of Its Value | Your Financial Future

US Dollar Has Lost Over 96% of Its Value | Your Financial Future — Fri, 07 Mar 2008 17:44:08 +0000

[...] It is amazing to think that the dollar has gone so low. There was a time when the dollar was an honored instrument of financial transaction. Today, the world is divesting itself of dollars as fast as it can, and in some places like China, the dollar has been reduced to the status of the next door neighbors garb… [...]

By: Why is the US Dollar Collapsing? | Your Financial Future

Why is the US Dollar Collapsing? | Your Financial Future — Thu, 28 Feb 2008 16:49:42 +0000

[...] We see this taking shape in the form of less demand for Dollars, all around the world. OPEC is in discussions of de-pegging from the dollar, oil producing nations are starting ask for payment in oil in currencies other than the dollar, China has indicated it intends to diversify is national reserves out of Dollars and into other assets, and you have Trillions of Dollars in newly created Sovereign Wealth Funds, whose sole purpose is to buy hard assets around the world with ’surplus’ Dollars before the Dollar becomes worthless. It has gotten so bad, in fact, that the Dollar, once honored and coveted in China, is now seen as your neighbors garbage. [...]

By: Greenspan Thinks OPEC Should Depeg | Your Financial Future

Greenspan Thinks OPEC Should Depeg | Your Financial Future — Wed, 27 Feb 2008 15:00:57 +0000

[...] the matter either. We have in fact injected so much money into the worlds currency flows, that China doesn’t even want it any more. The chart below shows M3, which tracks the amount of currency in [...]