Re: Arrrghhh! What the F**
in response to
by
posted on
Jul 16, 2009 11:33AM
This article is interesting in that it not only shows that China isn't afraid of US repercussions, but that an ever increasing number of countries are not afraid of US repercussions either.
I suppose that this will lessen the demand for the greenback and hence its relative value. What interests me the most though is will this translate to a flight to gold in the midterm to ride out the shift of economic power?
That would be great for SMH (and us), recalling that SMH is due to start receiving income later this year.
We're sitting pretty! It just goes to show, while some boats sink, others rise.
Trainboy