-=DirtBag© wrote
> 2.7182818284590... wrote
>> I have questions and confusions on
>>
http://en.wikipedia.org/wiki/Foreign_exchange_reserves_of_the_People%... >> "The composition of foreign exchange reserves is presently regarded
>> as a state secret in the People's Republic of China. All financial
>> records pertaining to the foreign exchange reserve have been poorly
>> documented. The official sources elaborate that US dollar holdings
>> make up 60% of the reserve, and that a fifth (up to 400 billion USD)
>> of the reserve is held in Fannie Mae and Freddie Mac bonds. As of
>> June 2008, the PRC held USD 447.5 billion of US agency bonds[1]. "
>> Here are my questions: Is this article double-dipping when they say
>> that "US dollar holdings make up 60% of the reserve, and that a fifth
>> (up to 400 billion USD) of the reserve is held in Fannie Mae and
>> Freddie Mac bonds." So the way to interpret this is: A TOTAL of
>> their reserves in USD is 60%. The 20% that they have in
>> Fanne/Freddie bonds is included in this 60%???????
> Here are some duscissions on the subject you might find interesting.
> I read the number $771 B somewhere too but cant re-locate it for you
> to read.. India buying all that gold and China talking about a new
> currency with Russia stirring up anti-dollar chatter. We NEED to
> fear the day that the petrol currency becomes something other other
> than the US Dollar.
Because they realise they aint got any choice on that.
> Yea they NEED the USA to consume , after all it IS our role in the current scheme of things.
The West actually, not just the US.
> Only they got =burnt= from the housing ATM Machine model.
Nope, their economy barely blipped.
> New model is mineral based.
Nope.
> They are consuming our precious resources at a trade for 'jobs' value, while saving there own resources for their
> next generations.
Mindlessly pig ignorantly silly.
They aint consuming any US resources.
What resources they are consuming come from places like Australia
and Brazil and aint anything even remotely resembling anything like
precious either, just basic stuff like iron ore that will last for centurys.
> We have sold them our materials and our jobs.
Fuck all of the jobs in fact. No US resources whatever.
> They bribed us with cheap toasters, cameras, electronics, everything we used to have jobs for here.
You wouldnt know what a real bribe was if one bit you on your lard arse.
And even someone as stupid as you should have noticed that the
US buys fuck all aircraft, military hardware, movies, TV shows,
music, PC software, pharmaceuticals, cars etc etc etc from china.
> We even sold them the tooling and the machinery used in these jobs.
Someone must have made that stuff, stupid.
> USA business sold off everything but the buildings. They got it all..
Another pig ignorant lie.
> while we got layoffs and joblessness
The unemployment rate bottomed at 4.x% with an immense
legal and illegal immigration rate just before you clowns
completely imploded the entire world financial system, AGAIN.
> and a housing market that the economy cannot support.
Yes, you fools produced that bubble too.
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