Chinese dumping dollars

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seajay
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Chinese dumping dollars

Post by seajay » Fri May 12, 2023 9:15 pm

Recently heard from several sources that Chinese citizens are frantically trying to get rid of any physical US dollars they own. Some form of commonly perceived issue must be spreading through their grape vines.

Maybe part of a TARA (There Are Reasonable Alternatives) push?

I know Biden doesn't go down too well here in the UK, seen as a anti-Brit and openly vocalizes it. The French are also pushing for the EU to distance from the US dollar.

Is it all part of a intentional US push to have such widespread US dollar dumping/deglobalization? If so I guess that would be good for gold, at least in terms of USD.
boglerdude
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Re: Chinese dumping dollars

Post by boglerdude » Sat May 13, 2023 7:02 pm

The Chinese are known to overreact eh

Maybe feds want a banking crisis to force digital currency, which can be restricted as needed. Pre-2020 I posted here that "FedBux" would be a good idea.
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