Wednesday, August 8th, 2007
China to sell off its dollar reserves, causing a worldwide crash in the value of the U.S. dollar, making U.S. exports cheaper and thus reinvigorating the moribund American manufacturing sector, and setting the stage for a new chapter of economic prosperity! Or maybe we’ll all be eating beans out of cans over trash fires instead. [Telegraph]
China to sell off its dollar reserves, causing a worldwide crash in the value of the U.S. dollar, making U.S. exports cheaper and thus reinvigorating the moribund American manufacturing sector, and setting the stage for a new chapter of economic prosperity! Or maybe we’ll all be eating beans out of cans over trash fires instead. [Telegraph]
