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<p>[QUOTE=&quot;scottishmoney, post: 699074, member: 12789&quot;]In case you have missed it, China, Russia etc. have seriously discussed dumping dollars as reserve currencies.&nbsp; Chinese officials whisper of this frequently - and have encouraged their citizens to hold gold.&nbsp; The Chinese can call in their Treasuries and then you would see the dollar plummet like those &quot;other nation&#039;s currencies&quot;.</p><p><br /></p><p>It is not just an economic measure, but a political one.&nbsp; The USA has a bloody nose in world opinion and quite frankly a lot of countries want to loosen those binds like dollar reserves.&nbsp; </p><p><br /></p><p>Wait until the list of bank failures does in the FDIC and the Treasury has to step in with 500 Billion more dollars to shore up deposits in failing banks.&nbsp; We&#039;ll see what happens but the last thing the Chinese want to be left with is a bunch of worthless American paper.[/QUOTE]</p><p><br /></p>

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