China is the largest ‘hoarder’ of American dollars. It is estimated that China holds about USD1 trillion and if it releases it onto the market the US economy would collapse -- followed by the world of course, in particular countries in South East Asia which depend on exports to the US.
The US knows this and it is not sitting still. So it sent a team to China to talk to them but the Chinese told the Americans to go fly kites. The US knows what it must do if China makes its move. It will just abandon the USD and create a new currency called the AMERO. The AMERO??? What the heck is that?
That will catch the Chinese with their pants down.
LOL! I can't wait to see the responses from China if that happens.
Wow! This is new to me! US dollars will be gone and the AMERO will come in IF and only IF China does the most disastrious act of releasing the USD into the market!
The great depression is back!!! Does anyone know about the AMERO? Or everyone is still sipping their Mocha in their home sweet home and knows nothing about what's coming up in the world economy. I know nothing either.
