Re: IMF calls for dollar alternative
Posted:
Mon Mar 02, 2015 9:40 am
by Dylan
This will only happen if the US agrees though.
Re: IMF calls for dollar alternative
Posted:
Mon Mar 02, 2015 9:46 am
by The Dharma Bum
if they don't the global financial system will collapse.
Russia and China have stopped purchasing US debt, so we are covertly purchasing our own debt via a Belgian front group to prop things up. That can't go on forever.
http://nypost.com/2014/04/20/belgium-sn ... in-droves/
Re: IMF calls for dollar alternative
Posted:
Mon Mar 02, 2015 10:06 am
by Dylan
Also based on some quick googling in 2014 China purchased enormous amounts of US bonds.
I'm not sure where you're getting your information.....?
Re: IMF calls for dollar alternative
Posted:
Mon Mar 02, 2015 10:16 am
by NAB
I realize this is just a blog post, but I found his speculation interesting.
http://blogs.marketwatch.com/thetell/20 ... treasurys/