Sun, Apr 20, 2014, 9:28 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

WisdomTree Chinese Yuan Strategy Message Board

  • needcommonsense needcommonsense May 25, 2010 7:03 PM Flag

    HOW LONG CAN CHINA ACCUMULATE FOREIGN RESERVES?

    How much worthless dollar they gonna keep holding, as they approach 2.5 trillion $?

    Crazy! Appreciate that Yuan currency, China men!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Foreign Reserves as in US dollar.

      My take is they can accumulate as long as there is another country who will accept it in exchange for their natural resources - Think Australia, Brazil/South America & Africa.

    • United States needs to cut its state and federal budgets. Obama extended aid to teachers along with other spending has to be paid at some point. Now the macroeconomics has changed.
      The US credit card debt (Govt Debt) is gone out of hand. Europe stands almost in a similar position with so many states like Greece not producing anything. China stands to gain from all this.

      This is why commodities are high while US workers in private sector lose jobs.

    • thomasdea@ymail.com thomasdea Jun 21, 2010 11:34 AM Flag

      They are using dollars to buy up American companies. To integrate the Americans to Chinese culture, they are paying public schools to teach Manderin. I hope you don't mind working under Chinese leaders.

      • 1 Reply to thomasdea
      • Amazing how the Soviets though they could control the world by building up their army. Unfortunately, all they ended up with were rusty obsolete tanks and planes.

        The Chinese have figured out they can control the world economically, and they have the perfect centralized government to do it. They are already the dominant force in manufacturing and have considerable control over natural resources. They are the ones buying the mines and digging oil wells - and those natural resources are NOT going to be sold to the open market - they will only be used to feed the Chinese factories.

        You can even look back at the Japanese in World War II - they thought they had to invade other countries to take over natural resources. The Chinese have figured out that all they have to do is BUY the companies that produce those resources.

        Yes, we will be working for the Chinese....

 
CYB
24.97+0.03(+0.12%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.