Thread: Tax cuts explained
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Old 08-08-2007, 05:29 PM   #106 (permalink)
Katczinsky
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Quote:
Originally Posted by BoyCanada View Post
So now things look even worse. China is threatening to dump it's 1.3 Trillion dollars of US Bonds and cash onto the open market. It could destroy the US $.
Source... China threatens 'nuclear option' of dollar sales - Telegraph
Damn. This administration partly went to war to save the dollar (as they made an example out of Iraq, one of the countries jumping the OPEC bandwagon by switching their oil sales from dollars to euros). It will be interesting to see what reaction Washington has to this, if any. I didn't see any report of this on any American news.
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