RE:chinese grading agencyI think this is bigger then most people think,
We could be seeing China move against the USD quick if China does not get what it wants.
China holds a massive amount of USD in reserves,
If the US hyperinflates qe4,5,6 to keep the fake growth going then these reserves lose massive value.
the myth of 'Taper' or 'talks' about the debt ceiling tricks are not working on China they know the US is not going to do either and will try to keep inflating the USD.
China downgrading could be a warning as it came after the Republicans caved on cuts.
China lost here as the USD dropped bigtime.
China could have hit the buy on gold today and sold some USD.
Gold will continue to get the bid from China and they are warning the US against QE.
the US needs QE right now to keep this fake growth going.
what is China going to do if the US announces QE4 at the end of Oct which I think they will ?
mass sell the USD and buy Gold then go to a gold backed currency for trade ?
they will be pissed so who knows what they will do.
does China want 'the great reveal' to happen and the US have to face the music ?