First Asset Morningstar Emerging Markets Composite T.EXM.A

China to dump one TRILLION in U.S. Dollar

[valiant2002]

CHINA TO DUMP ONE TRILLION IN U.S. RESERVES! Tells visiting Bush administration officials they will not sit back and lose their shirts as U.S. Dollar collapses; they are getting out fast and large! BEIJING, CHINA -- Sources with a U.S. Delegation in Beijing have told The Hal Turner Show the Chinese government has informed visiting Bush Administration officials they intend to dump One TRILLION U.S. Dollars from China's Currency Reserves and convert those funds into Euros, gold and silver! China was allegedly asked to withhold the announcement until Bullion Markets closed for the weekend to prevent an instant spike in gold and silver prices. This delay will give the world the weekend to consider appropriate actions rather than have a knee-jerk reaction which could see the U.S. Dollar totally collapse in value Monday. According to this Senior source, China told the U.S. delegation they no longer have faith in U.S. Currency for several reasons: 1) The Federal Reserve Bank ceased publishing "M3" data in March, making it nearly impossible for anyone to know how much cash is being printed. China said this act made it impossible to tell how much a Dollar is worth. 2) The U.S. Dollar has lost upwards of thirty percent (30%) of its value against other foreign currencies in the recent past, meaning China has lost almost $300 Billion simply by holding U.S. Dollars in its reserves. 3) The U.S. has no plans whatsoever to reduce deficit spending or ability pay down any of its existing debt without printing money to pay it off.

[shiester]

Can you give the source for this news release. TIA I would like to see the source as such an act is hard to believe.

[rainbow1010]

I do not know how reputable this site is but here is a link from the source of the article. So far this is the only site I have been able to find with any reportings on the topic so take for what it is worth, I have the same opinion as you shiester. https://www.halturnershow.com/ChinaToDumpUSDollars.html

[r2j316]

Here's another interesting one. U.S. dollar facing imminent collapse? Fed in bind as Paulsen, Bernanke head to China Posted: December 10, 2006 5:38 p.m. Eastern By Jerome R. Corsi © 2006 WorldNetDaily.com Even as the stock market is hitting new record highs almost every day, the Federal Reserve and Treasury Department are quietly coordinating a devaluation of the dollar

[shiester]

If China did decide to move away from the US$$ they would not advertise the fact. They would slowly start selling into the market and do so over years not days. With all the US$$ China holds it would hurt them as much as anybody to dump all their US$$ on the market. While China and Japan are the two largest investors in US $$ they both want to maintain there current trade programs with the US and

[ProTicker]

This is stuff I have been warning about for 4 years now. No longer reporting M3 is another criminal act and it will be rewarded. This counrty needs more than a waking. It will end ugly I am expecting. Buy Gold Buy Silver , energy . I own this stock aS well. Cheers proTicker