Disliked3rd.
They'll sell cable and fiber to push $ higher.
When faith in $ returns , they'll quietly start selling their $ reserves...Ignored
Hi raczekfx,
Exactly.
They have control of the USD by means of their $Trillion of debt owed by the US government to China. The increasing US debt is the same as "buying" the USD.
However, the $200 Billion can be used to sell the Euro (and to a lesser degree, the GBP and other less important currencies). The investment fund is to get control of the Euro. (they already have de facto contol of the US dollar....). They will then buy it back later and make their profits....then do it all over again.
They now have the financial firepower to do it for as long as it wants...and use it to get concessions from all other countries, but primarily the US and European Community
They are going to manipulate the currency markets using this monsterous investment fund. If it needs more money, the China government will give it another $500 Billion and not even flinch!!!
The elephant is in the China shop !!! (pun intended).
.