Does anyone seriously seriously think anyone would peg their currency to China's or to the Euro? If so, there better be some damn good reasons outside of the U.S. economy is crap, because that's on a global scale...
Disliked....word on the street changes depending on which corner you standing on.
Maybe China would like to see the US continue to monetize its debt. The eventual result will be the destruction of the USD as the reserve currency. China will keep on buying Treasuries at whatever cost with this ultimate goal in mind.
Take a look around the junkyard & tell me what are the two and only two junkyard dogs? Them dudes bound to rumble sooner or later, one way or another.Ignored
In Charts We Trust!