Meltdown of the dollar underway as China turns away currency...

[Wakka]

Comments by China that it intends to move away from its reliance on the dollar triggered a sharp drop in the Dow Jones Industrial Average and heightened worldwide fears about the U.S. currency's stability. Chinese Central Bank Vice Director Xiu Jian said that his country is planning to shift much of its $1.4 trillion national currency reserve from dollars to more stable currencies, such as the euro or Canadian dollar. After these comments, the dollar fell to record lows relative to other currencies -- the lowest ever against the euro, the lowest in a generation against the British pound, and the lowest in 57 years against the Canadian dollar.http://www.naturalnews.com/023005.html

 

[Christina]

Wow how did I miss this story good catch Wakka they sure have kept this one quite

 

[HammerStone]

Well there is a rather obvious solution to this one - don't buy Chinese products. They need us absolutely as much as we need them, so two can play at that game so to speak.However, I think it's a case of preaching to the choir here, but we all know that this is just a part of the bigger action setting the stage.

 

[followerofchrist]

The dollar has been steadily declining since around November. I personally think it will continue to decline.