China Announces That It Is Going To Stop Stockpiling U.S. Dollars

November 21 2013 China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. ...


November 21 2013

China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is "no longer in China’s favor to accumulate foreign-exchange reserves". During the third quarter of 2013, China's foreign-exchange reserves were valued at approximately $3.66 trillion. And of course the biggest chunk of that was made up of U.S. dollars.

From The Economic Collapse

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