China: Report buying of US debt might stop is 'fake news'

Posted by  $  nickursis 9 months, 1 week ago to Government
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Hmm, see how powerful media is today? Just say it, it must be true. The US went a few billion more in the hole on a rumor. Although with China, they play rough and it may have been deliberate to show Trump who is who....

http://www.businessinsider.com/china-...
SOURCE URL: http://abcnews.go.com/Business/wireStory/china-report-buying-us-debt-stop-fake-news-52276074


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  • Posted by  $  Olduglycarl 9 months, 1 week ago
    If true, then our treasuries, the dollar, is backing the value of the yuan?
    Seems our "Dollar" is like gold to them...even though they are just fake digits now days. We might as well call the Dollar a cryptocurrency.
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    • Posted by  $  9 months, 1 week ago
      That is true of ALL currencies at this point, and is one of the reasons why there are hundreds of "crypto currencies" now. I mean, all you need is some weird selling point to get validity, or even just notoriety.I do not believe there is anything left that actually has real metal backing it anymore. I am anticipating the next piece of brilliance from the world government "a financial reset to reset all currencies to 10% of their current value and reduce all debt by the same margin" or something silly. Just erase it, and it never exists.
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