http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
If any one country could buck or has the leverage TO buck at the buck or because of the buck...is CHINA.
"China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets," it said.
Sounds like they're flexing their muscles.
China -- the United States' biggest creditor -- said Washington only had itself to blame for its plight and called for a new stable global reserve currency.
As mentioned before...the collapse of the dollar would undermine all fiat paper...and bring in D-money! China could begin the unraveling EASY! And if China thinks that collapsing the dollar would usher in what China wants, A NEW STABLE GLOBAL CURRENCY, they would cash in all their dollars.
"International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," Xinhua said.
Meaning....a global currency would also serve the purpose of ensuring no one individual nation would have the ability, whether deliberately or not, to manipulate world economy.
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