Terrorists: Death squads

Post by **SonomaCat** » Fri Aug 05, 2005 4:54 pm

I don't know how much press it got outside of the financial news and bank foreign currency emails that I receive every day, but China did change its position relating to its currency (a huge news item for the fx markets), and instead of pegging its worth to the USD is now letting it trade freely within a limited range. It's thought that this is likely just a step before they finally let it float completely, thus finally playing a bit more fairly with the rest of the world.

The wildcard in all of this is how it will eventually impact the investing habits of both China and Japan in the US Treasuries. Thus far, their investment in our currency/economy has essentially allowed us to rack up huge debt without suffering significant inflation. I'm not one who thinks that our economy is going to melt down anytime soon, but the interplay in all of these various countries economies and politics definitely impacts us in ways that we aren't even aware.

Bleedinbluengold · Post by **Bleedinbluengold** » Mon Aug 08, 2005 1:14 pm

True - it would be the worst blood bath if China and Japan sold off their US Treasuries.

At least for the time being, US Treasuries are the least riskiest, wouldn't you say?

Terrorists: Death squads

would you support the US through the CIA or other orginazation carring out hits (ie death squads) in order to fight terrorists.