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echo: fidonews
to: BJRN FELTEN
from: WILFRED VAN VELZEN
date: 2017-08-28 17:49:00
subject: Re: Are the Chinese avoid

Hi Bj”rn,

On 2017-08-28 17:07:02, you wrote to All:

 BF> I buy a lot of electronic stuff on eBay. Most of it from China. And
 BF> it's dirt cheap. Usually with free shipping and, when on occasion not,
 BF> even the shipping is cheap -- a fraction of the cost to send e.g. a
 BF> parcel across Sweden even.

 BF> Lately I've discovered that the dollar price is no longer (as in the
 BF> last year or two) in USD that it used to be, but in CAD (Canadian
 BF> dollar) or even in AUD (Australian dollar).

That is smart of them, because the dolar has become cheaper compared to other
currencies.

 BF> Combined with the ongoing, massive purchase of gold(*) by the Chinese,
 BF> I wonder if they know something about what'll soon happen to the USD
 BF> that the rest of us are not told about.

China is also the biggest creditor for the US in state bonds. So if the dollar
becomes even cheaper, they would loose big on that.


Bye, Wilfred.

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