There is talk in the market that China may be contributing 700B EUR to the EFSF.

Very credible sources you use. Do you know what will happen to the dollar if the Chinese exchange USD for the equivalent of $700 Billion Euros. Oil will go to $200 dollars in a week. US house market will collapse. A world war may start.

The Chinese should stop playing silly games and let the EU be taken apart.
 
Quote from goodgoing:

Very credible sources you use. Do you know what will happen to the dollar if the Chinese exchange USD for the equivalent of $700 Billion Euros. Oil will go to $200 dollars in a week. US house market will collapse. A world war may start.

The Chinese should stop playing silly games and let the EU be taken apart.
More...

chinese will do it bit by bit. water torture stuff.

eu has many BRANDS. Chinse can put real face on their head - QUICKLY - by acquiring them.

only japs have credible brands as well. due to history jap brand may not be desirable for chinaman

still thinking how to play this.
 
It's been mis-quoted... The rumor, which in itself is highly suspect, was that China was going to contribute CNY 700bn, not €700bn.
 
Quote from goodgoing:

Very credible sources you use. Do you know what will happen to the dollar if the Chinese exchange USD for the equivalent of $700 Billion Euros. Oil will go to $200 dollars in a week. US house market will collapse. A world war may start.

The Chinese should stop playing silly games and let the EU be taken apart.
More...

China's foreign reserves are for maintenance of the USD peg, not for Europeans to take 3 hr lunch breaks, 2 months of paid holidays, retire at 50, universal healthcare and free tertiary education.

If this is in anyway true, then Obama should remind Hu what his priorities are.
 
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