Tuesday, March 20, 2007

China To Stop Accumulating Foreign Reserves

Xiou Xioachuan, Chinese central bank governor, apparently read
Lauriston Letter's fun things to do with a Trillion in Reserves and got the message. He was humiliated by the fun that Lauriston poked. Xioachaun now says the Chinese government will stop accumulating foreign reserves!!! That could surely mean trouble for the dollar.

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