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Credit Crisis
Ric dees
#1 Posted : Wednesday, April 01, 2009 8:14:00 PM
Rank: Member


Joined: 3/6/2008
Posts: 632

There have been 'rumours' going round the financial district here that the credit crisis is being caused by the US because China has been holding more than 60% of it's (US) Government Securities,hence they have created a situation where they will be devalued and China will be forced to sell them and in essence curb it's growth..seems to be working so far..On the contrary sounds plausible wouldn't put anything beyond the United States...Any one got wind of this!!

Heart is what separates the good from the great - Micheal Jordan.

The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.
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