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Message: <blockquote data-quote="Idi Amin" data-source="post: 5675219" data-attributes="member: 133994">the chinese case is different my friend....the chinese are maintaining a very high foreign reserve in order to depreciate the Yuan...(One major reason for the chinese goods to be so cheap is this the Yuan is very cheap compared to the dollar..once the chinese start disposing the dollars the yuan will start appreciating..its not in the best interest of China to do that)...They hold a very big leverage now with the advent of the Euro......Countries like China japan and Saudi can shift to Euro...But its a chicken and egg situation for them the moment they start converting the values of their remaining dollar reserves are going to dwindle....but countries like Iran are now changing to Euro and Saudi is looking at converting their Petro Dollars to Petro Euros</blockquote>

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