China hints staying with the Dollar $

[Guest Tony n Terrific]

http://news.yahoo.com/s/nm/20091204/bs_nm/...nomy_reserves_1

[b.c]

I am sure this has cost us something in backdoor negotiation.

 

Also, it states that the percentage allotment of currencies have remained about the same, but it doesn't mention anything about commodities. I believe they are putting a higher allocation of their reserves in some commodities, which by default would be helping to lower their exposure to the dollar in some degree.

[TLB]

And there's this:

 

"China should enact a property tax "at a suitable time" and assess additional taxes on second and third homes to limit speculation, Ding Yifan, a researcher at the Development Research Center under the cabinet, wrote in the China Daily."

[Guest Tony n Terrific]

And there's this:

 

"China should enact a property tax "at a suitable time" and assess additional taxes on second and third homes to limit speculation, Ding Yifan, a researcher at the Development Research Center under the cabinet, wrote in the China Daily."

If China does this it will kill the goose that lays the golden egg. Look at our high tax states. Stagnation, high crime rates and loss of industry.