Thursday, June 25, 2009

China Goes Shopping with Fists Full of US$

China is buying hard assets everywhere - what will be very interesting to see if when China comes shopping in the US - buying real estate, farmland, industrial capacity, technology, big corporations - whether the US will allow those purchases or deny them based on 'strategic' reasons like the denied Continental Oil bid of several years ago. I wouldn't want to be the US official that has to say to China "your US dollars are no good in the USA"...

If China buys Canadian assets with US dollars, we'd better turn those dollars around real fast - get them back out the door again before they drop in value.

LOL - holding US dollars will eventually become like a game of hot potato - who'll get burned holding them? LOL

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