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Ashton
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Username: Ashton

Post Number: 9368
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Wednesday, November 24, 2010 - 09:57 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Kimura:

It is just a way to attract more investors from hongkong anukuntunna.. does not mean they are dropping dollar as a currency of use.. As long as they exist in the US they will be using dollar...




Who knows? They might have plans to dump the US currency in future to attract the hongkong and chinese investors as US economy is in shambles.
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Kimura
Junior Artist
Username: Kimura

Post Number: 799
Registered: 07-2010
Posted From: 151.151.16.22

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Posted on Wednesday, November 24, 2010 - 09:48 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

It is just a way to attract more investors from hongkong anukuntunna.. does not mean they are dropping dollar as a currency of use.. As long as they exist in the US they will be using dollar...
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Ashton
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Username: Ashton

Post Number: 9362
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Wednesday, November 24, 2010 - 08:33 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

forgot the link

http://www.cnbc.com/id/40350492
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Ashton
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Username: Ashton

Post Number: 9360
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Wednesday, November 24, 2010 - 08:27 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Caterpillar, the US-based manufacturer of earth-moving equipment, is marketing a two-year 1 billion renminbi bond to institutional investors in Hong Kong, becoming the first foreign industrial multinational to issue debt in the Chinese currency.


MEANING CATERPILLAR IS DROPPING THE US DOLLAR!WTF?????

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