Nigeria plans to convert 10% of its reserve from American dollars to Chinese yuan.
“Confidence in China doesn’t mean lack of confidence in America. Europe and America will continue to be important parts of the world. Having said that, it will be almost living in a dream world to ignore China. It’s the second- largest economy in the world and it’s well-managed.”
The jig is up my friends. Ask yourself — why does the world’s largest CREDITOR nation have the best credit rating? Without solving the health care problem, what is our long term future? I’m not even saying President Obama and the Democrats have it 100% right. But the head in the sand approach won’t cut it any longer.