US citizen lose faith in dollar

Is yuan become a king now?

I excerpt this article from Investment Watch. It tells us people of US didn't trust the capability of dollar in the future. It's quite worrying among them why US government is unable to secure their currency compare to China.

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Unlike the US, China is a protectionist global state and the US are suckers for greed and profit now. When Oil stops trading in US dollars then your going to see how cheap the US dollar will really become. One day the US may wake up and find a dollar is worth about half of what it was like stocks. Maybe thats why our embassies are urged to obtain as much foreign currencies as possible.

All this is a big game to them. You have the Chinese manipulating their currency. You have them still buying worthless US treasuries. And you have them bashing the US dollar.

Their strategy now is to bash the dollar, manipulate their currency to strengthen relative to the dollar and then buy up as much gold and land in the US as possible. Then we will officially become the USC (United States of China). We are already unofficially the US of C as most of the goods we purchase are manufactured there.

China is looking to convert $80BN directly into gold which has massive implications for the rest of their gold holdings which will more than offset losses in dollar value.

The Chinese are buying (with US Dollars) land, natural resources and safety nets so as not to spook the other dollar holders into a run for the exits dumping dollars. China is crafting carefully an unwind in dollar assets while pretending to still be on board with the US.