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RE: China Delivers Knockout Blow to Petrodollar.
Would I be right in saying if interest rate goes up that would not be Feds short term interest rate but the market.
Do you think it would send fear and sudden selling in the stock markets all over the world but more so the US. China becoming the world reserve currency would send shock wave around the world, but not the bankers or the fed.
@keela Yes by interest rates going up I mean more the longer term rates that the Fed does not control.