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China making a actual dollar dumping policy wouldn't be in thier interests (yet) but they could easily start a run on the dollar and a dollar collapse.. That in turn would lead to wiemar like hyperinflation and a global financial crisis.
Every time fiat currency has been tried in the history of civilization it has ended in hyper inflation as governments printed it to nothing.. Every time !!! People dont seem to recognize that fact. The current experiment with non backed by gold currency is only 35 something years old.. Then look at the size of the derivitive markets money chasing money..
Is a complete major event likely.. I dont think its probable but its getting lots and lots more possible.
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