Dollar Devaluation: What Isn't Being Reported

Again, we hear about an imminent dollar devaluation. All of the below is news to many Americans as it has not been reported here. This event could be inclusive of the sale of public assets. In the italicized portion below notice the choice of wording using "limited" as opposed to "avoided" when speaking about a devaluation.

Fading Europe Aids China's US Ties
By Francesco Sisci

China, America’s largest creditor with almost US$2.2 trillion of reserves, has the largest say among foreign countries in the destiny of the greenback. In America, many economists reckon that a devaluation of the dollar could improve the overall balance of banks and credit institutions and could help the country to get out of its present financial crisis.

China is scared of a possible dollar devaluation, which would devalue its dollar-denominated assets. However, even this possibly major source of friction can be avoided. In almost-bankrupt California, Republican senatorial candidate Bill Mundell says that dollar devaluation could be limited if the state were to privatize public assets to replenish its coffers. This plan could be extended nationwide and help turn around the crisis, argues Mundell - something that would be welcomed by China and could draw the two countries even closer together.

Read More Here: http://www.atimes.com/atimes/China/KH06Ad01.html