Dollar Concerns & China

The Strength of Dollars Have Long Been Part of the “Pride of the Power” of the USA (which will be broken per Leviticus 26:19)

COGwriter

The US dollar is in the news in China:

Avoid Dollar `At All Costs,’ Investor Rogers Say

Bloomberg – June 30, 2008

Jim Rogers, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, said investors should steer clear of the dollar as the U.S. economy slows and favor commodities this year.

The dollar has slipped 7.7 percent against the euro and 5.9 percent versus the yen in 2008 as the Federal Reserve cut interest rates to stave off a U.S. recession. Oil prices have doubled in the past 12 months, while gold is up 44 percent.

Avoid the dollar “at all costs,” Rogers, chairman of Rogers Holdings, said in a speech in Shanghai today. “The best investments in 2008 are commodities and natural resources. Agricultural prices have much higher to go over the next decade. We have a shortage of everything, including seeds.” http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLr71mSZqOLI

Beijing voices new concerns on dollar

Financial Times, London – June 30, 2008

China voiced new concerns about the weakness of the dollar on Monday. Wen Jiabao, premier, said he hoped the US currency would “stabilise as soon as possible”.

Mr Wen, who was speaking to Condoleezza Rice, the visiting US secretary of state, also said he hoped the US subprime crisis would be overcome quickly, according to a statement released by the Chinese foreign ministry on Monday night. http://www.ft.com/cms/s/3eb4b722-46bd-11dd-876a-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F3eb4b722-46bd-11dd-876a-0000779fd2ac.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.ft.com%2Fworld&nclick_check=1

The US dollar will ultimately be worthless, but not yet. It is still not in the interest of the Chinese to dump their dollars yet.

But that time will come.

Two articles of possibly related interest may include:

Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When will the US dollar be worthless?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?