China's US Dollar reserve holdings approach $1 Trillion

financialexpress.com — As the US is caught up in its midterm elections, an ominous milestone is about to be reached in China, as their reserve bank holdings of US dollars quickly approach the $1 Trillion mark, eclipsing the US's own Federal Reserve holdings of $66B. In short, were China to sell off dollars to buy Euros or Yen, the US dollar's value would tank overnight. Oct 31, 2006 View in Crawl 4