Since the introduction of the Euro the Dollar has lost almost a quarter of it’s value. George Bush’s terrible trade politics and the war based on mostly foreign credit is responsible for the weakness.

Now China - who has huge reserves and has bought many US government bonds - is sounding the alarm. After all: the US are China’s biggest customer. But a weak dollar means less income and profit for the Chinese economy. And  China hardly is interested to follow the fall of the Dollar - especially since petrol is still paid in Dollars.

Several times now China has warned the US Government to bolster the weak Dollar - but America has reacted with an ignorant sneer so far.

If China would retreat from the Dollar it would have enormous consequences for the US. But this would be a home made fiasco.