Unfortunately CNBC chose to pass along this now obvious propaganda from Reuters. Apparently Reuters missed the part where the Chinese told the Frankish and German coup's paper pushers to show them the money and refused to help them.
The U.S. dollar's thrashing on Thursday after a last-minute European deal to contain the debt crisis may have sealed the currency's fate.
And it is all downhill from here.
The European agreement, which involves a 50 percent write-down of Greek debt and boosting the euro zone's bailout fund to as much as 1 trillion euros, has averted a collapse in Europe and spurred a rush to risky currencies and assets once again at the expense of the dollar.
There is no agreement. For there to be an agreement, there would have to be money to fund it and not more propaganda to manipulate more profit taking in the markets based on hot air exuberance.
SPQR
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