NY Times Article on the Dollar

Dollar falls as concern grows over the economy

"Analysts said that the dollar’s drop today reflected a growing anxiety over Chinese economic policy. China’s central bank holds a large amount of American currency, and speculation has intensified recently that it could begin selling off dollars to avoid being burned if the dollar collapses."

Lets attempt to read between the lines here. Most importantly, this is the New York Times casually mentioning the possibility of the dollar collapsing. What is also funny is the circular argument used.

Why did the dollar drop?
Because the Chinese are anxious.

Why are the Chinese anxious?
Because they don't want to get burned if the dollar drops.

Sounds to me like the solution is just to give those Chinese some xanax.
(and if that doesn't work maybe investing in some gold wouldn't be a bad idea. I remember the days when an oz of KB cost more than an oz of AU. Today gold is 639 per/oz and if I had any money that is where I would put it)

France in vigilance plea on falling dollar