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Quote by Michelle Waterson

“Martial arts was something that I wanted to do for the rest of my life, and I wasn't getting what I needed from college. When I realized that I could fight for money and have it be part of my learning experience as a martial artist, it made perfect sense for me to dive into fighting.”

Quote by Michelle Waterson

Author

Michelle Waterson
Michelle Waterson

Born on January 6, 1986, Michelle Waterson is a renowned mixed martial artist. She has achieved significant success in the MMA realm, known for her exceptional skills and unwavering spirit on the cage. more

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“China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.”

“The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is when China shifted from having almost 100 percent of its reserves in dollars to 75 percent. Some countries went completely out of the dollar. The dollar, for all intents and purposes, lost its special reserve status and people starting talking about a portfolio, or basket, approach as a store of wealth instead of the dollar.”

“China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.”