China alarmed by US money printing
Submitted by NeoConned on Mon, 09/07/2009 - 07:48
"The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy."
http://www.telegraph.co.uk/finance/economics/6146957/China-a...
Combine that with:
http://www.dailypaul.com/node/105915
and it looks to be some painful times ahead unless Barry decides to switch course and cut spending/taxes. Something tells me that's not anywhere even remotely on the horizon :)
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great find
Thank you for posting.
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Will Japan Dump Next
With the new elections in Japan the new party in charge seems to be less willing to fund our way of life here.
Also what ever happened to the story about the bonds on the Italy - Switzerland border.
The bonds I think wound up
The bonds I think wound up being forgeries. Don't know much else past that. I do think Japan is going to ask our military to leave. Not sure what they'll do bond wise.
Wow
"'Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets,' he added."