U.S. Treasury Hands Over Access of the Doomsday Printing Machine to Bank of Red ChinaSubmitted by Charleston Voice on Tue, 05/22/2012 - 16:32
May 22, 2012 D.Collins
The PBoC , or People’s Bank of China have become the main provider of global liquidity with its total assets topping 28 trillion yuan (about $4.5 trillion dollars). By comparison, the Federal Reserve’s balance sheet is a paltry $3.5 trillion dollars.
The PBoC has seen a 118 percent rise over the past five years in its balance sheet...