US gambles freedom on risky printing press policySubmitted by ruralminnesota on Wed, 02/04/2009 - 19:20
This could be it... This worries me more than anything else right now...
US gambles freedom on risky printing press policy
February 5, 2009
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The end of an unwritten, 15-year-old agreement brings great uncertainty.
IS THE US not just thinking but doing the unthinkable? Is the assumption that has underpinned the world economy since China emerged as the new and great Asian powerhouse and the buyer of US Treasuries over?
Do the actions of the US in repeatedly accusing China of currency manipulation and enacting protectionist policies represent a deliberate move to press the economic nuclear button and bring on "mutual assured destruction" (MAD) of the 15-year arrangement whereby China provided the US with cheap consumer goods and purchased US securities and Treasury bonds to prevent America's financial collapse?