Beijing is caught in 'trap' over dollar
They have so much friggin' money that they can only invest in things that have almost infinite supply. At the top of that list would be U.S. debt.
Seems to me only a matter of time before they go on a real estate binge. Africa has resources and can be picked up on the cheap. Why not snap up some Indonesian islands, too? And California has hundreds of miles of coastline that would make a nice vacation spot for party leaders. If you wanted to snap up California, though, you'd crash the dollar first to make it even cheaper. And who holds enough U.S. currency and debt to crash the dollar?
Subscribe to:
Post Comments (Atom)
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
Gavin Newsom's executive order contradicts his public statements
Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...
No comments:
Post a Comment