Over at When Giants Fall, Michael Panzner discusses China's dilemma: if China stops buying dollars/Treasuries, the value of their existing immense hoard of dollars/Treasuries will collapse.
I've been coming around to the view that the Chinese don't care about a future dollar collapse.
They are using the strong U.S. consumer to finance the development of a domestic middle class, a huge infrastructure build-out, and stockpiles of commodities as high as they can pile them.
If they get all that from propping up the dollar now, do they really care if a few trillion dollars are devalued five years from now?
Seems to me watching $4 trillion implode is all part of the plan.
Subscribe to: Post Comments (Atom)
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ...
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...
Maybe teaching racial division and hatred wasn't such a good idea after all
Doctor cycling in California run down, stabbed by driver screaming about ‘white privilege’ : A doctor cycling along the Pacific Coast Highwa...
Post a Comment