26 Aug 2009

The bankrupt "American Dream"

What is the Fed's money printing press doing, in that case? Relying on the "chinks" not to call in their "chips"? Seems a fair bet. After all, it wouldn't be worth their while to answer this $1.4 trillion question... Trying to "preserve the value of China's US dollar holdings" seems, of course, a far cleverer option. "Without China's billion dollars a day, the United States could not keep its economy stable or spare the dollar from collapse." http://www.theatlantic.com/doc/200801/fallows-chinese-dollars.

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