The FT published a brilliant article on Monday (May 25) entitled, “Beijing is caught in ‘trap’ over dollar.” The article suggests the world’s fastest growing economy has placed too much of its hard-won cash reserves in the U.S. debt market and, as a result, has locked itself into a bit of a jam. As the [...]
Posted on May 26th, 2009 under Apocolypse, BRIC, Beijing, Budget, China, Communism, Depression, Emerging Markets, Exit Plan, Federal Reserve, Global Policeman, Global Poverty, Globalizm, Gold, Gold Standard, Great Depression, IMF, Insolvent, Lou Ping, Multipolar, National Debt, Obama, Oval Office, Spending, Stock Market, Sub-Prime, São Paulo Forum, Taxation, Trade Deficit, U.S., UN, US Dollar, US Treasury Bonds, Unilateralism, Unipolar, United Nations, WTO, World Trade, de Gaulle, debt, economy. Comments: None
