Friday, March 13, 2009

I have a question

posted by The Vidiot @ 7:06 PM Permalink

What if you're a big country that holds lots and lots of US dollars, say, oh, I dunno, big like China. And you're thinking that, hmmmm, maybe the dollar isn't the greatest investment right now.
China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending.
So what would be the typical response of the US?
The U.S. Navy has dispatched a guided-missile destroyer to the South China Sea after Chinese ships allegedly harassed an American ship operating there last weekend, a Pentagon official said yesterday.

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At 8:14 PM, Blogger The Sailor said...

Maybe issuing more Yuan was their solution, but just like the rest of the world, they bought what turned out to be bad debts. (Gosh, what a surprise!)

We're all in the same boat, a leaky boat, that can hopefully be resolved.

OTOH, maybe it's really time for all the workers of the world to unite. It's not like 'workers' can do worse than 'experts.'

But I'll always keep in mind "Under capitalism one person exploits another person, and under communism it's just the opposite."


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