Thursday, June 21, 2012
When You Have As Many Soon To Be Worthless Dollars As China Has What Would You Expect
SEE HERE As the NIC continues his destruction of the economic stability of the United States, fragile at best, China sees its tremendous investment in U.S. Treasuries and reserve currency going up in smoke. What to do? Well you can divest. You can agree with Japan that you'd use each others currencies for trading zeroing out the dollar as the middle man, and you can start buying whatever dollars will buy that has permanent value. Land ... yeah that's the ticket. Let's buy Toledo!
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