Tuesday, September 8, 2009

Good article on U.S. dollar's dropping as G-20: "China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time" - Jesse's Café Américain

Here's a good article, China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time, at Jesse's Café Américain, http://jessescrossroadscafe.blogspot.com/2009/09/china-admonishes-us-monetization-see.html. A quick quote but you'll want to read the full article:
"China is saying many things that are true.

They are also omitting many things that are key to the cause of our financial problems. They bought the silence of a succession of US political administrations over their blatant currency manipulation in support of trade subsidies, including the outright contributions to Clinton and Gore, and the cronyism with Bush.

China is a significant part of the problem, and like so many dogs that Wall Street helps to set up to further their gains, this one refuses to wag its tail on command.

The blowback on the US dollar will be significant."

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