OK ...
here it is ..... a place to invest in candidate futures.
I KNEW there was a way to make money off of politics.
At the same time the Communist Party of China is proposing to crash the US dollar by calling in the debt it owns.
And Goldie wants the Fed to lower rates to make more money available to bail people out of the housing market crash.
AIN'T CAPITALISM GRAND?
2 comments:
Interesting article. Thanks.
Let me think about what happens if they do that.
jsa on commercial drive
Actually, I do not think they can. In order to sell off the dollar, China would in effect be stealing fro itself as its dollars would then be devalued, EFFECIVELY raising the relative value of the yuan.
I suppose if they were very sophisticated they might do something worse and that is make an effort to manage the dollar market.
By announcing long term plans in re dollars, they could hurt us but this too amounts to devalueing their yuan.
Isn't there an old line about being owned by anyone you lend to?
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