Wednesday, April 7, 2010

Yuan And Dollar




There are a few things Geithner should remember as he meets with the Chinese. The first is that it is counterproductive to bark at your Banker. The second is that it is unreasonable to expect the Chinese to subsidize our national debt and inflationary policies. To adjust the yuan to the falling dollar is something the Chinese aren't going to do and in fact they seem to be putting some distance between themselves and the dollar by buying less t bills and spending dollars to advance their ambitions in South East Asia and Africa. They would be foolish indeed to give an honest appraisal of the dollars future in that they are stuck with so many of them. The future of the dollar is clear in the Goya painting attached and in the Segment of the 6:01 News w Misters Drip And Drop that follows. For more on current events in the form of editorial cartoons go to http://www.saintpeterii.com/

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