To: 4rcane
I loved this line:
“5) Dropping the dollar peg will make the yuan a major reserve currency. That means lower interests rates in China as foreign central banks build up yuan reserves.”
I mean who wouldn’t want to hold the notes backed by full faith and credit of a repressive fascist regime.
8 posted on
03/15/2009 7:56:45 PM PDT by
bluejay
To: bluejay
Very good point ~ given the choice between holding milled Spanish dollars or German silver (in the early 1800s) the young United States government prayed for the discovery of its own gold supply!
In the meantime banks printed their own bank notes.
10 posted on
03/15/2009 7:59:19 PM PDT by
muawiyah
To: bluejay
I mean who wouldn’t want to hold the notes backed by full faith and credit of a repressive fascist regime. Theirs or ours?
26 posted on
03/15/2009 8:32:19 PM PDT by
OrangeHoof
(YES WE CAN have a Depression.)
To: bluejay
I mean who wouldn’t want to hold the notes backed by full faith and credit of a repressive fascist regime.Right now (in early 2009) it's obvious that you mean China.
In two years things may be more ambiguous :0(
45 posted on
03/16/2009 5:26:02 AM PDT by
agere_contra
(So ... where's the birth certificate?)
To: bluejay
I mean who wouldn’t want to hold the notes backed by full faith and credit of a repressive fascist regime.
Have you looked at Obowelmovement and Congress lately?
59 posted on
03/18/2009 12:48:12 PM PDT by
PA Engineer
(Liberate America from the occupation media.)
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