China warns that the west’s quantitative easing is inflationary

http://www.creditwritedowns.com/2009/05/china-warns-that-the-wests-quantitative-easing-is-inflationary.html ^

[FromLori]

Global central banks risk inflation, currency devaluation and a

[Thane_Banquo]

In other news, the sky is blue and dogs have fur.

[BenLurkin]

At least somebody is saying it.

[griswold3]

http://zerohedge.blogspot.com/2009/05/putting-it-all-into-perspective.html

[blam]

"At least somebody is saying it."

It won't matter...these guys have no choice and China will eventually take it in the shorts.

We'll go into a civil war almost overnight without this spending.

The Worst Case Scenario (Someone Has to Say It)

"... comprehensive debt relief via a devaluation of the dollar is even more likely. This would entail the government issuing one “new” dollar for some greater number of “old” dollars—thus reducing both debts and savings simultaneously. This would make for a clean slate a la Fight Club."

"As there are many more debtors than savers in the U.S., the vast majority would support devaluation. The Chinese and other foreign holders of our bonds would be screaming mad, but unable to do anything. Every country that has not found a way out of dollar-denominated reserve assets by 2012 will see its reserves eliminated."

[snip]