China alarmed by US money printing(china to buy gold)

.telegraph.co.uk/finance ^ | 06 Sep 2009 | Ambrose Evans-Pritchard,

[Americaneedsyoou]

China alarmed by US money printing The US Federal Reserve's policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy

By Comment on this article Working for the Yankee dollar: Beijing is said to be dismayed by the Fed's recourse to 'credit easing' Photo: Reuters Cheng Siwei, former vice-chairman of the Standing Committee and now head of China's green energy drive, said Beijing was dismayed by the Fed's recourse to "credit easing". "We hope there will be a change in monetary policy as soon as they have positive growth again,"

[REDWOOD99]

“Mendelbaum, Mendelbaum!”

[MichiganConservative]

The Chinese are going to dump the dollar. I bet when the hyperinflation comes, people will still call you crazy for buying gold, silver, food, and ammunition while they buy a loaf of bread for $1000 or more.

Try to come steal some of my stash and I might just use up some of that last on you.

[ding_dong_daddy_from_dumas]

See also Bloomberg: Gold May Advance Toward $1,000 as Weakening Dollar Spurs Demand