In article <fnjDj.6304$7d1.2933@[EMAIL PROTECTED]
>, Dan Bloomquist
<public21@[EMAIL PROTECTED]
> wrote:
> CharlesLiu wrote:
> > On Mar 16, 2:21 pm, Dan Bloomquist <publi...@[EMAIL PROTECTED]
> wrote:
>
> >> Monetary deflation is the shrinking of the money supply. Usually
> >> accompanied by asset, (housing and stocks), deflation. Which had been
> >> created by excessive debt, (especially non performing). The levels of
> >> which are greater now than the 30s. (Total debt to gdp.)
> >>
> >> Commodity inflation affects the cost of living. A difficult thing to
> >> deal with as credit markets tighten.
> >>
> >> Watching the Fed deal with it, priceless...
> >
> > Instead of looking at our deficit, our policy makers have choosen to
> > blame China. Why do you think we are sending people to Indian borders
> > to indicte Tibetan unrest, giving money to Falun Gong to promote anti-
> > Chinese hysteria domestically?
>
> We have a stick in just about every nation with unrest. But I've said
> before that 'they' see China as the boggy man. And the the ME is just a
> pawn in the game. (They have a resource that both East and West want.)
> >
> > It's the old ma'sas "beating the slaves" mentality. This way the
> > Chinese will not dare stop working themselves to the bones, sell us
> > stuff cheap, and turn around buying our worhless T-bill.
>
> It is kind of a mystery to me why China fell so badly for it. But that
> they figured they could gain enough economic momentum from their growth
> to break free. Trouble is, it is not so simple today as they may have
> planned. I don't know, I have not found enough information.
>
> > Think about, if we don't keep them down and in-line, imagine they
> > recall the debt...
>
> Two edged sword. To gain clout in dollar holdings, they had to sell
> their soul. And if they tried to dump their dollar reserves, why would
> their fiat currency buy oil any more than ours? What do they have that
> the ME wants?
>
> Henry C. Liu has written much on the subject of China breaking the
chains.
> http://www.henryckliu.com/
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SUPPOSE THAT THE U.S. DID GO "BANKRUPT" AND BECOME UNWILLING/UNABLE TO
PAY ITS DUE OBLIGATONS. WHO WOULD BECOME THE "RECEIVER" AND DISTRIBUTE
THE U.S. ASSETS? WHO WOULD "ENFORCE" PAYMENT?
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