Why China is Dumping the Dollar
The chart towards the bottom of this article is very telling. I am hoping that many Americans are starting to understand that government reporting is a poor indicator of price inflation, that a better indicator are energy prices. I am hoping that many Americans are starting to understand that the Greek defaults matter to us because we through the Fed are bailing out the Euro via the overnight swap line (loans). That what used to be a race to the bottom between the Dollar the Euro now looks more like two cripples tied together at the ankles, committed to collapsing together.
Why China Is Dumping The Dollar – And Why You Should Read Up on the Weimar Republic | ZeroHedge:: www.zerohedge.com/contributed/2012-10-10/why-china…ublic