"China, Saudi Arabia and other big foreign holders are unlikely to take antidollar measures precisely because they own so much U.S. debt. To the extent the dollar declines, so does the value of those nations' holdings. Mr. Summers calls this situation 'the financial balance of terror.'"
One Thing You Cannot Accuse The US Of …
Fraud …They have been open.
Ben Bernake was clear and upfront. He said he was going to print money …
He was also clear that he is not going to reveal how much money he was going to print …
And now Lawrence Summers has clearly defined the US strategy also.
You still want to be invested in the US dollar?
Announcement
The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping - and unprepared. But, not 2ndlook - who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.
Posts
No comments:
Post a Comment