Jesse's Café Américain Sun 2009-09-13 10:37 EDT

China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time

Ambrose Evans-Pritchard via Jesse

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 Cheng Siwei, a top member of the Communist hierarchy...The blowback on the US dollar will be significant. Dollar losing reserve currency status.

China admonished; Dollar; Hard Fall; Jesse's Café Américain; monetize; see; Time.

Fri 2008-04-11 00:00 EDT

naked capitalism: China's Foreign Reserve Increases Accelerate Despite Yuan Appreciation

"Having become a service economy and sent so much manufacturing overseas, a cheap dollar may not produce the benefits the US hoped to achieve."

China's Foreign Reserve Increases Accelerate; naked capitalism; Yuan Appreciation.