Jesse's Café Américain Sun 2009-09-13 10:37 EDT
China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time
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.