Commentary on Political Economy

Monday 8 August 2011

The WSJ Agrees With Us on China!

This story just appeared in the WSJ - insightfully mirroring what we have said below about the "ulterior purpose" of the Chinese dictators in "upbraiding" the US on the S&P downgrade!!
As the article argues correctly, the Fed is forcing the Chinese Politburo to face out-of-control inflation and also "questions about how it allowed" such a massive transfer of "wealth" from its own people (workers) into the US coffers, which is now being whittled away in fast-devalued dollars!!
Here is the story:

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