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Clo> China needs America to continue buying their crap or they are up the creek.
Zim: Nope. We have to buy Chinese schlock a lot
more than they need U.S. to buy it. (We no longer
have the capability to make stuff we once did.)
Faul> All the China Russian energy deals do not involve the petrodollar........i wonder why?
Zim: Probably because nobody really trusts anyone
else's currency. With the U.S. dollar . . . as bad
as we have been with 'printing it' . . . there is
at least an illusion of U.S. servicing the debt.
China will say they want Gold to back the next
'global currency' . . . but what they really want is
for the next 'global currency' to be theirs with the
ability to print as much of it as they want.
Zim.
Mad Poet Strikes Again. |
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