Thursday, November 11, 2010
Who's Getting the Bone?
Don't worry, the title is in reference to money being the dog's lunch, a bone. The dog in my opinion is China. They are going nuts because of QE 2. For many years now, the Chinese have been given affirmative action help in order to grow their economy. The yuan is worth so very much more than it's official price. Again for years now they have been taking over manufacturing for all of the things we used to make. So as the USA lost market shares to the Chinese we lost jobs as well. QE2 MAY BE A BARGAINING CHIP TO GET THE REST OF THE WORLD'S HANDS OUT OF THE COOKIE JAR. I have no way to prove it, but we have been trying to get China to play fair for a long time, and they just won't do it. They are the dog, they've got the bone and they'll fight to keep it. We are left to play a game of chicken, basically telling the world,"if we go down, we're taking you with us. Play nice or we all get spanked.
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