Absolutely right, Bob. There is nothing like a bit of inflation to ease
the debt burden. As for the general China angst, I am an occasional
blogger on non-photo issues, and pontificated on this very topic not too
long ago:
http://nathansmusings.wordpress.com/2010/12/25/the-decline-of-the-west-again/
Cheers,
Nathan
Op Ma, 8 oktober, 2012 17:02, schreef Bob Whitmire:
> Well, it wasn't that long ago when you could have substituted Tokyo for
> Peking (do we call it that anymore?). And there was a time when you could
> have substituted London, and Paris. I think it's a rare genius of a
> country that can live for so long on other people's money. <g>
>
> --Bob
>
>
> On Oct 6, 2012, at 8:51 PM, John Hudson wrote:
>
>> Meanwhile the US is living WAY WAY beyond its means but is being saved
>> because Peking is endlessly willingness to invest in Ben Bernanke's
>> Treasury
>> bills! Wait for the moment when the Middle Kingdom calls the tune. Dr
>> Wajsman will explain :-)
>
> --
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Nathan Wajsman
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