SteamWake
09-08-09, 09:56 AM
China alarmed by US money printing
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 a top member of the Communist hierarchy.
Frankly so am I :yep:
http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html
This wont help much either
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.
http://thehill.com/homenews/senate/57493-senate-must-raise-debt-ceiling-above-12t
ps; Title was meant to read [Econ/Political] oh well.
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 a top member of the Communist hierarchy.
Frankly so am I :yep:
http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html
This wont help much either
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.
http://thehill.com/homenews/senate/57493-senate-must-raise-debt-ceiling-above-12t
ps; Title was meant to read [Econ/Political] oh well.