[EcoPolitical] China is Alarmed

[SteamWake]

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

http://www.telegraph.co.uk/finance/e...-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/5...ling-above-12t

ps; Title was meant to read [Econ/Political] oh well.