Comments on: The Death Of The Mighty Dollar

By: EN

EN — Wed, 25 Mar 2009 21:27:19 +0000

Bill Lind has a great article about the little dust up over our spy ship last week. It’s worth reading the entire article and thinking of it in relation to our need for Chinese production, loans and stability. Here’s a taste:

http://www.d-n-i.net/dni/2009/03/23/on-war-297-tactics-over-strategy-again/
“to say the U.S. Navy’s actions were legal is not the same as saying they were strategically wise. On the contrary, the incident looks like another case of elevating tactics over strategy, on the part of both the U.S. and China.”

By: Werner Patels

Werner Patels — Wed, 25 Mar 2009 20:04:01 +0000

I think it was just a matter of time. Look at Canada: our conservative prime minister has done his best to contain and shun China, yet the left always keeps poking him in the eye, saying that shunning China is a big mistake for Canada.

The fact is that China is what it is, despite its appearance of acting within the confines of a capitalist marketplace. Commies are commies, and there’s no two ways about that!

By: Myron Pauli

Myron Pauli — Wed, 25 Mar 2009 03:47:14 +0000

GOLD?? – or a mixed basket of gold, silver, oil, bushels if wheat, sugar cane, copper, coffee beans… ? If the currency cannot be converted, it will most likely get corrupted as the political pressure to bailout country X or bank Y will eventually overwhelm the system. In fact, is the IMF any better than a UN-type version of the Federal Reserve? By the way, China can always revalue its currency but it would lose exports – so it subsidizes cheap goods in America to keep the several hundred million urban dwellers employed at relatively depressed wages.