"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Mother of All Bells
Submitted by Robert Fredericks on Sat, 2009-03-21 17:00
in
?When the Treasury sells bonds to China , no new dollars are printed. Instead, China prints yuan which it then uses to buy treasurers. This effectively allows America to export its inflation to China . However, now that we will be printing the money ourselves, the full inflationary impact will fall directly on us.?
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