Friday, March 13, 2009

China Pressures US: Take Your Pick --- Depression or Hyperinflation

China’s Wen ‘Worried’ on Safety of Treasuries, Seeks Assurances -

Click through and read the short article, but be sure you're sitting down first.

“China is worried that the U.S. may solve its problems by printing money, which will stoke inflation,” said Zhao Qingming, a Beijing-based analyst at China Construction Bank Corp., the country’s second-biggest lender. “If the U.S. can make sure this won’t happen, then China will continue to invest.”

No comments: