China’s Reserve Strategy
Posted by WARREN MOSLER on May 12th, 2009
(email exchange)
>
> On Tue, May 12, 2009 at 11:22 AM, J A Kregel wrote:
>
> And you can add to this the undeclared policy (confirmed to me last week) that
> Chinese reserve diversification to hedge dollar exposure will be primarily in
> stockpiling natural resources, not currency diversification
>
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May 12th, 2009 at 2:33 pm
That actually makes sense for them… amazing, someone’s finally using their heads. Too bad it’s not us.
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May 12th, 2009 at 8:15 pm
Vipul, you are SO wrong bro. We have the best crop land in the WORLD, and we are going to legalize drugs. I can see the banks making loans for pot farms all over the country. Opium production was way down in afghanistan until we sent our troops in, now it is WAY up. We also have many ties to the columbian drug lords and the cocaine. I don’t give a DAMN how much copper and steel china has, if we have all the dope, opium, and cocaine, and the military to enforce its supervision and distribution, guess who has the REAL power in this world?
I have seen drug gangs come into towns and take over the judges, police, bankers, churches, they RULE. Anyone they can’t corrupt they kill.
I have seen guys lay 5K in front of a girl like spitzer did and she wouldn’t give a BJ and laughed the dude out of the club, but one crack rock or a few lines of cocaine and that chickenhead starts bobbing.
The worlds supplier of drugs, legal and illegal, will control any hoarder of other natural resources long term.
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