Sunday, January 08, 2006

Turbulent air ahead

I received a link this morning from a friend. The link leads to a messageboard thread that discusses China's plans to depeg the yuan from the dollar and diversify its foreign capital reserves.

The messageboard is a haven for survivalist types who make sure they have plenty of weaponry available for when as they say TSHTF, etc. They tend to be rather pessimistic.

But knowing myself just how dependent the United States is on foreign governments financing its debt... To be honest, I'm feeling a bit anxious about this this morning.

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