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CHINA’S DOLLAR MILLSTONE

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  • Thu, Dec 18, 2008 - 01:14pm

    #1

    cat233

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    CHINA’S DOLLAR MILLSTONE

CHINA’S DOLLAR MILLSTONE
Restoring China’s national destiny
Different nations profess different destinies at different stages of their history, be it the Ottoman dominion’s to maintain peace or that of the US to expand into Central America and the Pacific. Until China realizes that export based on low wages is a self-diminishing strategy, the country’s destiny to be restored to its rightful position in the world will be held back. – Henry C K Liu (Dec 15,’08)
This is the fifth part of a continuing series
Part 1: Breaking free from dollar hegemony
Part 2: Developing China with sovereign credit
Part 3: History of monetary imperialism
Part 4: Gold, manipulation and domination
  • Thu, Dec 18, 2008 - 04:10pm

    #2
    GR8TFUL

    GR8TFUL

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    Joined: Oct 14 2008

    Posts: 61

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    Re: CHINA’S DOLLAR MILLSTONE

Wow, that looked interesting . . . could someone smarter than me (that would be most of you) post a summary / cliff note version of that article?

 

  • Thu, Dec 18, 2008 - 04:43pm

    #3

    cat233

    Status Silver Member (Offline)

    Joined: Aug 21 2008

    Posts: 168

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    Re: CHINA’S DOLLAR MILLSTONE

If you are interested in other articles Henry Liu has written, here is his site… http://www.henryckliu.com/  He certainly knows what he is talking about, he has seen this mess coming for years.
Cat
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