CHINA'S DOLLAR MILLSTONE

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cat233's picture
cat233
Status: Platinum Member (Offline)
Joined: Aug 20 2008
Posts: 575
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
GR8TFUL's picture
GR8TFUL
Status: Bronze Member (Offline)
Joined: Oct 13 2008
Posts: 79
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?

 

cat233's picture
cat233
Status: Platinum Member (Offline)
Joined: Aug 20 2008
Posts: 575
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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