Belmont Club

By Richard Fernandez

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The circle closes

October 6, 2008 - 3:10 pm - by Richard Fernandez
Hope Muntz
2008-10-06 16:00:22

Ron Hardin is correct. All the US Treasury has to do is to keep printing dollars. The way the EU monetary system is constructed, it may very well collapse next week, triggering even more massive purchases of the dollar against the Euro. Each such purchase makes the Chinese holdings more worthless. However, if those T-Bills get dumped, it will affect the bond market just as the stock market is currently affected.