UH OH (CONT’D): China alarmed by US money printing. “The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.”

Plus this: “‘He who goes borrowing, goes sorrowing,’ said Mr Cheng. It was a quote from US founding father Benjamin Franklin.” Well, this country is no longer run according to the founders’ principles. . . .

UPDATE: Gold May Advance Toward $1,000 as Weakening Dollar Spurs Demand.