Quite recently, back in August I think, The Daily Stirrer, the publication that Little Nicky Machiavelli does most of his work for now, predicted the demise of the $US as China decided not to buy any more US Treasury bonds and to demand interest payments due on the $2trillion of US bonds they hold in gold bullion rather than cash.
Last week the United States suffered the indignity of having to stand by, powerless as small South East Asian nations including Malaysia, Singapore and Hong Kong (not acutally a nation but an autonomous province of China) had to step in and buy up billions of dollars that were flooding the world markets in order to protect the value of their own holdings.
Is this another example of the “change” Barack Obama promised?
The old Chinese curse goes, “May you live in interesting times.”
We do, we surely do.
