Yves Smith has a 13 March 2009 post at her Naked Capitalism about China's concern over the safety of its US Treasury holdings, link: http://www.nakedcapitalism.com/2009/03/chinas-wen-worries-about-safety-of.html.
Wen is naive. He has no reason to believe anything any "round eye" says about money. I refer to my 13 February 2009 post which has a link to my 27 September 2007 post the UK's 1967 pound devaluation, link: http://skepticaltexascpa.blogspot.com/2009/02/putin-and-wen-on-finance.html. What Wen should do is keep his mouth shut and buy gold surreptitiously.
2 comments:
It's all kabuki...
He can't buy gold -- there isn't a large enough pile around (let alone anyone who would trade it for the $2T pile of paper he has).
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