"This “sterilization” of unwanted financial speculation is
precisely what the United States has criticized China for doing.
China has tried more “normal” ways to recycle its trade surplus, by
seeking out U.S. companies to buy. But Congress would not let CNOOC
buy into U.S. oil refinery capacity a few years ago, and the
Canadian government is now being urged to block China’s attempt to
purchase its potash resources.
This leaves little option for China and other countries but
to hold their currencies stable by purchasing U.S. and European
government bonds."
Or, it may force them to take {WAR!!}what we won't allow them to
buy....hmmm didn't we force Japan into a similar box pre WWII??
behind the scenes
QE2
Posted by jbidmt on 12th of Oct 2010 at 02:13 pm
http://www.counterpunch.org/hudson10112010.html
nice article
Posted by perthx on 12th of Oct 2010 at 02:22 pm
They say:
"This “sterilization” of unwanted financial speculation is precisely what the United States has criticized China for doing. China has tried more “normal” ways to recycle its trade surplus, by seeking out U.S. companies to buy. But Congress would not let CNOOC buy into U.S. oil refinery capacity a few years ago, and the Canadian government is now being urged to block China’s attempt to purchase its potash resources. This leaves little option for China and other countries but to hold their currencies stable by purchasing U.S. and European government bonds."
Or, it may force them to take {WAR!!}what we won't allow them to buy....hmmm didn't we force Japan into a similar box pre WWII??
right on, very similar
Posted by PA on 12th of Oct 2010 at 04:30 pm
right on, very similar