![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPbZQA2aK6EIOQItLxjCsIfsho7VmOD01SkXO9Ie48-vwXrzcbcY1VeaXNxFAgJA0ZAO_a455bGAEEOw6Z1hLqiGOUga46qV4df_T43Q1vZIs-EJqi1-B_7aymss6S-jmavasX8p9SsrE/s320/6.jpg)
And with real short term US Treasury interest rates decidedly negative, meaning that it is costing you money to hold dollars, there is a case to be made that there are a lot of 'price takers' out there in this world. Wow, they are just that good, aren't they. Having their heyday in a genuine deflation. A subtle tax levied on all holders of US dollars, probably more significant because of the official understantement of inflation. Yo, come git some.
I think China is already diversifying their reserve portfolio, and more stealthily and effectively than one would imagine. (more)
No comments:
Post a Comment