Jimbo Posted December 4, 2009 Report Share Posted December 4, 2009 CHINAMERICA - ITS THE YUAN STUPID Congress getting obsessed about jobs to save electoral hides But there can be no job recovery until the yuan dollar link is smashed Think of America and China as a bigger version of California and Texas - one growing and the other shrinking - with the same currency and monetary policies. Think of china as the rich texan lending to the spendthrift californian state :ninja: American banks would lend if they could lend to china. They cant/wont lend in America because loans in America become BAD DEBTS, and the bank shareholders and american taxpayers are no longer willing to take all the losses. Link to comment Share on other sites More sharing options...
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