The Long Goodbye
Will China decouple their currency peg? And stop buying Treasuries? Just as soon as they see that the US consumer is completely tapped out. For now, they use their dollars to acquire natural resources. to fill their own malls for their own people.
“inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.”
“The United States cannot force foreign governments to increase their holdings of Treasuries,”
“trade turnover is falling, which means the U.S. is supplying fewer dollars to the rest of the world,” he added.
“The world does not have so much money to buy more U.S. Treasuries.”
