Thursday, September 3, 2009

"Buns" Bernanke Can't Be Happy bout this...


No, I'm not talking about this picture...hat tip to Jrdeputyacct!

Bun, er, Ben Bernanke cannot be happy that the Chinese are gladly putting aside dollar/treasury/Fed note purchases and are finding that they can:
1) Buy gold
2) Buy IMF bonds (the first 50 billion issued)
3) Use their current dollar horde to buy assets around the world

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