Curious, but China installed credit printers have little backing by real stuff, as we can see in the picture below?
Click on picture to enlarge, courtesy of CLSA Asia-Pacific Markets.
Wednesday, November 25, 2009
Naked Monetary Vigilantes
While gold price is making another record high in USD terms today, this reminds me of Far Eastern monetary vigilantes in China and Hong Kong. Interestingly, those same monetary vigilantes somehow cannot drop the peg to that insane American currency.
Curious, but China installed credit printers have little backing by real stuff, as we can see in the picture below?
Click on picture to enlarge, courtesy of CLSA Asia-Pacific Markets.
Curious, but China installed credit printers have little backing by real stuff, as we can see in the picture below?
Click on picture to enlarge, courtesy of CLSA Asia-Pacific Markets.
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