with regard to demanding a stronger yuan from China. The price inflation consequences for this country would be disasterous. Think about what percentage of everyday necessities consumed in this country comes from China. Walmart's prices would go through the roof. Food stamp and unemployment benefit leeches will be doomed.
Just a little nugget of golden truth for this beautiful Denver Saturday. "Joe's" comment in yesterday's post triggered this thought. IF you do see China letting its currency revalue significantly higher, better make sure you have a lot of your wealth moved into physical gold/silver. As soon as the sheeple in this country get just a real whiff of price inflation, we will get to see what a real gold rush looks like.
Saturday, August 21, 2010
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