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The Travels of A T-Shirt in the Global Economy: An Economist Examines
The Travels of A T-Shirt in the Global Economy: An Economist Examines
Let me be perfectly blunt. If you want the truth on what’s going on in the world today ... if you want to know thereal story about China and how it’s seizing control not just over the U.S. economy but the global economy ...
Then please don’t listen to all the pundits out there who talk about China dumping U.S. Treasury securities and cornering the world’s gold supply.
Because neither are true. Period. Just think about it ...
If China dumped U.S. Treasuries, it would destroy the U.S. economy in one fell swoop. And guess what? Destroying the U.S. economy would also destroy the Chinese economy, because China depends very heavily on the U.S. economy for exports.
So what good would that do China?
Moreover, if you really think it through, China can exert more and more control over Washington, and therefore our economy, by increasing its influence and our dependency upon China, exactly the opposite of what most are telling you.Dancing with Giants: China, India, and the Global Economy by Winters,
And Beijing can do that by simply remaining our largest creditor, buying more and more of our debt, rather than dumping it, which indeed is precisely what Beijing’s officials have been doing. Beijing is increasing its purchases of U.S. debt, not decreasing it!
As for gold, yes, Beijing has been buying gold. But Beijing has no plans to corner the gold market. Nor does it plan to have a gold-backed currency. That’s all hogwash.
In fact, China has never had a gold-backed currency, ever. Quite the contrary, China invented paper currencies way back in the Tang and Song dynasties in 7th century AD, a full 600 years before paper currency next emerged in Europe.
So don’t buy into the hogwash that China is going to corner the gold market and send prices to the stratosphere. Gold is going to go back up in the future, and quite high, but it won’t be solely because of China.
All this is why I believe it’s imperative that you get the facts right about China. It’s the only way you’ll truly be able to understand how the world is changing and how the United States of America is going to become One Nation (Under China).Dancing with Giants: China, India, and the Global Economy by Winters,
And it’s precisely why I created a hugely educational and free video for you: To give you the truth you need to protect your home, your savings, your investments and your retirement from the single greatest economic threat in our nation’s history ...Case Against the Global Economy by Mander/ Mander, Jerry/ Goldsmith, E
The video, One Nation (Under China), is free to watch. Just turn up your computer speakers and click this link; the video will begin playing immediately.
Sincerely,
Larry Edelson
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