Who Owns the Dollar?
Our currency and our economy are held hostage by Asia.
By Paul Craig Roberts
The American Conservative July 4, 2005
~snip
"The hardest blow on Americans will fall when China does revalue its currency. When China’s currency ceases to be undervalued, American shoppers in Wal-Mart, where 70 percent of the goods on the shelves are made in China, will think they are in Neiman Marcus. Price increases will cause a dramatic reduction in American real incomes. If this coincides with rising interest rates and a setback in the housing market, American consumers will experience the hardest times since the Great Depression"
http://www.idpconsultinggroup.com/news/idp_consulting_news/former_u.s._treasury_official_predicts_our_economic_catastrophe_is_loo.html?Itemid=45
