Fearing devaluation of the dollar, the Chinese are putting more of their money into hard assets.
Meanwhile, Chinese students laughed at Treasury Secretary Tim Geithner when he told them the country's investments in U.S. bonds is safe.
"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster
Tuesday, June 2, 2009
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