Tuesday, December 21, 2010

MAD mutual assured destruction

The 50’s and 60’s had a policy of MAD with the Soviet Union with both having enough nukes to assure mutual destruction if anyone fired first…

Today we have the same policy with China only this time it’s with money…

China has $2.65 trillion reserves in the euro and the dollar… Both currencies are actually so much in debt that China now needs to make sure neither currency implodes or else we globally implode….

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