Hello David, There is no worries on this side of the pond regarding any of what branding, whining, shouting, and snubbing, because I believe it will be indubitably obvious that what will soon enough be the trillion dollar Iraq / Afghanistan misadventure wagers are lost causes, and with that, ... there will be greater worries than a small matter of currency printing on one side being balanced off by money printing on the other.
The denouement was ordained from the inception of the idea about New World order, given the grand strategic miscalculations - ridiculous objectives based on absurd premises backed by half-hearted troop commitments seed-round funded by multiple bubble fizz, expansion financed by foreign central bank borrowings and soon enough, distress funded by Fed fiat printing just as the nation is about to retire, in the aggregate, less the savings, at the precipice of debt-ly depression or hyper stagflationary evaporation, at core or CPI rate, depending on the wise choice of one Helicopter Ben BurnBurpKaput who thinks folks have no memory and thus misunderstood his hints about helicopters and secret printing presses.
The wars, if that be what they are, are against no state, and so cannot be won as classical wars may be, and even those are only won by proper planning, methodically execution, and adequate financing, and only if impelled by sustainable or better still, rising home world morale.
The wars, as they are being prosecuted, create endless new missions with the accomplishment of each pointless mission, trending towards exhaustion by the democratic but savings short electorates. The math is simple, and the simultaneous equations have no solutions except the null set.
Further, the equation of time is unkind, as 2008 rolls around, when all of the dirty laundry is aired, and diapers soiled, and who ever becomes the unfortunate chosen one must spin an exit strategy that passes the laugh test.
Trouble is and will be, there is no exit strategy that can pass the laugh test; for exit means defeat, as the post-exit Iraq / Afghanistan inevitably sink into the grip of the many and too many nastier oppositions, invariably also faith-based, and absolutely in opposition. The regimes left in control at the juncture of exit will, as usual, prove to be corrupt, weak, and rationally calculating, meaning the officialdom will run for their lives.
I will bet you one 9999 gold Panda 1 oz circa 2006 coin that the above take will come much closer to the truth than anything remotely involving building democracy, exporting oil, not exporting opium, and defeating a fighting tactic known as terror.
So, I doubt China is concerned at all about being named this or branded that. Whoever sits in the White House must realize, as the Bush / Cheney crowd has already realized, that their stay in office is only at the mercy of the financiers, and they, the financiers, no longer sport the names of Morgan, Sachs, or Sterns.
Recommendation: watch gold, and know that all is working as they ought to, and do not do as I did, which I already regret, namely selling 5/6th of my paper gold
Chugs, J
P.S. worldmarket.blogspot.com
P.P.S. consider adding to Cameco, for Russia now is the major supplier to US of uranium;
I may add to Southern Cross finance.yahoo.com first, since you had pointed out way early that it is a bet on uranium and a wager on gold. Its enterprise valuation per ib of uranium is at 50% of Paladin Resources finance.yahoo.com and on par with Energy Metals finance.yahoo.com
I may also add to Energy Resources of Australia finance.yahoo.com , given that the company will be selling to creditor nations and not so much if at all to debtor states |
