We should also automatically get them to devalue the USD like the Argentine Peso and the Korean Won did some years ago, and have the US classify itself an Emerging Market, complete with tax free manufacturing zones in depressed states, and even reverse peg the USD to the CNY, I suggest 1 CNY = 3.80 USD, which would effectively be a 95+% USD devaluation vs CNY.
If the US were to come clean with its real debt obligations, including un/under reported debt, both at public and private levels to foreign lenders, and the level of USD in circulation outside the US in speculative paper 'holdings', this level of devaluation may not be that ridiculous than at first sight.
Too bad TJ doesn't qualify to run for Prezz......well, he does seem to have so many distractions all over the world. Meantime, I keep waiting for him to give the OK on China stocks, which have, imho seemingly started a real, multi-year bull run, but he seems to ignore jewels in his own backyard? |
