China’s Cunning Plan to Destroy the US Dollar
Jesse’s Café Américain
12 August 2010
This economic paper might have been funny if it had appeared in The Onion, or on Fox News, and not in a serious journal of economic thought.
This rather clever argument proposes that China is ‘destroying the dollar’ because they are jealous and hate the US for its happiness and freedom. It is not completely new, but I have not seen it in print. Someone that I know who sometimes spreads spin and stories which they get from highly placed contacts in the banking cartel told me about this diabolical plot about five months ago as I recall.
There reminds me of a long standing corporate tactic that says if you have been doing something underhanded to someone and the shit is about to hit the fan, accuse them of doing the same thing to you first. This was standard management procedure at the multinational where I worked for many years, as it tottered towards its eventual self-destruction.