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Richard Clayderman performs at New Year concert in S China

(Xinhua)

09:09, January 05, 2012

French pianist Richard Clayderman performs during a New Year concert in Shantou City, south China's Guangdong Province, Jan. 3, 2012. (Xinhua/Xu Ming)
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APwjbYlfDwxpc at 2012-05-17177.71.184.*
What do you think will happen when the US canont honour its maturing bonds, largely in the coffers of the Chinese and the Japanese central banks?Honour them with what? Dollars? No problem. We can always print more. We are not on the gold standard. And what are they going to do with the dollars? Spend them in the USA? Fine. That creates demand. Trade them outside the USA? What is the problem?We are not letting foreigners buy major chunks of the economy. They can buy goods and services. US Currency is holding up rather well to all but the Japanese Yen. And the Japanese are thinking of increasing their money supply because the high yen is hurting exports.Now we may be in a fools paradise. The deal is all the fools are in the same paradise. It kind of keeps the fools focused.
  

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