Wednesday, September 14, 2011

A Declassified Jon Huntsman On China's Terror Of A Gold-Pegged Dollar

Zerohedge is rocking tonight:

A Declassified Jon Huntsman On China's Terror Of A Gold-Pegged Dollar | ZeroHedge: "Evidently, while we may be used to seeing Jon Huntsman spew truisms and political one liners, there was a time when he actually had something interesting to say:
b. "The United States no longer sits still; it frequently uses evil tricks to force China to buy U.S. bonds"
The Shanghai-based Shanghai Media Group (SMG) publication, China Business News (Diyi Caijing)(02/08)(pg A7): "This time the quick change of the U.S. policy (toward China) has surprised quite a few people. The U.S. has almost used all deterring means, besides military means, against China. China must be clear on discovering what the U.S. goals are behind its tough stances against China. In fact, a fierce competition between the currencies of big countries has just started. A crucial move for the U.S. is to shift its crisis to other countries - by coercing China to buy U.S. treasury bonds with foreign exchange reserves and doing everything possible to prevent China's foreign reserve from buying gold."
Now if they wanted a real debate they would ask Huntsman about this memo. But note that it was not asked during even the Tea Party sponsored debate. Let's talk about Perry and Bachmann's Guardasil tiff instead shall we?