Well said.
Chuck Norcutt
On 10/8/2012 11:28 AM, Nathan Wajsman wrote:
> Absolutely right, Bob. There is nothing like a bit of inflation to ease
> the debt burden. As for the general China angst, I am an occasional
> blogger on non-photo issues, and pontificated on this very topic not too
> long ago:
>
> http://nathansmusings.wordpress.com/2010/12/25/the-decline-of-the-west-again/
>
> Cheers,
> Nathan
>
> Op Ma, 8 oktober, 2012 17:02, schreef Bob Whitmire:
>> Well, it wasn't that long ago when you could have substituted Tokyo for
>> Peking (do we call it that anymore?). And there was a time when you could
>> have substituted London, and Paris. I think it's a rare genius of a
>> country that can live for so long on other people's money. <g>
>>
>> --Bob
>>
>>
>> On Oct 6, 2012, at 8:51 PM, John Hudson wrote:
>>
>>> Meanwhile the US is living WAY WAY beyond its means but is being saved
>>> because Peking is endlessly willingness to invest in Ben Bernanke's
>>> Treasury
>>> bills! Wait for the moment when the Middle Kingdom calls the tune. Dr
>>> Wajsman will explain :-)
>>
>> --
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>
>
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