His goal was to bluff and bamboozle the world’s investors – notably China – into believing that the US had its finances under control. Once we’re out of this mess, he told China’s top man, we’re going straight.
June 5th, 2009 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "inflation rates"
La Bubble Epoque
History will record that the Bubble Epoque began soon after the Plaza Accords in 1985. The immediate problem confronting the finance ministers and central bankers at the Plaza Hotel in New York was what to do about the dollar. After having gone down in the late ’70s, it went up so much in the early ’80s that there seemed no stopping it. The strong dollar had its advantages of course. Read on…
December 15th, 2008 | Bill Bonner | 4 comments | Continued