Friday, January 28, 2005

More financial rumblings

The destabilization of our economy continues behind the scenes:
  1. The Chinese central banks own us (they have something like 86% of our debt). (via kos, clearly)
  2. Meanwhile, central banks around the world are increasingly choosing the Euro over the dollar. (via Pandagon)
When you put those two together, you could start getting sleepless nights (with dreams of banana republics) . . .

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