<![CDATA[In This Crisis, Government Spending Isn't Likely to Do Us in -- But Private Savings Might.]]>

1.0 link 225079 <![CDATA[In This Crisis, Government Spending Isn't Likely to Do Us in -- But Private Savings Might.]]> http://www.huffingtonpost.com/marshall-auerback/in-this-crisis-government_b_225079.html Over the past few months, the dollar index has declined some 10 percent amidst repeated calls by leading creditor nations such as China for a new global currency. This has been a recurrent feature of Chinese-American financial diplomacy for several months now, as Beijing frets that their substantial dollar hordes will turn into the new equivalent of the Argentinean peso circa 2001, whilst US Treasury Secretary Geithner regularly kowtows and assures the Chinese monetary authorities that their investments are as...

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