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But do the Chinese want to have a reserve currency? What's in it for them? Haven't they been able to capture so much American industry precisely because the US had a reserve currency but lacked any serious fiscal or industrial policy?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Apr 25th, 2009 at 11:10:51 AM EST
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