Spitzer does not totally get it, but at least he basically gets it. China's economy btw, to correct him is not booming...its running on methamphetamine fumes...and the vapors are both poisonous and about to stop. Withdrawal will be very painful for china and anyone who invested there.
The Fed's Real Job: Propping Up Dollar Reserve Currency Status
-
Alexander Salter and Joshua Hendrickson argue that the Fed's actual
institutional role is to backstop U.S. dollar hegemony.
5 hours ago