We are the masters now: the Chinese crescendo is building.

Posted: December 9, 2010 in Current events
Tags: ,

” ‘We are the masters now.’ I wonder if President Barack Obama saw those words in the thought bubble over the head of his Chinese counterpart, Hu Jintao, at the G20 summit in Seoul… If the president was hoping for change he could believe in—in China’s currency policy, that is—all he got was small change. Maybe Treasury Secretary Timothy Geithner also heard ‘We are the masters now’ as the Chinese shot down his proposal for capping imbalances in global current accounts. Federal Reserve Chairman Ben Bernanke got the same treatment when he announced a new round of ‘quantitative easing’ to try to jump start the U.S. economy, a move described by one leading Chinese commentator as ‘uncontrolled’ and ‘irresponsible.’ ”  Here (Niall Ferguson)

Criswwell predicts: Ladies and gentlemen…I PREDICT that in another twenty years the Grand Banana Republic will be just another South American country.

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