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Troubles at the People's Bank of China

Chris B-- you know 'it' has already started actually... the US $ was at ~1.6 to the Euro recently, right? The Fanny and Freddy bailout this weekend can have no other effect than to be be quite inflationary, probably massively so....
But as Bill Gross (and this article) points out, there are fewer and fewer 'entities' left to step in as time goes by, because they are already underwater on what they bought months ago. The US government is going to, in effect, severely dilute our currency to (try and) get things moving again. This happens just as people were seeing that deflation was the real enemy... who knows what happens, or where the heck to put money!