tag:blogger.com,1999:blog-6278115441557880568.post7140574310917294732..comments2024-03-18T16:29:17.369-07:00Comments on Inverted Alchemy: An Integral Economy: Death Tax on StuffDavid Martinhttp://www.blogger.com/profile/01775270821108542258noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6278115441557880568.post-37925711808334892062009-07-10T20:34:47.150-07:002009-07-10T20:34:47.150-07:00It is equally ironic that China appears to be the ...It is equally ironic that China appears to be the final savior of capitalism (but hopefully not western consumerism).<br /><br />One wonders when the Chinese first realized that the ticket to their hegemony centered in our comfort in effectively "running up a tab" at their central bank with our mindless deficit spending. I imagine that sometime in the early 1970's, someone in the US government sneered: "Those idiots are actually buying our debt!" At the exact same moment, a light went on with some Chinese counterpart smiling: "Those idiots are actually selling us their debt!"<br /><br />So what is the name of the Chinese sister town to Bretton Woods?Anonymousnoreply@blogger.com