The author observes: "To the Chinese and others, it looks as if the Fed, by flooding the world's monetary system with cheap dollars, is trying to devalue and inflate its way out of trouble. The Fed's policies are both stoking inflation in China and debauching the value of that country's vast portfolio of dollar assets"
Why the power of the mighty Federal Reserve is finally on the wane - Telegraph: www.telegraph.co.uk/finance/comment/jeremy-warner/....html
http://chum.ly/n/87fca3
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