“We hate you guys…” – this is what Mr. Luo Ping, director general at China’s Banking Regulatory Commission, speaking in New York on Wednesday, said about USA bailout plans.
It is clear thatt once USA government will start printing those crispy greenbacks, and the printing machine can print unlimited supply of those dollars, things will go really bad for every country who relied on dollars as a way to keep their reserves.
Dollar will depreciate and there is very little China, Russia, Europe and other respectful members of the world economy can do about USA
“Once you start issuing $1 trillion-$2 trillion …we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do.” -that is what Mr. Luo Ping said.
