Star One Smart Blog's

...no doubt similar to their Great Wall.

Reuters (h/t Drudge)...

U.S. dollar printing is huge risk - China Central Bank adviser

Nov 4 (Reuters) - Unbridled printing of dollars is the biggest risk to the global economy, an adviser to the Chinese central bank said in comments published on Thursday, a day after the Federal Reserve unveiled a new round of monetary easing.

China must set up a firewall via currency policy and capital controls to cushion itself from external shocks, Xia Bin said in a commentary piece in the Financial News, a Chinese-language newspaper managed by the central bank.

"As long as the world exercises no restraint in issuing global currencies such as the dollar -- and this is not easy -- then the occurrence of another crisis is inevitable, as quite a few wise Westerners lament," he said.

"..a few wise Westerners lament".

Thanks! for noticing.

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By now any man or woman with any sense of depth perception will realize that our stalled economic condition is not going to change for the better until the current far-left Democrats (the ones feeding the looter - moocher death spiral) are driven from power. Of course this must include the "Professional Left" Democrats, who will deny this bit of obviousness and go along with Obama and Bernanke's desire to throw more stimulus monies at the problem(s). But the Obamabots and Obama Hisself might just be beginning to realize that they don't have a clue as how to fix this crisis. We'll see what approach they will back when prezzidint TeleprO!mptO!r gives his major economic speech next week.

In the meantime, Intel's CEO Paul Otellini doesn't pull any punches...

Paul Otellini's remarks at the Technology Policy Institute's Aspen Forum amounted to a warning to Obama administration officials and Capitol Hill aides in the audience. Unless government policies are altered, he predicted, "the next big thing will not be invented here. Jobs will not be created here."

The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be an "inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."

...

Otellini singled out the political state of affairs in Democrat-dominated Washington, saying: "I think this group does not understand what it takes to create jobs. And I think they're flummoxed by their experiment in Keynesian economics not working."

Keynesian economic theory is proven a failure...unless, as believed by the likes of Federal Reserve Chairman Ben Bernanke, that we just didn't throw enough money out there the first time, and we need to mass produce and borrow more!

Can you believe this crazy loon? To create more money that doesn't exist to pump into an economy already stifled by debt and ever-increasing social programs (designed to lure stupid voters to vote for Democrats: the looter - moocher death spiral mentioned above) and the dead housing market, killed by Democrat's failed 'social justice and equality of outcomes' Community Reinvestment Act.

The next economy-killing shoe to drop? Let's see, President Bush's tax cuts are slated to expire January 1, 2011. If that goes down, prepare to see all hell break loose.

How much longer will we be able to sustain a viable national economy with Social Democrats in power? Will November get here soon enough ?

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