"Geithner goes a-grovelling" (In China)

found this excellent blog over at asia times.....read more from "the view from falling downs"

"Unless those reports are true about China and Iran agreeing to do their bilateral trade without using the US dollar. That might tighten up a few sphincters in the Treasury Department. 

After all, you won't be the world's reserve currency for long once people start doing that. 

So the think tank here at Falling Downs figures Obama sent Tiny Tim over to remind the yellow people that if they make side deals that bypass the US dollar, their trillions in US dollar reserves aren't going to be worth chicken shit."


http://theviewfromfallingdowns.blogspot.com/