Vinny’s Blog

It’s very hard to come by somebody’s interview who is a straight talker, who knows what he is talking about and because of that reason alone I decided to post the link to his interview itself rather than it’s extracts ….After a long time I have come across someone other than Mr. Buffet, Mr. Soros and few more I follow….who talk so straight..and to the point.

….Now to give you an idea how much money 200 Billion is, Russia’s total USD reserves are only approx. 500 billion and India’s total USD reserves are only approx. 250 Billion so this guy alone manages 1/2 of Russia’s money or entire money supply of India………get it……….just this person……alone…..his name is Gao Xiqing.

…….In his first interview since the world financial crisis, Gao Xiqing, the man who oversees $200 billion of China’s $2 trillion in dollar holdings, explains why he’s betting against the dollar, praises American pragmatism, and wonders about enormous Wall Street paychecks. And he has a friendly piece of advice:….

“Be Nice to the Countries That Lend You Money”

Click on the link below to read his interview…..

http://www.theatlantic.com/doc/200812/fallows-chinese-banker

Obviously this is one side of the story. We don’t know what US government will do to retain USD’s higher value or IF they will like to retain USD’s higher value…but once somebody else has your money THEY control you rather than you control them………

To read more on this Financial / Credit / Subprime Crisis….(previous post) please click here

[views and opinions expressed here are mine and you need not agree with them. You should not make any financial decisions or any other decision based upon material you read on this website. For that you must contact an expert in the relevant area of your need.]