[Marxism] Interesting Developments

[S. Artesian]

It's just possible that those eagerly predicting, anticipating, celebrating 
the impending death of the dollar are playing Vladimir and Estragon to 
capital's Godot.

I wouldn't advise holding your breath until the collapse occurs-- unless of 
course you're our bloke Cloke, then by all means take a deep breath and hold 
it until we get back to you.

As for China-- this from today's New York Times [highly suspect source, and 
not my favorite, but it's the news that fits my particular prejudice]:

China Grows More Picky About Debt is the article headline, but after that 
the article reports:

"China has actually bought Treasury bonds at an acclerating pace over the 
last years--not withstanding Chinese officials' complaints about American 
profligacy.  But the borrowing needs of the US government have grown even 
faster.  So China represents a rapidly shrinking share of overall purchases 
of Treasury securities."

China has essentially switched out from the GSE debt of FNMA and FMAC [and 
other debt instruments] and into US Treasury instruments.

As for the death of the dollar, taking those instruments with it-- since 
2008 issuance and purchase of Treasury instruments has tripled, and we know 
why.


PS.  Somebody give the NYT reporters a book on basic grammar and sentence 
construction, please.