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Dollar Crushes World Economy yet Media Won't Ask 'Why?' [Ep. 289, Eurodollar University]

Eurodollar University

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What's Happening in China?

Jeffrey Toobin: Countries in trouble are using their reserves for two purposes. He says they're trying to defend the currency or buy food and energy off global commodity markets, which are priced in dollars. The chinese should be absolutely swimming in us Dollars, as well as ureaus and other reserve currencies, he says. But that hasn't stopped the problem from china,. So it's true that some of these countries are experiencing a merchandise in balance where they have to pay more for imports than they're exporting. They're experiencing all these monetary, same monetary problems there, in the same boat as india.

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