Mike Shelby #640
Coffee and a Mike
00:00
The Dollar Milkshake Theory
Mike Downey: I think a lot of this interest rate thing is, yeah, I mean, maybe it's partially to actually combat inflation. But you know, what if there were another strategic objective here, which is to crush foreign currencies and push China into a financial crisis? He says we are probably going to get to a point where investors capitulate and just say "there really is no alternative to the dollar or good alternative"Downey: And in many respects, the dollar system, as much as we hate it, may be the best thing going for us right now.
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