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Jim Willie: China commodities undercut U.S. dollar
7:30p ET Thursday, June 18, 2009
Dear Friend of GATA and Gold:
In commentary posted today, Jim Willie, editor of the Hat Trick Letter, elaborates on a point made a month ago by Market Force Analysis letter editor Adrian Douglas, a member of GATA's Board of Directors: that China easily could hedge its dollar exposure by using its U.S. Treasury bonds as collateral for purchases of hard assets. Douglas' observation was made May 17 in his essay "Have China Watchers Never Heard of a Decoy?":
Willie's commentary is headlined "China Commodities Undercut U.S. Dollar" and you can find it at GoldSeek here:
http://news.goldseek.com/GoldenJackass/1245341616.php
And at Gold-Eagle here:
http://www.gold-eagle.com/editorials_08/willie061809.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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