THE DREGULATOR VOL. VI # 23: DOLLAR BILL, WE HARDLY KNEW YE:
China may 'diversify out of dollar holdings.'
Hell, join the club. According to MSN.com, that's exactly what Dick Cheney did in 2006, putting between $10m and $25m of his personal assets into The American Century International Bond, a fund whose "prospectus limits dollar exposure to 25% of assets" and has "only 6% of assets in dollars."
This strikes me as an ever so slightly unpatriotic thing to do, if you're the Vice President of our Nation.
Maybe just a little nihilistic.
Kinda-sorta like speeding through all the red lights in Capitol Hill in a hospital zone, blasting Wagner's Götterdämmerung out the gull-wing doors of your Krupp Panzer IV, while wearing a Sudanese blood-diamond tiara, eating a Cuban sandwich and ripping bootleg DVD's right from the warm and bloody entrails of our own fighting men and women in the armed services.