China concerned about US dollar, wants reassurance

In 2009 the Fed monetized 80% of US government debt, according to PIMCO’s Bill Gross.The US has no credibility anymore.Chinese Premier Wen Jiabao makes a point at his annual press conference after the closing of the National People’s Congress held in the Great Hall of the People in Beijing, China, Sunday, March 14, 2010.(AP Photo/Ng [...] continue reading the breaking news