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This page contains all of the posts and discussion on MemeStreams referencing the following web page: The Big Picture: Federal Reserve Responsibilities Outsourced to China. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

The Big Picture: Federal Reserve Responsibilities Outsourced to China
by Decius at 12:03 am EDT, Jul 22, 2005

What is not uncertain, however, is that our Current Account
Deficit has granted a degree of control and authority to another sovereign
nation over our own economy. The net results of that may be determined over the
coming decade.

Buffett (who I've come to dislike inspite of my respect for him) warned of this in 2003. Bill Gross specifically predicted this for 2005.

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