Image via Wikipedia

Although I still wouldn't say that "Commie" Red China has the same attitude toward private enterprise and freed that America used to, I still will admit that they're good business people.  And they seem to be more realistic about the world's current economic situation than many other countries.

Based on the following quote from one of thier senior credit analysists, they've got the balls to say that the 'King' is naked........click through on this excellent, accurate and timely article from the always excellent Simon Black of www.sovereignman.com .

“In essence the depreciation of the U.S. dollar adopted by the U.S. government indicates that its solvency is on the brink of collapse, therefore it wants to cut its debt through the act of devaluation with the national will; such a move has severely harmed the interests of creditors.”

Related articles

• Sovereign Man, Notes from the Field Date: April 18, 2011, Reporting From: Asuncion, Paraguay (capecoralblogger.wordpress.com)
• S&P goes negative on the United States of AAA/A-1+merica (ftalphaville.ft.com)
• Downgrade upside: It's a wake-up call (theglobeandmail.com)
• RED CHINA: The Ways of Paradise (time.com)
• A Deep Dive Into China's Red-Hot Inflation Numbers (businessinsider.com)