Politicians Won’t Stay Bought | Peter Mehit

In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.

Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions.  But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?

Power.

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China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings | zero hedge

Anyone who thinks that China would never pull out of U.S. Treasuries MUST read this article.

China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.

The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.

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