China's Fraud economy and US Dollar valuation

Mish of the Global Economic Trend Analysis blog has recently posted a series of articles about China and US Dollar valuation. Mish frequently posts about these topics, but the recent series of articles together does a great job of framing a global complex system to the heart of what drives the China economy and US debt machine.

I highly recommend reading for everyone, since the US and the world are in a twisted economic death grip with China. Please keep in mind Mish tends to present that gold is money, and for this reason, I try to keep skeptical of Mish's analysis. Such a fundamental wrong viewpoint (in my opinion) runs the risk he mis-analyses global currency stress.

Articles to read, in order

Speculation, Investment Scandals, Fraud, and China's Hard Landing; Miracle of Chinese High-Speed Rail will be Reduced to Dust; Peak Oil Doomsday Clock

China Holdings of US Treasuries Revised Up 30%; An Unsustainable Model

Timing the China Property Crash

US Dollar About to Lose Reserve Currency Status - Fact or Fantasy?

And to my surprise, China is facing possible civil unrest?

China Cracks Down on Mid-East Style Protests With Water Canons; Police Blanket Shanghai, Beijing; Internet Search for "Egypt" and "Tunisia" Blocked