The United States and China are on a collision course as this week's gathering of leaders of the 20 most important economic powers threatens to devolve into a meaningless charade amid pressure against a US scheme to cure financial ills by printing ever-more money.
From China to Germany, Brazil to France, the world's financial wizards are up in arms about the decision of the US Federal Reserve to buy up US$600 billion in Treasury bonds in a move that may make the US the "odd country" out in the Group of 20 (G-20), when they meet in Seoul on Thursday and Friday.
Read Full Article »

