I agree completely. What I can't be sure of is whether these actions are indeed a step in the wrong direction- at least for the time being. Just maybe it's not what it seems.

When Bernanke starts recklessly printing money the way he did recently- that seems like a panic-driven survivalist effort to me, and I begin wondering if this isn't more of the same.

China's got us by the balls alright. I'm sure there's some twisting going on that only the government higher-ups can see, to warrant these reactions of late.