What’s worse than having Wall Street kingpins like Bernanke and Geithner in charge of America’s economic future? China taking the reins, that’s what.

While Washington’s all-powerful ego may have our leaders believe they still control our fiscal fate, they lost that power long ago. Now, the Fed and the Treasury may dictate who gets what, but China decides how much and when.

Baltimore — (TFN): It looks like we found out what President Obama was actually doing in China last week. When he wasn’t bowing to foreign leaders or taking tours of historic China, our leader was giving the Chinese some financial advice.

Isn’t that a scary thought?

Just a couple of days after Obama touched down in Washington, China makes a very American decree. It’s telling its banks it had better shore up their capital situations or face strong sanctions from the government.

BNP Paribas weighs on the euro…  China and Treasuries…  Euro forming a base?  Gold continues its rally… And Now… Today’s Pfennig!

China’s tiger economy is burning bright…excitement in the Indonesian coal industry…Americans get a break from the hard work of consuming…the world’s money machine is slowing down…A list of top performers for the long-term…the four things we do with our loose change…and more!

America is an albatross around the neck of a great many Asian countries. But where China throws its money – success and profits flourish. We’ve seen it in the far east – and it now looks like we’re about to see it in Africa… If you’re fast enough you can be part of the next success story.

Gen X wonders if it can ever retire. As Wall Street waits for Citi and Merrill shoes to drop, Goldman issues gloomy forecast. As if write-downs weren’t enough, here comes another $250 billion problem. A 17% first-quarter loss…When hedge funds don’t hedge. Coal prices shoot skyward… The sector ideally positioned to benefit.