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re: The China economic miracle
Posted on 8/18/09 at 2:11 pm to supatigah
Posted on 8/18/09 at 2:11 pm to supatigah
quote:
and since the government owns everything they can say whatever they want to say about economic growth. They could say their growth is 800% instead of 8% and who can challenge them?
Bada Bing!
1
Posted on 8/20/09 at 8:16 pm to OLDBEACHCOMBER
And so why do our politicians keep running to China to borrow more money to stay afloat? Please don't tell me you are not aware of this.
We are the worlds most debtor nation. The U. S. borrows money from two countries Russia and China and they are moving away from the dollar.
To make this simple for you the dollar is going to collapse, soon.
The middle eastern countries, Saudi Arabia, Iran and others don't accept the dollar for oil any more neither does Venezuela one of the worlds largest oil producers. And yet you don't see the implications of this.
We are the worlds most debtor nation. The U. S. borrows money from two countries Russia and China and they are moving away from the dollar.
To make this simple for you the dollar is going to collapse, soon.
The middle eastern countries, Saudi Arabia, Iran and others don't accept the dollar for oil any more neither does Venezuela one of the worlds largest oil producers. And yet you don't see the implications of this.
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