Quote:
Originally Posted by RIJIMMY
but....that would screw china as well since we're one of their biggest customers. They wouldnt gain from it.
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Yes, but that doesn't address the main issue that their $1 trillion + in treasury holdings, denominated in U.S. dollars, is losing value, and there is no way we are ever going to pay them back.
Over the long run, there are those who believe that China's emerging middle class (about 300 MM right now) will being to consume more stuff. They are going to be the world's biggest customers.
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