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Reply #9: Shocker! [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-15-10 09:03 PM
Response to Original message
9. Shocker!
Edited on Sun Aug-15-10 09:12 PM by Old and In the Way
Sorry, misread the OP...but I still call BS. They can't buy Euro's at a rate that won't make their USD worth less.

They own so much US debt that they can't dump USD - whose buying USD? not us.....we'd have to, if they'd dump them...otherwise we're screwed. Big surprise. If you owned $2,45TT, what would you think would happen if you dumped 50% of those holdings on the world market? Instant devaluation for the USD..and the Chinese that are holding these securities, Believe it or not, the Chinese want the USA to recover from our economic mess, because their economic future, and ours, are tied together.
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