Quote:
Originally Posted by CuteOldGuy
Guess how safe Israel will be if China flexes its economic muscle and collapses the US economy, or even threatens to. They have security for their interest. Don't doubt it.
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It would be suicidal for the Chinese to collapse the US economy, even if they could do so. They need us worse than they need them. Who else is going to buy all the crummy counterfeit shit they make?
In the meantime, we have unemployed people who could get to work making essentials.
If the value of their US bond holdings collapse, they lose a fortune. They are diversifying into Euro's, which is smart but we can create all the money we need without them. This fool's paradise here in the US will only be stopped, long term, when the world wises up to the scam we are pulling on them via the Federal Reserve and QE2.