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Originally posted by MrSpad
Would this be the same banks that are currently raking in record profits? We already have seen nobody will allow the banks to fail and right now they are not even close.
Invest in yourself, take a mechanics course, survival, first aid, etc, things you can use. Worst case you end up knowing more, best case it saves your life.
Originally posted by GargIndia
reply to post by METACOMET
The US economy is held by East Asia. It is not going down until China is happy.
And China is really happy and enjoying the increasing leverage it has over Uncle Sam.
Originally posted by GargIndia
reply to post by METACOMET
Official figures:
www.treasury.gov...
China+Hongkong = 1.46T out of 5.7T
China may also be holding large amount of USD cash (bank balances).
Chinese may be holding significant US assets (like shares and bonds of US companies).
Chinese foreign currency reserves of more than 3.5T are mostly in USD assets.