Quote:
Originally Posted by DirtyWhiteBoy
I disagree. They are not up to their eyes in debt like we are. YES they will take a hit but 2 trillion is not really that much for such a massive country like China.
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They've also increased their gold reserves, and other commodity holdings significantly. A collapse of the dollar would increase the price/value of such commodities. They would more than make up for the $2 trillion short fall.. which may be much less if they used the same dollars they purchased from us. If you don't think they already have us by the balls,
we're already
whining to the WTO about not getting access to raw materials... yes the same WTO America ignores when complaints are brought up about making online gambling illegal. Also, if COMEX is
caught over selling their gold , their holdings price could easily double.