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The funny thing is how so many people talk about the BRICs leading a revolt against the US dollar, when the country which on its own fully represents two thirds of the GDP of BRIC is a house of cards balanced on overextended banks.
1 posted on 09/12/2024 8:31:03 AM PDT by Miami Rebel
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To: Miami Rebel

BRIC the Chinese Communist party scam to rob them blind


2 posted on 09/12/2024 8:36:39 AM PDT by butlerweave
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To: Miami Rebel

The USA has lots of recently young men from Latin America and the Carribean.

China has vacant apartments and a need for low-cost factory workers.

Perhaps a labor export treaty might solve both problems.

Dear Asylum Applicant:

Your application for asylum has been approved under the Trump-Xi Asylum Treaty. Please arrive at the dock for your trip to China....


3 posted on 09/12/2024 8:40:58 AM PDT by Brian Griffin ("Why didn’t she do it three and a half years ago?”)
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To: Miami Rebel

The only success the Chinese are having right now is bribing and blackmailing The Democrat Party Organized Crime Syndicate to weaken and destroy The United States.

Anyone who still supports the Democrats has a criminal heart, mind and soul.


4 posted on 09/12/2024 8:42:09 AM PDT by blueunicorn6 ("A crack shot and a good dancer” )
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To: Miami Rebel

Yet someone in China keeps buying gold. Lots of it.


5 posted on 09/12/2024 8:45:23 AM PDT by ComputerGuy (Heavily-medicated for your protection)
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To: Miami Rebel

“Bad loans in the property sector today alone could be over $1 trillion”

Student loans in the US I believe are more. About half aren’t being paid on. I suspect most are on the higher balance side.

How much will you give me for this DEI college party animal?


6 posted on 09/12/2024 8:45:54 AM PDT by Brian Griffin ("Why didn’t she do it three and a half years ago?”)
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To: Miami Rebel
--- "The funny thing is how so many people talk about the BRICs leading a revolt against the US dollar, when the country which on its own fully represents two thirds of the GDP of BRIC is a house of cards balanced on overextended banks."

Meanwhile, back at our ranch:

$35,367,563,656,596 and rising rapidly

US Debt Clock

The world's in a debt mess, over-extended massively.
8 posted on 09/12/2024 8:59:19 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: Miami Rebel

China’s economic crisis is still in the early stages. Eventually, China will have to buy up the bad loans and recapitalize her lenders, but doing so will be tricky and time-consuming. In addition, the effort will eat up much of China’s accumulated foreign currency holdings and other state assets. That in turn will require an unacknowledged abandonment of attempts to take Taiwan by force and will diminish the credibility of the BRICs scheme.


10 posted on 09/12/2024 9:02:48 AM PDT by Rockingham
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To: Miami Rebel

No matter how bad china is, we are worse off. Givt debt, consumer debt, aborting our future, importing a 3rd world future, rudderless govt, ethics-less courts and judicial system.


18 posted on 09/12/2024 12:41:12 PM PDT by If You Want It Fixed - Fix It
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