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To: whitedog57

We’re 12 Trillion in debt, and China is going to start buying less of our debt.

Reality is sinking in.

maybe not total collapse but we’ll never see 4.5% unemployment for a long time imho


16 posted on 05/16/2009 4:04:15 PM PDT by Finalapproach29er (A woman will be the next President; I hope it's Palin instead of HRC.)
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To: Finalapproach29er
We’re 12 Trillion in debt, and China is going to start buying less of our debt.

I thought they had already drawn the line in the sand and said they would not buy any more. And are divesting themselves of the American dollar tokens they have, buying hard assets like gold mines.

20 posted on 05/16/2009 4:09:21 PM PDT by FrogMom (No such thing as an honest democrat!)
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To: Finalapproach29er

The mere fact that we rely on China to buy our debt is a disgrace. Twenty years ago, we were rich and China was poor. Now the tables have turned. Why? Because they produce things and we do not. And we did it to ourselves.


33 posted on 05/16/2009 4:42:47 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: Finalapproach29er
Reality is sinking in

Is that why Obama came out against deficit spending?

But reality is certainly not sinking in, otherwise they would cancel all this enormous spending.

60 posted on 05/16/2009 6:57:18 PM PDT by Boiling Pots (Barack Obama: The final turd George W. Bush laid on America)
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