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Politics : Foreign Affairs Discussion Group

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To: stockman_scott who wrote (156897)	1/24/2005 4:03:52 PM
From: geode00	of 281500

If I remember correctly, a recent article stated that China had already switched a substantial portion of its lending to the euro. "China increased dollar reserves by $207bn (€159bn) in 2004, financing nearly a third of the US current account deficit, estimated at $650bn." Geez, China wants to buy Unocal. What would it be like to have a creditor nation battle us for what's left of the world's energy supplies? What a mess. We need smarter people in the government and all we get are incompetents and more incompetents singing to the same ideological tune regardless of the situation.

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