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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (37359)9/16/2005 10:06:06 AM
From: SeaViewer  Read Replies (1) of 116555
 
Since they are buying Bush Lira with fiat money of their own, it's not like they are actually putting something important at risk.

It's exactly what the Chinese are doing. They printed a lot yuan, and expanded the industry base at the expense of US workers. They are not afraid of inflation, as everything is so cheap and they can always give their workers 10% annual raise.
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