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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.27

-0.2%

Nov 21 4:00 PM EST

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To: TobagoJack who wrote (45602)	1/23/2009 4:01:07 AM
From: elmatador	Read Replies (1) of 217986

The deep causes of the financial crisis lie in global imbalances—mainly, America’s huge current-account deficit and China’s huge surplus. economist.com That happened because capital, instead of being spread more veenly -across the planet- was piled up in China and oil exporting countries. China has -so far- worked badly in their USD diversion. Had it been more agressive, it would be preparing to live off the returns on that capital. And the transition from US lead to China lead world would be a reality. Very misguided the policy of financing the US. How many Chinese workers are working in the US. In Africa there are around 1/2 million workers. I bet the money put here in Africa is a tiny fraction of that piled up in US treasuries.

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