2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 375.93

-1.8%

4:00 PM EST

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To: TobagoJack who wrote (66919)	10/7/2010 2:58:52 AM
From: Hawkmoon	1 Recommendation Read Replies (2) of 217764

trying to blame china for what team usa happily did but with less happy result, or so i may have misunderstood you. They were BOTH happy... China could sell stuff to us with their currency pegged to the USD, keep several hundred million Chinese employed, and then park their profits in US debt and interest/dividend bearing Mortgage instruments. This should NOT have been permitted to happen.. Had China been required to de-peg their currency on pain of tariffs, my view is that there whould have been trade equalization and less moola available to finance the US sub-prime markets. That's what drove it TJ.. a huge surplus of Chinese, European, and Arab capital looking for better yields than they could get at home. And US banksters worked overtime inventing new ways to get you all to buy our overvalued assets and put every dishwasher and janitor into their own McMansion on zero interest loans. There are a LOT of different folks to be blamed here, including those who bought those McMansions and are now defaulting on them.. Hawk

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