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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (200854)5/7/2009 11:57:37 AM
From: Skeeter BugRespond to of 306849
 
Wayne, china already has said "no mas." they were net sellers of T-bills in jan, feb and apr - april being their biggest month of sales in 7 years.

they don't like to put pressure on the dollar, but they thin the alternative, throwing good money after bad, is worse.

they would be right.

also, they control our productive capacity right now... they have more power than we'd like to believe.

we are almost to the point where basic governmental services can only exist based on printed money.

the banks and brokerages will close. in argentina, they nationalized retirement accounts - all those savings were stolen by a charismatic guy like obama. there may have been a bigger crowd for his inauguration than for obama's - it was similar, anyway.