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Art65

Art65
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The Chinese already got rid of their US dollars and US bonds by getting loans and credit lines from American and European banks collateralized against US bonds (thus US dollars). That's how the Chinese HID the fact that they already spent the dollars they have so as not to crash the dollar's exchange value before they got rid of them all.

The Chinese are buying natural resources and profitable Companies throughout the world. They will announce the effective extinction of their dollar reserves once they're done shopping with the last of their (borrowed) US dollars and crash the US dollar(s that they own outright) in the process while revaluing the Chinese Yuan 200-300% in one fell swoop and thus greatly enhance ...More
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  • Description: Retiree.
  • Interests: Forex
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ETFs are nothing but legalized tools of expropriation, a way for the financial industry to steal your money. Buy gold and silver stocks now! Jul 14, 2010