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Bandito Post time: 2012-1-14 05:36
no, spent China's gold. It was a clever ruse dreamt up by the US actually. We will use your saving ...
It's quit possible I am old enough to be your father ( scary thought) but calling me a boy is ok, I like it.
As for the US dollar, well, it is artificially inflated anyway, no need to devalue it, just give it a true value. as for the gold, They have not allowed an open audit for decades, no one actually know if the US gold still exists in fort Knox and elsewhere, let alone how much is there, it is a proverbial bone of contention in the USA. China could quite easily survive without that US debt, the fact is all china has is paper with words on it, The debt it holds has no true value at this time, not until the USA pays it back, which it probably will never do. every country should cut its losses mentally then try to collect the debt, then cut their losses in reality. let the USA economy collapse, let the people of the USA get a real feel of where their country is at. A reality shock is what the USA needs.