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Politics : The China Joe Biden Presidency
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To: J_F_Shepard who wrote (428)1/30/2021 1:40:12 AM
From: the longhorn3 Recommendations

Recommended By
AJ Muckenfus
GROUND ZERO™
Winfastorlose

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Default.

They actually owe us more than we owe them and of course have no intention of paying. dailycaller.com . Those bonds plus all the technology they stole from us ought to make it a wash.

We default. Lose our world reserve currency status...one of the best things that could happen to us in the long run, I believe. Read a very good analysis awhile back, which I'll post if I can find it, on how much being the reserve currency costs us. Historically nations in this role throughout history have profited initially but pay a long term cost. Excess liquidity leads to massive debt. We are there.

Think about a reality where:

we had to live on a budget...politicians couldn't spend what we don't have;

we brought our troops home and started minding our own business. Europe could dam well pay for its own defense;

etc.

lh
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