View Single Post
Old 11-29-2010, 04:18 PM  
_Richard_
Too lazy to set a custom title
 
_Richard_'s Avatar
 
Industry Role:
Join Date: Oct 2006
Location: Earth
Posts: 30,990
Quote:
Originally Posted by TopBucks Lilit View Post
USD is supported by China. No way China would let USD fail and harm its economy by losing their main trade partner.

Just look at the numbers:
http://www.uschina.org/statistics/tradetable.html

Not to mention that China is the main investor in US economy.

Thus in my opinion it's too early to speak about US(D) collapse because everyone realizes that it will be collapse of the entire world's financial system.
i'm not so sure that china wouldn't let the US fail, money is money
_Richard_ is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote