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By Paul Craig Roberts
http://vdare.com/roberts/090603_storm.htmThe American standard of living has been destroyed by wars, by offshoring of jobs, by financial deregulation, by trillion dollar handouts to financial gangsters who have, so far, destroyed half of Americans’ retirement savings, and by the monetization of debt.
This article says that China is having concerns about using US dollars for reserves. If the US loses reserve money status, then there could be a lot of dollars coming back home. I wonder if they could manage this before the markets were hit?
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