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Thread: Rise of RMB, bad or good?
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[quote=APAULT,36619]Teknomed, I see it a bit differently - it allows them US to spend far more than they have!!!! Countries can choose to hold other currencies....the Euro represeents a more powerful trading bloc than the US. If the businesses and governments stop holding the US debt, the US is in trouble. At the moment we all think the US isleading the world, the reality China already is simply because of its massive buying power and export of cheap products. Australia is an economic province of China, our stockmarket should respond to what is happening in China, not the decaying USA, but the 'old school' hasn't worked this out yet. If China's economy stalls, Australia will experience a depression...and the rest of the world will have some level of recession too.[/quote]
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