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Thread: US lends 85 billions dollars to AIG!
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[quote=APAULT,323420]The US is dying a slow death. It has been living on borrowed money for decades - this was fine as long as the economy could keep paying the interest. No more, they have stuffed up with misguided military adventurism, economic protectionism for critical voting groups, and simple greed. Unfortunately all nations are affected, some more than others. Personally I doubt that we are facing a world recession. One thing is different in this era: there are emerging economies ready to drive the world economy. China and the rest of the 'BRIC' should see the world through. Most importanly China has 3 trillion dollars reserves and countries like Australia have the natural resources. One shortage in China is skilled (really word class) technical and professional people. But if the US goes into recession there will be a big pool of specialists available form there - just done hire bankers and mortgage providers![/quote]
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