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/biz/ - Business & Finance

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15977081 No.15977081 [Reply] [Original]

Reminder that this almost happened last time, the Global Financial Crisis would have been much, much worse. And that was back when we had a much better relationship with China.

Meanwhile the current debt/housing/equity bubble is far greater than in '08. Not just in nominal terms, but in percentage of GDP as well. If this happened today it would easily rival the Great Depression. It took 17 years for GDP to recover back to the point it was before the 1929 crash.

And China's portion of the USA debt has ballooned up over a trillion, and they've surpassed Japan to become our largest creditor. They don't even need Russia anymore to launch WOMFD whenever they want to.

>> No.15977082
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15977082

>>15977081

>> No.15977108

the debt is china's problem. the US can devalue as much as they want

>> No.15977132
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15977132

>>15977108
Yes, good goy... Bailing out the major banks/firms via massive inflation surely wouldn't have any ill effect on the economy or the personal wealth and purchasing power of every US citizen ;-)

>> No.15977144

>>15977132
indeed, that's how devalueation works, only imports become more expensive

>> No.15977203

>>15977144
Gee, it sure is a good thing that our economy doesn't completely rely on imports especially from China! I'm sure once the dollar starts cratering all other countries will just continue exporting to us at the same rates without questioning anything!

>> No.15977206

>>15977081
Just tell us the coin for fucks sake? Is it on Binance?

>> No.15977493

k retard, short the market and shut the fuck up while you lose money