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If anyone does any bankrupting, it will be China. All they have to do is shut off the money spiggot they have left open for so long as we borrowed ourselves into unmanageable debt.
The day China shuts off the borrowing and calls on all our notes, the dollar nosedives to the worth of it's paper and we face the reality of a possible Argentin-ish bankruptcy.
Both China and the Saudi Royal Family (through trillions invested in american stocks) have us by the balls that way.
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