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If you combine this vulnerability with the national security vulnerability of a lack of energy independence, China will not have to wait for military parity, we will sell it to them. The only thing holding them back now is energy independence.
This is not about Budget Deficits and Americans not saving enough money. The nation's banks, Fannie Mae, Freddie Mac, etc. have traded in (borrowed money to purchase)synthetic Collateralized Debt Obligations (CDOs), which have become worthless in the open market. The debt for this irresponsible, under-regulated trading is in excess of $45 Trillion USD.
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