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The Dollar, the Euro and China

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Karl Denninger punctures more fantasies.

China makes its money (and keeps its massive population under control) by selling us junk.

When - not if - when the US is no longer able to absorb Chinese slave labor made products, China is going to have a problem.

Meanwhile, all the hot money flowing to China is causing real imbalances...like the building of entire cities that NO ONE is living in.

"It only looks good as long as it goes on."

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