Domino effect - is the Euro doomed? debt threat
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the contagion effect, with the greece, italy and portugal and spain debt troubles.
Jim Rogers- Next Recession Will Be Much Worse- April 2010
http://www.youtube.com/watch?v=X7lnTkpyy-Q
Jim Rogers on CNBC Squawk Box
http://www.youtube.com/watch?v=P8kfo1pDyOY&feature=related
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today STI dropped like hell. all counters dropped like an atomic bomb. bloody hell the europeans after the US housing market in 2007.
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more bombs waiting to fall...soon it;ll be back to the US home/commercial property collapse again
euro will fall a lot more but it is the future becoz the world masters want it to be the future reserve currency PLUS they want more and more pan-national currencies like the euro.
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the europeans and americans will never regain their former glories ever again. it will be the rise of asian powers, china and india on the up and USA and europe on the decline. this century will belong to China. its a matter of time before they overtook USA as the no 1 economy in the world and as a result, a superpower.
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China is a paper tiger, don't forget they grew becoz the money came from the west.
China is still a factory for the west, they can easily shift their factories to India.............already, the west is trying to play India off China.
when the world goes into a depression or long and deep recession, don't be surprised if China will collapse. as long as there's economic growth, the people will put up with the communists otherwise there'll be trouble-makers stirring up trouble for sure.
the Soviet collapse was a charade put up be Yeltsin and Gorbachev, whoever that controlled these 2 can bring China down too.
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