Thursday, February 4, 2010

Biggest Bubble of All

China's reserves of USD looks to the biggest bubble and the biggest ponzi or pyramid of all, and even China can't control it. We have heard about Multinationals growing so big that they will start controlling Governments and ultimately the world. But now that most of the big multinationals are going kaput (will Toyota be the latest? -

Toyota Halts Sales of 8 Models in U.S. for Pedal Flaw ) , this fear is gone.

But the red nation is getting so big with its reserves, that they can buy the biggest banks or even whole econmies. Like the article here says, "After all, if economies were for sale, China could use the $453 billion of reserves it amassed last year to buy Greece and Vietnam and have enough left over for Mongolia". And that is only the reserves it amassed last year.


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