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Originally posted by Agamemnon+Apr 1 2005, 11:03 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Agamemnon @ Apr 1 2005, 11:03 AM)</td></tr><tr><td id='QUOTE'>
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Originally posted by Bertuzzied@Apr 1 2005, 05:25 PM
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Originally posted by FlamesAddiction@Apr 1 2005, 03:55 PM
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@Mar 31 2005, 09:33 PM
Hey if Oil is at $105/barrell won't that bankrupt Bushy and the US?? we are in big trouble. If we know the US economy will crumble(they are like 5 trillion dollars in debt) so i'm sure it's bound to happen how can we "short" the US so we can make money off them? The only way i can think of is buying euros but is there any other way?
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If oil goes to $105 a barrel, Bush and his buddies will make a lot of money.
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Yes i'm sure of that. BUt the US economy will probably crumble.
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Probably, but I doubt it would crumble badly in relation to most of the rest of the developed nations. China would be fairly screwed, as their energy demands are skyrocketing. $100 a barrel would severely cripple their growth.
In fact, maybe $100 would be great for the US strategically... its already developed a fantastic financial/industrial base while China's is still fledgeling. This would be a great time to put the breaks on Chinese growth, and this would certainly be one way to do it. [/b][/quote]
China's always got steel. That's a HUGE moneymaker for them right now. Steel prices are nuts.