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Last week Bear Stearns announced that Citic Securities, a top state-controlled investment bank in China, is planning to invest $1 billion in Bear Stearns. If you think countries like China and India have a major influence on US policy as holders of US securities, just watch as these countries shift from holding T-Bills to buying key US assets instead. Bearn Stears, Nasdaq, etc.
This is the beginning of a shopping spree that will have a major impact on the US economy and foreign policy for a long, long time.
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Chris
1986 930
1972 911S
1970 911E
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