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Trump's Economy!!!!
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<blockquote data-quote="vantexan" data-source="post: 3795170" data-attributes="member: 24302"><p>Chinese financing. They consider copper a semi precious metal and it's widely used for collateral. The Chinese were literally propping up the copper market for years and have huge warehouses full of rolls of it. Problem is their collateral is often used for multiple loans. Thus if a business fails and the collateral is taken to cover outstanding loans, it leaves a lot of loans without collateral. Their banking system is a house of cards waiting to fail.</p></blockquote><p></p>
[QUOTE="vantexan, post: 3795170, member: 24302"] Chinese financing. They consider copper a semi precious metal and it's widely used for collateral. The Chinese were literally propping up the copper market for years and have huge warehouses full of rolls of it. Problem is their collateral is often used for multiple loans. Thus if a business fails and the collateral is taken to cover outstanding loans, it leaves a lot of loans without collateral. Their banking system is a house of cards waiting to fail. [/QUOTE]
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