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What will cause the collapse and why

does anyone know the numbers of how much bad debt other countries incured due to the u.s. housing scam? i know china bought a bunch. even though the u.s. is hated virtually in every country on earth, we were respected in the area of investments. i dont think the dollar will ever hold the same value, even if it doesnt hit the fan. on a side not, if another country buys bundled housing loans, they are now u.s. property owners right?
 
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