Possible US Banking crisis Affect the Donimican Economy?

[tugboaboat5393]

Ok financial grurus, with a lot countrys such as china dumping tresurery notes will this cause kaos and collapsing of us banking system ? will you need gold to pay chicas hehe !   

[uth]

Affect the tourism industry, slightly. But not the overall Dominican economy. As far as Chicas go, don't have the same mentality. They see fewer customers, they charge more to make up for the shortfall.

[stinqu]

Ok financial grurus, with a lot countrys such as china dumping tresurery notes will this cause kaos and collapsing of us banking system ? will you need gold to pay chicas hehe !   

China is selling off US T.B. to support their own currency, their real estate market is in free fall after the counties largest developer went into default in Nov. 23. They are using the USD to buy back Yuan and  artificially prop up the market and prevent a complete melt down. With every thing else going on in the world this kind of went under the radar, except in China, where people have lost tens of billions in the housing market.

[tugboaboat5393]

Spot on! hold on to your Hats !going to be a rough ride  !