China is $ hungry because $ is world reserve currency. The US is the central bank to the world. The US exports dollars to sustain global growth and Issues debt which central banks like CDs. China cannot "reposess" America because we have nukes. Outsourcing manufacturing benefitted our financial sector, which is no 20% of our GDP.
China is $ hungry because $ is world reserve currency. The US is the central bank to the world. The US exports dollars to sustain global growth and Issues debt which central banks like CDs. China cannot "reposess" America because we have nukes. Outsourcing manufacturing benefitted our financial sector, which is no 20% of our GDP.
derfilmmacher 4 months ago