this is all insane
usa should just save china the bother and hand over the us$ printing press, after extracting a promise that all notes printed will be exchanged for usa t-bills, which btw can also be out-source printed in china, and so skip all the intermediaries, they be financiers, banks, brokerages, factories, workers, consumers, investors, and such inconvenient hangers-ons :0)
when first starting working life in china back in 1984, a 5 million us$ investment in china anywhere was great big news china everywhere
and in 1988, before the recession (defined as 6% growth) caused by june 4th 1989 tiananmen episode, an annual us$ 5 bil foreign direct investment to all of china by 100 nations was a record breaking year, and now
reserves, i.e. surplus savings and excess capital, growing at us$ 1.9 bil per day
amazing, the secret weapon known as the printing press |
