Originally Posted by smurgerburger View Post
Originally Posted by tableplay View Post
Originally Posted by mickeycrimm View Post
The Chi-Comm's have used the trade deficit money to buy up a lot of shit in the U.S.A.
It's quite a good gig they have going. Their government prints them up fiat (paper with ink on it) and then they exchange it for physical assets here in the United States such as expensive real estate.

Dollar denominated assets are purchased in dollars.
Holy smokes thanks for that !! I was thinking that Chinese Renminbi could be exchanged for USD and then the resulting USD could be used to purchase physical US assets. What was I thinking (I should have put the intermediate step in my previous post, but I just figured I wouldn't get nitpicked over semantics) ? Anyway thanks for setting me straight.