Originally Posted by tableplay View Post
Originally Posted by smurgerburger View Post
But the only reason they can exchange their currency for dollars is because the counterparties want their currency...to buy their goods.

I'm trying to understand what your "good gig" notion is.
Trading paper with ink on it for physical assets - like getting a house for handing over a briefcase loaded with paper that has ink on it. A counterparty will take the action because they take a vig when they do the currency exchange (of Renminbi to USD).
Market makers take a vig. Counterpartys pay the vig, because they want the currency, because there is an enormous demand for Chinese goods.

Furthermore your disparaging remakes about currency apply to all cash transactions...what does any of that have to do with China?