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Re: The China Surge
They have so many USD that it probably doesn't matter.
I saw somewhere some astounding percentage of Chinese goods in stores. Something like 60% or more. Given the insatiable American appetitie to spend everything they have and more, China will be the supplier of choice for a long time. Although poor quality and unsafe products is very bad, there is something even more ominous to the US. I saw that they're holding over $1 Trillion in dollar reserves. With the dollar falling like a rock, China is looking to convert some of that. They will soon be buying up US assets and will soon control our economy. Larry Foster |
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