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Old 11-08-2011, 06:13 PM   #54
kingkilburn
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After reading this thread I can see that people truly don't understand how China does what it does.

Their money comes from manufacturing goods. They keep a highly favorable balance of trade by having low wages. They keep the wages low by devaluing their own currency. They essentially use US bonds to pay their bills.

Now why on earth would they cash in those bonds(making their goods to expensive) or worse yet attack us(we would never honor bonds and loans from an enemy nation)? That absolutely ruins the place they have carved out for themselves.


You want to stick it to China? STOP BUYING FROM THEM.
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