Chinese-Dragon
RETIRED TTA
- Joined
- Jul 9, 2010
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This is how it works. US prints dollar. China uses its labor/resources to earn that dollar and then gives it back to US so that I can spend it. Now who exactly is winning here
LOL, the entire world knows that America is declining in terms of "relative power", while China is increasing in terms of relative power. America has still got a huge lead in nominal power though.
But still:
- $14 trillion debt, biggest in the world
- Biggest trade deficit in the world, and it builds up every year
- 0.8% economic growth
Can you explain to me how the above are good things?