Chinese-Dragon
RETIRED TTA
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- Joined
- Jul 9, 2010
- Messages
- 33,932
- Reaction score
- 52
- Country
- Location
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?