shutosha on Nostr: Right .. China prints its currency to collect USDs its exporters bring ( thanks ...
Right .. China prints its currency to collect USDs its exporters bring ( thanks #walmart). With this collection, it buys US debt for a nice interest earning on top ..
Essentially it is printing its own paper to buy US debt :-)
In other words , China is not buying US debt ! US is buying China's debt for a 3 % interest -- buyer is the one who pays the price !
Published at
2024-11-23 13:43:04Event JSON
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