And where would the ChiComs rather spend those greenbacks? In Eurotopia where they can't even get .75 cents worth of stuff for a buck?
They can't give it to their employees, that would cause inflation and those billion ChiComs not in the system would want some of that "from each according to his ability."
yitbos
It sounds pretty much like if we go down, everyone else will go down the financial drain with us for one reason or the other. Then what? Longterm forecast wanted here.
Actually any further devalution of the dollar combined with reduced costs of US assets such as RE and stocks, should cause a stampede from these countries to come over and buy our cheap stuff with all the dollars they have!
I’m surprised it hasn’t already happened. The reason, probably is they still see a lot of these assets, especially RE as somewhat inflated.