Jackwagon, what do you think the ChiComs bought 1.5 trillion dollars worth of t-bills with? Rice?
Like I told another poster, the first one to use name-calling is obviously losing the argument. Anyway, no, they buy t-bills with dollars. In other words, they buy paper with paper. And they got that paper from us, in exchange for goods we freely purchased. So we got useful *stuff* and they got a bunch of paper.