[Yet_Again]

Sooner or later -- when the Chinese are convinced that the Fed is determined to crash the dollar -- they will spend their reserves doing what we've always wanted them to: by buying U.S. products.

No, they won't. They will spend them buying US companies, irrevocably transferring the means of production into the complete control of the People's Republic of China. Those of us who "fear the trade deficit" as you claim have never held any illusions that our "free trading" partners will ever return the favor by running trade surpluses with the US. This has been about a massive transfer of wealth from the hands of the evil greedy capitalist first world for the democrats, and padding the bottom line of corporate contributors for the republicans.

[Yet_Again]

Edit the last to read “will ever return the favor by allowing themselves to run trade surpluses with the US.”