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No surprise there, if you look at the trade surplus China has. They send us a few million metric tons of stuff each year and we give them a few numbers in a co
by snarfybarfy 8y ago
No surprise there, if you look at the trade surplus China has.
They send us a few million metric tons of stuff each year and we give them a few numbers in a computer in exchange (USD or EUR).
Now they try to get something real for a small part of those fiat numbers. If they were serious and sold all their treasury bonds (1.2 Trillion USD) they could probably buy all beach-front properties in the US.
1.2 Trillion USD buys you 1/20th of all US real estate (estimated at 25 Trillion USD in 2013),
or it buys you 1/8-th share of all NASDAQ companies.