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> This ignores the fact that dollar is used as a reserve currency. No, it's my whole damn point. Please re-read and stop it with the US "abusing" China by forc
by rsj_hn 5y ago
> This ignores the fact that dollar is used as a reserve currency.
No, it's my whole damn point. Please re-read and stop it with the US "abusing" China by forcing them to run huge surpluses against us. These discussions are not helped with such emotional outbursts -- we are talking about currency markets, not your kids' tuba recital.
>Well, they stop buying dollars, the dollar crashes,
Yes, the whole point is to get them to stop buying dollars. That's the goal. And no, the dollar doesn't "crash", the dollar falls to its true value, the one in which exports = imports. That is the only possible sustainable value of the dollar.
> USA keeps digging their hole ever deeper
The only "hole" the U.S. is digging is allowing China to purchase an unlimited amount of dollars. You think China allows the U.S. to do that? It is capital inflows into the US that need to be reigned in, just as China does not allow unrestricted capital inflows into its capital markets.
- naveen99 5y ago> The only "hole" the U.S. is digging is allowing China to purchase an unlimited amount of dollars. You think China allows the U.S. to do that? It is capital inflows into the US that need to be reigned in, just as China does not allow unrestricted capital inflows into its capital markets. What if the us pressured China and India to allow capital to flow to them instead ? Does this make any sense ?: https://twn.my/title/mai1-cn.htm https://twn.my/title/mai1-cn.htm