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Do The Chinese Know?


The dollar’s dominance called into question – International Herald Tribune

But some analysts wonder how much longer China can continue to win at this game. Investing money in the United States requires spending that much less on enormous problems at home, like pollution and a shortage of health care. By indirectly making mortgages cheap in the United States, China has helped foster the boom that saturated Miami with glittering condos even as tens of millions of Chinese live in dilapidated concrete block apartments.

One more turn of the screw …

Does the poor Chinese know that his land is used to make build factories, which use Chinese labour to manufacture low priced products that are sent to the US to earn them over valued dollar – which is depreciating and used to build shiny glass building in the US – while the pooor Chinese still lives in a hovel.

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