China, an economic threat (user search)
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  China, an economic threat (search mode)
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Author Topic: China, an economic threat  (Read 938 times)
opebo
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« on: March 19, 2010, 05:30:40 AM »

I still don't see how they can buy more dollars than we can print.  I mean, even if they're just printing renminbi to buy our printed dollars, that's a tie - the creation takes place at the same rate.

Just type 'one trillion dollars' into an account on a computer at the Federal Reserve, and then send buy orders billed to that account out for renminbi.  Voila - cheaper dollar, more expensive renminbi.
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