Chinese-Dragon
RETIRED TTA
This is how it works. US prints dollar. China uses its labor/resources to earn that dollar and then gives it back to US so that I can spend it. Now who exactly is winning here![]()
LOL, the entire world knows that America is declining in terms of "relative power", while China is increasing in terms of relative power. America has still got a huge lead in nominal power though.
But still:
- $14 trillion debt, biggest in the world
- Biggest trade deficit in the world, and it builds up every year
- 0.8% economic growth
Can you explain to me how the above are good things?