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America prints money for China to spend.

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  • America prints money for China to spend.

    For the last 3 years or so, China had been on a spending spree, subsidizing cars and appliance purchases, building skyscrapers, high speed rail, buying up mines all over the world, giving out subsidized loans and freebies to American factories moving to China.

    All this is possible only because Bernanke is printing money.

    Isn't this ironical?

  • #2
    Re: America prints money for China to spend.

    QE2 is not doing China any favors, if it was a game of chess between the central bank chief in China it was equal to check from Bernanke. It just helps to push up their domestic inflation to the level that they overheat, thus leaving the relay baton to the US.

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    • #3
      Re: America prints money for China to spend.

      Originally posted by nero3 View Post
      QE2 is not doing China any favors, if it was a game of chess between the central bank chief in China it was equal to check from Bernanke. It just helps to push up their domestic inflation to the level that they overheat, thus leaving the relay baton to the US.

      The game has changed in the Chinese new world order, no one really cares about inflation - economic growth, industrialization, employment and having a more powerful military - in other words, national strengthening and supremacy, in order to avenge the 200 years of national shame, is all that matters now.
      Last edited by touchring; January 27, 2011, 12:23 AM.

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