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Many people don't realise. America has been exporting inflation around the world while China has been exporting deflation through cheaper goods. China is the ma
by jumping_frog 2y ago
Many people don't realise. America has been exporting inflation around the world while China has been exporting deflation through cheaper goods. China is the main reason for World's prosperity.
- ativzzz 2y agoAnd China was able to scale up the mass manufacturing of cheap goods because rich western companies dumped their money into China to capitalize that manufacturing. It's all interrelated
- jumping_frog 2y agoEuro dollar system just printed that money out of thin air. It's the Chinese products which are providing value backing to that printed money