Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>Chinese are willing to sell us stuff below "fair value" (whatever that means), it represents a massive transfer of wealth from them to us - not the other way around.<<

What "wealth" are they sending us? We are buying goods and services that depreciate quicker than one can down a meal at a Chinease Restaurant and in return we sell them debt that they earn income from for years to come. Indeed the massive transfer of wealth is leaving our shores.