>>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.
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