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by baybal2
1735 days ago
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You are mistaking a cause, and effect here. 40 years of "misplaced policy," were a 40 years of actually very deliberate, and well placed policy called "monetary expansion." Everything to facilitate the sale of US debt around the world, probably including a conscious effort to open door to foreign creditors at the expense of US industry was taken. Chinese call this schema "You make all the work, and I make all money" |
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Inbound capital transfers aren't “at the expense of US industry”.