[Manthink]

Embrace your debt, America. You are already the world's central bank: Your destiny is to be the world's savings bank as well. Expand your production to meet the world's demand for quality savings products. Forget this idea that deficits must be eliminated and debt must be reduced. That is not what the world is saying to you. No, the world is saying, "More! Give us more!"

 

https://theweek.com/articles/455261/amer...xport-debt

[red3]

It pays 5%

[teaserteam]

Don't think of it as debt.  Think of it as a deposit when you use your currency to buy USD.  Your buying of the USD becomes a deposit and is entered in the Fed's register as a debt. The more USD you buy,  the more debts will be registered in the Fed's book.  If you convert USD to your currency again,  the debt in the Fed's book is wiped.  China now learned the trick,  they wanted part of this lucrative business.

Quote from the same article.

The trade deficit is a long-standing problem that is not easily solved: It principally arises from the world's demand for dollars.... Since the world demand for dollars far exceeds the ability of the U.S. to produce enough goods and services to meet that demand, the U.S. imports far more than it exports.

[Manthink]

Don't think of it as debt.  Think of it as a deposit when you use your currency to buy USD.  Your buying of the USD becomes a deposit and is entered in the Fed's register as a debt. The more USD you buy,  the more debts will be registered in the Fed's book.  If you convert USD to your currency again,  the debt in the Fed's book is wiped.  China now learned the trick,  they wanted part of this lucrative business.

Quote from the same article.

The US trade deficit is a long-standing problem that is not easily solved: It principally arises from the world's demand for dollars.... Since the world demand for dollars far exceeds the ability of the U.S. to produce enough goods and services to meet that demand, the U.S. imports far more than it exports.

LOL!  You talk exactly like a Snake Oil salesman trying to fool his gullible clients to buy more of his product because it is good for them...
Wanna guess who are the Fools kenna forced into shallow US Debt believing it is a "deposit"  ?


The Korean won slid against the U.S. dollar on Tuesday in tandem with the weakening Japanese yen, as the Japanese central bank scrapped its negative interest rate for the first time in 17 years. The won declined 6.1 won to 1,339.8 per U.S. dollar from Monday's domestic close....the Bank of Japan raised its short-term policy rate to between zero and 0.1% from -0.1%....However, the yen's value fell as the Japanese central bank hinted that it may keep its loosening monetary policy.

https://www.koreatimes.co.kr/www/biz/202...70959.html

[Manthink]

S Korean and Jap Gov love takes order from their AMTK Master like a FU*KING poddles..... 


 




Japan and Korea have seen their currencies slide against the dollar in recent weeks due largely to reduced bets of near-term cuts to elevated U.S. interest rates.
https://www.koreatimes.co.kr/www/biz/202...72937.html