Reply #69: More like midwar salvo

[Hawkowl]

This is just another bit of evidence of China exchanging all the dollars it earns from the US into other currencies and real goods and commodities. China is sucking up so many dollars they simply must dump them abroad and buy virtually anything and everything to keep their domestic inflation from causing riots at home. They buy copper mines in Australia, oil fields in Africa, joint manufacturing plants in Brazil, and now sovereign debts of Europe. Pay for it in soon to be worth less dollars and get nice shiny stuff in return while avoiding the nasty peasants' next cultural revolution.

China, unlike the US, has a very deliberate longterm economic/industrial plan--and it appears to be brilliant. When I was in Economics grad school 25 years ago, 80% of the class was from mainland China!! Looks like they are doing a kick ass job to me.