158 comments on Book Review: Why Your World Is About to Get a Whole Lot Smaller
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158 comments on Book Review: Why Your World Is About to Get a Whole Lot Smaller
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A good point. To the extent that they do continue to buy bonds, they may maintain some leverage over U.S. policy, though.
The Chinese are stockpiling hard assets. They have hugely increased iron ore imports, for instance, even though they have stockpiles of the stuff. The penny has dropped: hard assets > fiat money.