The ugly truth about our trade deficit with China.:-(
The China Question premiers on CNBC on Friday night, June 3rd at 8pm. This looks like it is going to be the story that I’ve been looking for years. The symbiotic relationship that we have with trade-deficit to China. They subsidize our spending habits (US & EU) with their artificially cheap currency. Then with the $ dollars and Euros from their trade surpluses, they buy stuff. They buy our Treasuries to keep our Federal Debt a float. They have…