[quote=FlyerInHi]The Chinese debt is in RMB. Can they not just monetize it away?
Question is that we have excess savings in the west. Why are we not investing to building things that improve people’s lives? Companies are swimming in cash but they are not investing because the policies to spur demand, which by definition includes ability to pay, aren’t there.
Other questions is humanity is better off today than 30 years ago. Why are we not celebrating and participating in initiatives such as Relt and Road to improve lives.
I read Has the West Lost it? Good book. The author wrote a previous book in 2009 and he was right. Since then, China built its whole high speed rail network. They have amazing technology to build bridges and roads.
—> blatant political threadjack- but I am sure you will agree. Has the West lost it? About half our nation aspires only to make abortion illegal and to openly carry guns wherever they go. They dont dream of exploring space, making energy cheaply, none of that. Our biggest worry is that some out-tribe will steal our cookies so we gotta constantly guard them. No I dont thing we’ve lost it but we are well on our way.
