Toddsterpatriot
Diamond Member
Stonger the dollar, and the lower the chinese ren, the more we can pay off/buy back our debt at a fraction
Stonger the dollar, and the lower the chinese ren, the more we can pay off/buy back our debt at a fraction
Our debt is in dollars, the behavior of the Yuan doesn't impact the cost to pay off our debt.
china is not holding a warehouse of dollar bills, they have it in assets, IOUs and trade deficit.
Our debt can be bought back for less, much less, if done right
Our debt can be bought back for less, much less, if done right
How? Dollar goes up 10% against Yuan....how does that help us "buy it back for less"?