“Nothing like a little communistic market distortion, yes?”
Unfortunately the communist driving this is in the White House. Red China knows the dollars it is receiving for its cheap lead-painted trinkets are losing value daily due to our massive spending (although this inflation is still not reported to the American public, who see it every time they buy groceries and gasoline), and it is simply trying to preserve the value.
It’s worse than that. They know that the reserve currency status of the USD hangs by a thread,as the “petrodollar”. So they are actively seeking its replacement with a gold backed Yuan/Renembi by entering into currency/trade agreements with other nations across the globe, undercutting the use of The Buck to settle commerce. When/if the fall of the USD occurs, the SWHTF like we can never imagine.
Count on a big war to keep the USD afloat; it’s worked before.