From Petro-Dollars to Land-Dollars. The irony of recycling American wealth is bittersweet because we just end up enabling the lifestyles of truly awful people.
How do they get the money out of the country? The big island of Hawaii is very underdeveloped. A perfect place to take over.
Well said. Many people do not understand that dollars are only of use for buying things denominated in dollars and eventually all dollars must come home. The Chinese are going to learn the same bitter lessons that the Japanese, Germans, and most of the ME has learned. Taking US dollars in exchange for tangible goods and then having to spend the surplus on hyper inflated real estate and corporations is a fool’s bet.