Loading ...Actually, in my mind, its the second shot, A defensive shot. The FIRST shot was opposite of today’s shot. The FIRST shot was when the “west” decided to take work and investment away from the USA.
Nixon in 1972 I think it was, the puppet that represented the west, went to China and made the arrangements.
“We are choosing you, China now to build up your wealth and economy, so you can eventually import from other countries. With your “earned” US consumer dollars) ” “Besides that, you can buy our US Bonds with your excess profits, and USA will pay you interest.” “Deal” 🙂
Along with a fixed (rigged) currency exchange rate, $1 per 7 Yuan to maintain the long term objective.
What’s happening now (or since 2008) is a major reversal out of necessity. USA is needy, China has a loaf under each arm.