Question by sonyboy812: Can China create money out of thin air and lend it to another country to make money?
Can China do this just like how banks create money out of thin air via debt? Assuming the US pays back the debt, China will be richer. But, if US defaulted, it doesn't matter to China because they just conjured up the money in the first place.
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Can China do this just like how banks create money out of thin air via debt? Assuming the US pays back the debt, China will be richer. But, if US defaulted, it doesn't matter to China because they just conjured up the money in the first place.
Best answer:
Answer by Aleks
As far as I remember they conjure a lot of hard good and get paid with American airy money.. and then they lend it back to America.
What do you think? Answer below!
Related sites: Link , Link , Link , Link , Link
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