?China?s need to hold a trillion dollars leads directly to your mortgage or your student loan having a lower interest rate than it otherwise would. It saves you money. That means just because you?re an American, China is giving you a special deal. All these benefits for businesses, for individual borrowers, for the U.S. government, they mean Americans? annual incomes are maybe one or two percent higher than they?d otherwise be, according to Barry Eichengreen. The global dollar is worth hundreds of billions of dollars to the U.S. economy.?
Source: http://feeds.washingtonpost.com/click.phdo?i=c85de6cc234136c344baa75d134b79b4
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