When their (China) currency corrects, if it increases in value like most think it should, they will be able to buy more of our stuff with their currency and we will be able to buy less of theirs with our currency. And they have a lot of our currency.

Any money,........ gold, silver, US Dollar, Swiss Franc, Zimbabwe Dollar, etc., etc............ are all only worth what the public thinks they are in terms of what they can trade them for goods that they need and want. The big difference in hard money and paper currency is the hard money can not be created at the stroke of a keyboard or the printing press. That is what makes them valuable.

Here is what happens when too much paper money is created.   Belarus currency devaluation.

Keep in mind our government is bent on reducing the value of our currency so we will be more "competitive" with exports. Works for me, I am a farmer and produce something to export. Going to be hard on a lot of others on fixed wages or income.

John