[GratefulCitizen]

There's Chinese currency and US currency floating around.

China prints some yuan and uses them to buy dollars.
They use these dollars to buy US debt.

There's now more yuan in circulation, and the same amount of dollars in circulation.
This causes the dollar to appreciate relative to the yuan, giving the Chinese a trade advantage.

The Fed shrugs its shoulders, prints more dollars, and buys US debt.
Now there's more dollars in circulation.

The Chinese respond...
The net result is a contest to see which country can more successfully slave drive their people in order to give stuff to the other country in exchange for domestic inflation.

The Chinese have been winning this battle.
I hope it continues.

Meanwhile, in the good 'ol US of A, our big economic problem is unemployment and our big health problem is obesity.
So...the Chinese slave drive their people so we can "suffer" from being overfed and underworked.

If the game stops, our unemployment problem goes away.
Just don't see the problem.