Peter Thiel on the 'completely crazy' international dollar system.

"The basic flow is that we have 500 billion dollars that we import from China and 100 billion that we export to China.

And In effect 400 billion dollars in cash flows uphilll – from being saved by poor Chinese peasants and being invested in low-yielding US government bonds.

So if you are looking at this from outer space, that alone tells you, that this is just a completely crazy regime." – Peter Thiel (co-founder of PayPal and Palantir)

More about it here:

Excerpt from HooverInstitution video:
Peter Thiel on “The Straussian Moment”

[BakerWase]

Can someone explain why China does this? Why artificially hold back their currency when they could seemingly use it? Why allow Americans to have the cake and eat it too? Is this something Kissinger knew would happen when he opened China up?

[chhopraki]

so why the f** then are you worried about china wanting to diversify into Bitcoin. You need to explain!

[QuantPhilosopher]

Does he actually believe that it's the peasants' capital? He must not know a lot about China