How Currency Manipulation Can Drive Up the Balance to Create a Current Account Surplus

In an open society, in a globalized economy, they'll export those shovels. So exports those shovels and they are paid for those shovels in a foreign currency of whoever they sell it to. And then what is it to do? They're paid forThose shovels in dollars but they lent the dollars to the foreigners. The money was exported, the excess American savings of $10 was exported to the foreigners who use those $10 to buy shovels.