This guy is right. This is the best way to get China off our Dollar. They have recently been braying in their think tanks about selling off their reserves of our Dollar in response to threats on our side of sanctions, which would indeed have a devaluing effect, its a threat which would have economic effects in ever inch of America, even as it beggars their own nation.
Not that they care.
This all is a combination of allowing the Dollar to deflate AND a threat to Sanction Chinese goods entering our markets by the same amount they are cheating at in pegging the Yuan to our Dollar. It seems to be having an effect given the response.
Hey China, get used to it. Business IS war. We know how to fight it a LOT better than YOU do.
Damned straight. Economists call it all kinds of things, from “corrections” to “depressions.” I call it recycling. You can hear the “poof” of a bubble, and the crank of the rebuild, all across American history. We’ve done this since day one.
The reason we can get away with it is that, overall, we’re allowed to buy low and sell high. Most places around the world and over history have been told what to buy, when, where, and at what price.
How amazing it is, this little thing called liberty.