Posted on 08/27/2018 3:32:46 PM PDT by davikkm
Do you remember that old campaign adage, “you’ll get tired of winning”? It was a fun line to scream in the face of your liberal friends, yet I bet not so many Americans, even hard-core Trump fans, took it very seriously. However, not two years into his presidency, Trump is proving why is better to have a businessman as president, than a life-long politician or apparatchik who never made any money in the free market. Today’s news went under the radar, but this is as important as it gets. The thing about the Chinese is that they’re known for their patience and cunning abilities, yet their schemes do not seem to work with Trump. And that’s perfectly understandable, since they’re not accustomed to America’s politicians playing to win (for their country, that is). Which is what Trump does. Winning is his specialty, or his special power if you like.
Here’s from CNBC:
“The yuan has come under intense pressure in recent weeks on concerns about the outlook for the Chinese economy, the world’s second largest, in part resulting from the ongoing tariff conflict with the U.S. On Friday, the People’s Bank of China appeared to respond to that pressure, announcing that it was reintroducing a calculation method it called a “counter-cyclical factor” to keep the yuan’s daily midpoint fixed to a relatively stable value.”
(Excerpt) Read more at investmentwatchblog.com ...
HAPPENING NOW: Stock Market Hits an ALL TIME HIGH Following Trump’s Successful NAFTA Deal
patriotbeat.com | August 27, 2018 | CNBC
Posted on 08/27/2018 1:35:39 PM PDT by UMCRevMom@aol.com
http://www.freerepublic.com/focus/news/3682665/posts
Big Winning on Little China.
why is better to have a businessman as president
Stupid article. Romney was a businessman.
Romney is no Trump.
Trump said NAFTA was dead. It’s somethin like the Mexico United States trade agreement now ...
No. Not “A” businessman. THIS businessman.
great except that the trade deficit with china keeps rising.
from now on it'll be called "NNAFTA".
I would contend that Romney was a looter rather than a maker, and can only be considered a "businessman" in a tangential way.
Try reading celebrated economists Thomas Sowell and Walter Williams on the subject of “trade deficits”.
hahahahahaha
As much as I appreciate Mr. Trump, or President, caution is suggested. The negotiations with China are not over.
What I see going on is concerning, and NOT being reported.
The Chinese government has told all the banks that they will no longer accept US Dollars. It has to be in yuan.
What this means is that all the Europeans, all the Russian, all the people from Dubai, all the nations in South America will have to pay in yuan to have their products made in Chinese factories.
and they ARE DOING it.
What do you think that this will do to the US dollar... in a year or so?
Stronger than ever, as the US begins to produce its own well-made products, and stops buying cheap sh*t from China, no matter what label has been slapped on it.
They will explain that trade deficits are good for the USA but bad for the rest of the world because the USA is a global currency. Is that correct?
In any case that has been the mantra for the USA since the 1970’s oil embargos that jacked up the price of oil and defunded the USA.
Not all businessmen are cut from the same cloth - 98.75% of politicians seem to be cut from the same cloth....many more qualified business men than those who choose politics as their “occupation” (more like a hostile occupation/enslavement type career...).
... until the next dim or rino is elected.
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