Posted on 08/05/2019 9:48:58 AM PDT by SeekAndFind
No, I just love America and hate to see our economy mismanaged by a fool.
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Sorry but your Globalists, Kowtowers to China and open-borders advocates have had their decades and were well on their way to the destruction of America and American citizens. Now is the time for a new approach...an approach which is working but whose success you cannot see in your blindness and narrow mindedness.
...And China sets the Yuan back under 7 to the dollar at today’s opening.
LOL!
China WANTS to keep the Yuan up.
But can they?
Wow, china is getting desperate. Devaluing will hurt their move into global currency trading, and it will hurt the standard of living of the chinese people. I think the Hong Kong currency is linked to the US dollar, so they’ll be hurting Hong Kong. All of this hurting will come back to them. China is a house of cards. A big house of cards, but still a house of cards.
We are one of the largest global currency manipulators in existence, thanks of course to the fed. We not only kept interests rates at almost 0% for 10 years or more but then compounded that manipulation with quantitative easing on multiple occasions continuing to print money out of thin air. It’s laughable to point fingers at countries accusing them of monetary sins we are guilty of dozens of times over.
Actually it is even better than that.
Think hard about this: US imposes tariffs. China manipulates currency lower so that US consumers see no price increases in dollars.
Now tariff money is flowing into the US Treasury, but US consumers are not seeing any price increases. What has happened is that Chinese workers are being paid in money that is not worth as much, with the difference going into the US Treasury.
What has really just happened is that our President has figured out how to tax Chinese workers. What is not to like about that!
But if you watch the WSJ types on Fox you'd think the world is ending!!! I hate the WSJ asswipes.
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