BREAKING: US Treasury Dept. designates China a currency manipulator.

NBC ^

[ealgeone]

I think so. It’s not all one sided for sure.

[ealgeone]

Yep.

[JonPreston]

bkm

[JPJones]

When you owe the bank $100,000, the bank owns you.

When you owe the bank $10,000,000, you own the bank.

[RushIsMyTeddyBear]

👍

[Freeborn]

I suppose we could declare the debt void and see what they try to do about it. The rest of the world needs the US far more than they need China.

[IllumiNaughtyByNature]

Simply raise tariffs by a commensurate amount?

Bingo.

[Skywise]

Well... we could get it from the tariffs...

[Churchillspirit]

So I’ll leave the solution to the experts and pray that God will give them the wisdom they need to keep the country save - and solvent.

[Churchillspirit]

save = safe.

[Churchillspirit]

Good point.

[odawg]

I think the Chinese have abandoned the Western style of diplomacy and re-adopted their traditional strategy of narrowing their eyes and becoming inscrutable.

[JerseyDvl]

In regards to #4.. Are you sure? Their sheer numbers combined with technological and nuclear capabilities make for a pretty even fight.

[Sirius Lee]

Good! It also needs to be removed from the WTO’s “developing nation” status. Kick ‘em in the nuts while they’re down.

[EQAndyBuzz]

Raise tariffs and the Chinese will keep devaluing their currency. It will get to a point where they can no longer afford a military. That should scare the piss out of sum dum Kim.

[TigersEye]

The beatings will continue until China’s attitude improves.

[Pilgrim's Progress]

We’ll be okay as long as they don’t send IP Man after us.

[walkingdead]

“What a business. I wish I could earn interest on money I created out of thin air.“

The absolute root of most, if not all, our countries problems.

[mrsmith]

Odd ting about this:
China has lately been manipulating to keep it’s currency UP! Has a peak amount of USD debts due through next year.

It’s not about trade, it’s about making it harder, and more expensive, for China to pay those debts.

[Scott from the Left Coast]

“so what’s that mean?”

First thing, I think it means another hundred million dollar contract with a Biden kid and many very large checks to the Democrat campaign committees and PACs.