To: BobL
But like most everyone analyzing this, its probably too little, too late.
Im no friend of China, but I do think this move now gives them the pretext to move in, should the protests continue. The people of Hong Kong need to be careful now..\......
....
If the chinese army intervenes then the concept of one nation two systems dies. As a result the US will cut the hong kong dollar from its US dollar peg.
That will result in a collapse in the hong kong dollar. The chinese can prop it up —but it will cost them.
18 posted on
09/04/2019 8:59:40 AM PDT by
ckilmer
To: ckilmer
“a collapse in the hong kong dollar. The Chinese can prop it up but it will cost them.”
If it was just the Hong Kong dollar, foreign reserves of the mainland could maintain the peg.
But if they really have to, they will probably be dealing with stampedes and crashes on multiple fronts - supporting the Renminbi, the stock markets, real estate values, debt and banking failures, the economy, etc.
Beyond the end of the mainland’s foreign reserves, lies the abyss.
27 posted on
09/04/2019 10:37:11 AM PDT by
BeauBo
To: ckilmer
But like most everyone analyzing this, its probably too little, too late. Im no friend of China, but I do think this move now gives them the pretext to move in, should the protests continue. The people of Hong Kong need to be careful now..\...... .... If the chinese army intervenes then the concept of one nation two systems dies. As a result the US will cut the hong kong dollar from its US dollar peg. That will result in a collapse in the hong kong dollar. The chinese can prop it up but it will cost them.
Partner, President now has a lot of options on the table. There will be a total embargo on the Chicom economy and the Chicoms know this very well.
It will be the end of the Intellectual theft, the cheating and the copying of products made by U.S. companies.
We all wish that we could get just American CEO's as the head of the American company that they lead. An American at least has more loyalty to this country than a foreigner as the CEO of an American company.
No president in 28 years has ever even looked at these huge problems like we have right now in trade and foreign CEO's that do not have the best interests of our country.
This really tells us that we have not had very good U.S. presidents at all these past 28 years, since President Ronald Wilson Reagan.
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