Posted on 08/10/2019 6:01:40 AM PDT by mplc51
Well here’s the game and right now we are converging on a point and they understand this. We could take the whole thing down. We can take, the whole thing’s built on a house of sand…
If they [China] devalue their currency they are just going to flood more out. They got $3 trillion of reserves and trust me, in a New York second that thing would flood out in a second. That’s what their own people think about their economy. We’ve allows these guys to push us around. We’ve allowed these guys to take the South China Sea…
This trade war is going to end in victory and what you’re going to see is a reorientation of the entire supply chain out of China…
(Excerpt) Read more at thegatewaypundit.com ...
Hard to believe someting built over the last 30 years could be so fragile. I don’t put much stock in this source either.
I guess we will see but I think it is going to take awhile and some difficulty here as well.
USA's exports only 1.5T/22T or 7% of GDP. Even if a "world wide global slowdown" of 10% were to happen because of the super hyped up trade war, it would only reduce the USA's GDP by tiny amount or about 1/10 of 7% or .7% of GDP. This is not a catastrophe. Imports would be unaffected in a slowdown.
93% of the US economy is domestic including what we produce foe exportation ( a tiny part of GDP = 7% ).
Bannon is loon.
Bannon is a hero and needs to be advising Trump now to counterbalance the establishment hacks like you that have surrounded him. I wish they’d bury the hatchet.
get lost loser
+ 10
You’re right.
He’s right the cost of their war machine is a huge money pit and they are losing their grip on other countries.
30 years is a drop in the bucket so to speak. Besides that they had tremendous help in those 30 years as well. We had over 100 years, but our own economy took a major hit in 1929 that lasted a decade. So not really hard to believe. Especially when you consider this is the first time any external pressure has been applied on them. Them devaluing their currency shows that they are already operating in desperation mode.
Are you a liberal? I ask because like a liberal instead of defending your position, you resort to personal attacks. How about making your case instead. Bannon may be unconventional in some respects, but the man is hardly a loon.
Interesting. He says this right after essentially making the case for pushing until China collapses then make a deal.
To your point, the trade war is not just a trade war. Its the most visible part of a larger effort to challenge China on multiple fronts. China is rapidly growing into a serious threat and we are trying to deal with it through mainly economic rather than kinetic means while we can. JMHO.
1) There’s truth to the statement that China is in a fragile position economically.
2) The new business class, middle class and wealthy classes got a taste of what Capitalism can bring and they will be a much bigger problem for Xi than farmers in rice paddies were 30 years ago
3) The One Child policy has resulted in a lot of horny 20 something guys and not many girls. That’s a real problem when an economy crashes
4) Now that China is the #2 global economy and the globe has given up trying to make a lot of stuff that China has been providing it’s gonna be bad when the wheels come off.
I doubt that there is no communication between them.
Too many similarities in their abilities to see the big picture and make big moves.
I’m more interested in taking America’s own deep state down.
He want's to see the complete destruction of the world's second largest economy which directly supports 1.2 billion human beings and indirectly affects all of Asia and much or the world. How many people do you think would die if China collapsed? The end he seeks is beyond unconventional. Even Trump saw that.
They are a mercantilist system, not capitalist
Some similar benefits but inevitably, unsustainable
Agree never trust them.
“93% of the US economy is domestic “
Yep. As opposed to 36% in China.
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