Posted on 04/02/2020 7:02:49 AM PDT by NImerc
China, isn't that the country of origin for 5 of the last 8 deadly viruses?
I wonder how much US aid is going to those countries? If anything it should now be ZERO.
It’s more like I am prepared for the worst, I don’t really take any pleasure in being right. It is a shame that many people in this country live day-to-day. This just allows the Libs to control the populations’ life.
Well said, and I agree.
They’ve tried this before, and using precious metals made sense, but apparently that fell out of use.
I believe Venezuela was also involved, then.
the Fed will kill the dollar by creating trillions & trillions of them out of thin air.
Because it was the easiest way to create a world wide pandemic is to use your own vast population.
USA counters all debt owed to China wiped off the books due to them infecting us with this virus. Then we Americans buy our own bonds and invest here.
First time I've seen this clip. ROTFL!
On the surface it does make sense, due to how expensive dollars are right now to buy from most any local currency.
Underlying, sure, China is playing a long geo-political game...
This situation does seem to have had some beneficial side effects from the PRC’s PoV — No more protestors out in HK, some severe economic damage to its main rival, and a huge increase in demand for stuff that is only made in China now.
Well stated and also a sign of how poor some of these countries are. With dollars being so costly now, even the BS local currency looks like a tempting enough deal to get a little better margin on some stuff sold to each other.
Hahaha!
Because (1) plausible deniability, they can either say it was accidentally released or it was released by the United States, (2) they have a substantial elderly and sick population that their shitty, corrupt economy cannot handle when the bills come due, and (3) they have cover to do a mass cleansing of dissidents.
China gets to kill their own financial burdens and opponents while poisoning the west.
Did no one notice that this currency is to be backed by gold?
Um sure, as in when the mood strikes them.
Hey, I gotta bridge in the Everglades to sell ya, interested?
i wonder though if they’ll benchmark their currencies’ relative worth against the dollar, or if they’ll use a complex matrix of direct relative valuations? i can see where the latter method could lead to a lot of disputes ...
I think this issue of China as the ascendant superpower is overblown. China is not in such great economic shape right now.
It is true that the US has made serious strategic errors regarding China, but the mitigation of those errors is dependent on corrective actions WE take, not them. We are not at their mercy - not yet.
We have a President who understands all this, and has been warning us about China for 35 years, and in just three years, has already taken profound steps to restructure our China policy. We need to reclaim our manufacturing base and regain our strategic self-sufficiency.
There are various theories regarding China having financial leverage over the US, due to their huge US debt position and US$ currency holdings, but it is by no means a given that they could somehow translate that “on-paper” advantage into a practical takeover of US sovereignty.
They have used those $ to buy a lot of US real estate and corporate stock, and they have built up a huge gold reserve while we have diminished ours.
But if push comes to shove with China, the only important realities will be military power and economic power - not the fiscal balance sheet.
We have time to bolster our strength in both areas if we can find the collective will to defeat our own deep state Globalist political movement - that is the real threat to the Republic - not China.
why other 5 of 8 not mentioned ?
China exports $2.5 trillion annually (2018) and imports $2.1 trillion. $5 billion is not that big a deal in the short term.
On top of that, their dollar reserves are in even worse shape. When everyone is scrambling to buy bonds now, China is selling them like there is no tomorrow in exchange for dollars because no one wants yuan. They can’t do that for very long and soon enough their imports will start to suffer.
The U.S. debt to China is $1.07 trillion as of December 2019. That's 16% of the $6.7 trillion in Treasury bills, notes, and bonds held by foreign countries. They can always sell T-bills to get dollars. T-bills are not that great of an investment now that the Fed has lowered interest rates to almost zero.
China holds reserves of foreign currency and gold of $3.236 trillion (31 December 2017 est.) Most of their imports involve energy (oil, gas, and coal) and agricultural products. The top five import partners are South Korea 9.7%, Japan 8.6%, US 7.3%, Germany 5%, and Australia 4.9% (2018).
A strong dollar will hurt imports, but the Chinese will use the weakness of the Yuan and the strength of the dollar to gain a competitive advantage. The current low cost of energy will also help their exports and imports. The Russian-Saudi deal today could change that.
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