Posted on 08/11/2015 7:41:45 PM PDT by tcrlaf
How does it hurt us to pay less for all the stuff we import from China?
I was explaining what countries “can” do.
Next we will see trade treaties shredded and tariffs reimposed.
Take a look at ‘29-32 for what is about to happen world wide.
Only Trump understands what China is doing.
The other politicians running against Trump are so worried about their donations coming in from big daddy donors beholden to China that they don’t even understand what currency manipulation is or how to stop it.Well even if these politicians were to try to understand what it means they couldn’t but of course they won’t because China owns them
China has been doing this to the USA for 25 years,artificially devaluing their currency so that USA companies cannot compete. So almost everything is now made in China. china stole whole industries from the USA. just one example . the USA invented the PC personal computer and made it in the USA . Now China makes 90% of the PCs in the world. The USA makes 0. This is repeated for thousands of products.
Only Trump has been saying this for long time. and only Trump can fix it. The other politicians don't have a clue and are owned by China anyway
I tried to make it simple to understand. But every time I explain this or China's currency manipulation people get a deer in the headlights look. definitely this is only something that someone that has higher intelligence can comprehend and Trump can , the others have no clue but are corrupt anyway and owned by China. They say Asians are smarter. and this example well they are
The Renmimbi yuan is not the only fixed currency. Central bankers have openly discussed fixing the Canadian loonie low with respect to the USD at times and have fixed it more often.
I understand the devalued Currency issue, but you can’t even BEGIN to address that, without addressing all of the other things that have driven American Manufacturing offshore, such as Unlimited Civil Liability, Unlimited Enviro Liability(even when you didn’t so it), Runaway taxes, Job-killing Enviro regs and edicts, etc, etc, adn.?
And other Asian currencies will respond. Also, we running big deficits with EuroZone, so this has little to do with cheap wages.
You are saying that China’s currency manipulation and many other unfair trade practices against the USA have not done damage to the USA.So you don’t understand what China is doing
I didn’t say that, at all.
American Industry has been being OUTFORCED by the insane regs, liability, and Legislation since the early 70’s. Remember what happened to steel?
This started LONG before China ever became a factor. The plants went to MEXICO, long before they ever started moving to China.
China is not just doing this to the USA but mainly the USA.China is also doing this to most countries in the world . China makes most of the PCs (90%), cell phones (80%), air conditioners, shoes etc in the world. that’s 1 country making most of the world’s products. Other countries would have competitive advantages in labor if it weren’t for China’s currency manipulation and other unfair trade practices.
China has all the tech, automated factories, robots etc. not even dreamed of in the USA nor other countries.
China has destroyed the USA. Obviosly you don’t get it .
The fallout is starting....
RANsquawk
59 seconds ago
#RBI and #BankIndonesia suspected to have intervened in FX markets to support their currencies
I’m sure Obama has commented on this.
LOL!!! I kill me!!
it’s not like they had $880 billion yuan and printed another $100 billion every month for 7+ years
seriously, it takes some large brass ones to complain about china devaluing their currency while you’ve been doing it nonstop
China is not really a bad guy here. The issue is that the Yuan is pegged to the dollar, and the dollar is soaring against the Euro, among other currencies. Therefore the Yuan is appreciating against their largest trading market, which is the EU, not the US. They had to depreciate against the dollar.
Yepper - our sick economy gets even sicker while China can "stay home" to really profit. I wonder how this affects their posture with all the debt they bought - could be another plus for them by taking "expensive" Dollars in as payments and later on having a LOT of extra Yuan down the road.
China benefits and we take another one in the butt.
One thing we cannot do is single entry accounting. The strong dollar makes imports cheaper, improving the financial condition of many workers, companies and consumers who depend on and purchase imported goods.
There’s one thing I know about the American economy: it is resilient when allowed to be dynamic.
We’ll get through this central planning nightmare. It’s the Chinese who risk a crack up.
likely they’ll be successful. the usa will pay the price.
How does it hurt us to pay less for all the stuff we import from China?
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This also means that US exporters will be undermined by Chinese exporters in latin america africa south asia and everywhere else. As well US producers for the US domestic market will face more competition from Chinese imports.
The result will be that while prices will be cheaper-there will be fewer jobs to provide people with salaries to buy stuff.
Electricity use is a reference for measuring industrial/ manufacturing activity.
http://www.reuters.com/article/2015/03/26/china-coal-idUSL3N0WL32720150326
http://wolfstreet.com/2015/07/23/china-electricity-consumption-growth-drops-to-30-year-low/
Har. I read once that China uses five times the energy of the United States per equivalent unit of industrial output.
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