Posted on 08/06/2019 12:20:23 PM PDT by SeekAndFind
To All:
Rush said as his show began today that the Chinese re-valued their currency UPWARD today, and the stock market is up 330 points.
Time to go to plan B, democrats.
I guess Trump is toast because China certainly doesn’t want to deal with him for another 4 years when it could “negotiate” with Kamala or Fauxcahontus with much more satisfying results... Will the Dems protest China messing with our elections? Wasn’t it great when Obama was in charge and our economy grew at a snail’s pace? /s
So, double the tariffs.
The objective must be to reduce Chinese imports into the US.
Raise them as high as necessary to achieve that objective. Or, embargo them. Or cap them by total value (equal to US exports).
Whatever is necessary to achieve the objective.
As they devalue, we increase the percentage. Sooner rather than later China will have to either abandon their tactic or lose even more.
Just like clockwork, same old same old
Sheesh
RE: China threatens to sell part of its holdings whenever the United States pressures it to raise the yuan’s value.
Let’s say China does that ... what happens?
The worst case is treasury yields go up and THEY LOSE because the value of their holdings go down. These holdings will eventually be bought by the international bond markets AND worse comes to worst, the Federal Reserve.
China cannot use the dumping of US treasury as a weapon. They’d only be shooting themselves in the foot.
RE: Whatever is necessary to achieve the objective.
I’d like to know what the ultimate objective is.
[Sure, their economy will be hurt as well, but what do they care? Can their party be voted out of office? Nope. They are a ONE PARTY system where the Communist Party will be in power whether their economy is good or bad.]
https://en.wikipedia.org/wiki/Hua_Guofeng
He'll lose my vote if he drinks too much of the gun control kool-ade.
The Constitution trumps everything.
They may play the long game , but I don’t think there is smart or as wise as people give them credit for.
See post number 9.
We don’t know if that’s what’s going to happen, but they sure have open themselves up to it.
China has a huge amount of debt priced in dollars they will collapse if their currency devalues enough to counter the tariffs.
China is losing and Trump is winning.
“I’d like to know what the ultimate objective is.”
The objective is to reduce, and/or eliminate the largest transfer of Capital Stock in the history of civilization.
The tactics are to reduce the balance of trade deficit with China (and others later) to zero...and perhaps a net positive.
We are dealing with cut-throat Mercantilists. They studied the rise of America from about 1800 onward and they learned their lesson well.
Mercantilism from a position of power, works. Extraordinarily well.
Free Trade is for the stupid. And those who seek to cease to exist.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.