Posted on 08/14/2019 2:21:10 PM PDT by Tolerance Sucks Rocks
Absolutely clueless even when GHW Bush the so called “China Hand” (when in fact all he was seeing eye ehhh), managed to do nothing to support publicly the Tiananmen Square protesters who were slaughtered. Just like Falun Gong, and Christians there now.
Short matter of time, Fox won’t be fair and balanced but on the left fringes with the competition. I hate seeing Donna Brazille and Maryanne Marsh in the AM.
“I think they actually don’t have the wherewithal to support the Yuan so much”
They have about $3 trillion in foreign reserves. About $2 trillion can be made reasonably liquid, and about $1.5 of that could be available to fight, without choking off ongoing activity.
More than enough for normal times, but well within what could be overwhelmed in a real crisis.
They could also face multiple concurrent crises, that all draw on the same pot of money, like a stock market collapse, or debt crisis.
““Not worth what they say.....” Would that include the many completely empty cities?”
You bet. They will never fully pay back their loans, if at all. Real estate in general is pumped up to world class bubble levels, primed for a bust.
Even run of the mill Chinese companies routinely inflate their financial condition. The countries second biggest auditor was just busted by the Government for hundreds of frauds.
Their banks are often a house of cards as well. The same asset is often claimed by three or four at the same time. Government officials use them as piggy banks, and force bad loans to be made to cronies and family members. Wealthy businessmen have their own shady banks just for their group of businesses, and a couple of those were seized by the Government (brought under management by regulators) in just the last couple of months (the first in decades). The largely unregulated Shadow Banking sector underpins a lot business activity, and that is likely shakier than the regular banks.
They have run up debt at all levels, and printed money to excess for a long time. If everything was to come back to real valuations at once, they would probably take 10 or 20 years to really start growing again.
Like most info on China it seems to be a mystery how much FX they have vis-à-vis the Dollar.
I assume the CIA has good info and Trump is relying on that.
Very proud that our farmers are loyal to Trump. Ag is our Achilles Heel in the ‘trade war’.
That was only one of the moral issues too, a powerful one, and there were others.
Our youth will die in wars as a result of that trade.
Makes me angry...
Yes— it should make one angry. The almighty dollar— Boeing plant in Shencien province, and 100’s other companies. All thinking they’re a “sale”.
Well, they had better stepup and engineer a complete revolution from Xi. It could be done- rather than the morons making the money waiting until we have to have a world war to take them out.
In truth— all they are is what Japan wanted to be before wwII— the “Asian Co Prosperity Sphere” the japs called it— it was a tyrannical medieval bushido code military dictatorship with a “god” emperor. China does not bode well for the worlds future— and frankly the democrats and everyone else who got on board the cheap chinese slave express are also supporting the illegal alien invasion. We have to stop them, the fentanyl , the works.
I agree with your comments, but I no longer only blame the Democrats. After Bush’s talk about amnesty and the effort by both parties to go “ho-hum” on illegal aliens and the wall, I’ve started blaming almost everyone in Washington.
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