Posted on 04/02/2020 7:02:49 AM PDT by NImerc
So this peaked my interest some more and I’ve been reading up on it.
Three trillion in reserves won’t last the Chinese long. They’ve never shown any hesitation to ‘loan’ that money to any domestic company that promised to keep people employed. Currently they’re going at about a rate of $100 billion a week. Second, I hardly trust their numbers so I went looking after what we can prove. Apparently their container exports are already down 17% from this time last year and are still dropping. Reuters says it’ll be down 30% at the low end.
Ask of last week 25% of Chinese firms reported orders were down at least 50% and most of their activities were processing backlog orders. Again people are ‘at’ work but commodity orders and prices have both dropped and according to Bloomberg the average state owned enterprise is only operating at 75% (numbers again I don’t trust).
As for entergy prices, they help them as much as they help us...as in they mitigate the pain but don’t help all too much. No one’s flying, driving, shipping, etc. They do save money on oil imports from the middle east, who of course demand dollars.
Who cares? Why won’t they trade in whatever they want?
So if no private company wants to make the product in the US, do you start a national company capitalized by taxpayers? Like Off-Track Betting, the NY Port Authority, etc.?
I can’t answer stupid questions tonight. It’s been a long day.
And you’re just bored and looking for an argument.
Go bother your wife :)
She told me to go bother freepers.
They always had quantity. It didn’t stop the West from dominating and defeating them time and again. Quality usually trumps quantity.
Luckily for us America has quantity also. Our military forces are the largest in terms of weaponry.
With Asia (and China especially) it was always about Eastern numbers versus Western firepower. Firepower usually prevailed.
China has no future as a great power. They are aging at a rate never before seen on Earth. Their workforce is already in decline. In a few decades 40% of their population will be over age 65. All this will sap their economic and military vitality.
More confirmation the Chinese are out of foreign currency
More likely Putin knows Xi in lots of trouble and is going to scam him one last time.
OMG ifv this is true its worse than I thought !
Somebody better do a lot of QC checking of those masks. The vast majority of N95 masks made in China do not meet the specs because the machines to make the media properly are in very short supply, and have long backorders. They are NOT easy machines to just copy or run.
I’m not saying the Chinese can’t develop the tech, but right now they only have it in very limited supply.
That is only legit for export economies but wrong on many levels for nations with unfavorable trade disbalance.
Twice unfavorable for US because of the structure of pension saving system.
Sh!t, I TOO would love to return to real $$ instead of the U.S. monopoly paper...
As a proponent of the Nat. Sales Tax (Fairtax w/o the asinine ‘prebate’), barter/trade/re-use & LOCAL should be encouraged.
Course, I’m not one of the crowd high-five’in another $2T of illegal, unconst. taxpayer expenditures either. Use ‘crazy’ (L), ya’know.
China COULD beat the USA if it ditched the communist party. They are a highly mercantile people — I mean Chinese people in much of Asia.
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