31–40 of 257 posts
Do yourself a favour and call it by it's name: the curreny is called Renminbi
I believe you meant to write: "call it by its name".
When in doubt, expand "it's" into "it is". The original would expand to "call it by it is name", helping identify it as wrong.
Is this shift in any way related to Trump, or would it be happening right about now anyways?
Before declaring fall of USA, blaming Trump for apocalypse and anointing Xi as the new Emperor, lets take step and really see the numbers.
$611 million is a marginal amount when we are talking about foreign reserves, its sure not nothing, the Germans are basically telling Americans hey look what we can do here. Its a passive aggressive move but mostly symbolic.
If they buy more Yuan, and Yuan to Dollar exchange rate gets effected. Walmart needs to shop somewhere else because Chinese goods are not cheap any more.
Is this shift in any way related to Trump, or would it be happening right about now anyways?
America has been unable to even talk with America's business, internally in the white house, within Republicans, others (eg. who has the biggest button, NATO, Paris Climate, ...), ... I'm pretty sure he's guilty to everything that is said ( Eg. Russians, money-laundering, paying zero taxes, ...) How do you think such idiocracy is perceived throughout "more serious grown-up" world? There is only one word for it: incompetence.
Worst of all, he really believes he's a genius.
Earlier quoted context omitted.
This is not based on GDP. A big part of the USD's stability has been based on an indirect oil backing. Going back to the 70s the US in which we offered substantial benefits to oil producing nations in exchange for little more than them only selling their oil in USD, and then investing excess revenues in US securities. The petrodollar in another word. This has numerous positive effects other than what I'm mentioning h…
I not convinced oil is that big a deal these days. The US kind of owns huge swathes of the world economy - tech - facebook, google apple etc, fast food and drink - coke, pepsi, McD, places to stay - Hilton, Sheraton, airbnb and so on. Typed in Bangkok on an Apple while drinking coffee paid for on MasterCard while waiting to fly on a Boeing. So people will lend to the US as it had a lot of income, assets and a reputat…
Is this shift in any way related to Trump, or would it be happening right about now anyways?
Trump is definitely an issue. His talk about abandoning NATO, ridiculing EU to drive his own argument for domestic issues, makes him pretty hard to be likable from EU establishments' perspectives. On the least insignificant level, the message is pretty clear: US is destabilizing, and Trump might only be the beginning of it. With a isolationist and hostile US government, EU naturally would seek another anchor for safe…
Earlier quoted context omitted.
This is not based on GDP. A big part of the USD's stability has been based on an indirect oil backing. Going back to the 70s the US in which we offered substantial benefits to oil producing nations in exchange for little more than them only selling their oil in USD, and then investing excess revenues in US securities. The petrodollar in another word. This has numerous positive effects other than what I'm mentioning h…
> but I want to keep this brief. Feel free to elaborate
Currency inflates due to inflated supply -> foreign countries take more of the currency out of supply -> inflation decreases. And it doesn't end there. The additional revenues from the oil producing nations are then invested into US securities and taken completely out of circulation. The vast majority of money is not brought into circulation through printing, but leaving the specifics of creation aside, this -in part- helps buffer any harm caused by the excessive 'printing' of money.
Earlier quoted context omitted.
1. China is gaining in relevance. 2. People don't understand that they should worry about this.
1. Like many countries, China has long been relevant. Like many countries, China has long been gaining relevance. 2. Because they shouldn't If instead of treating global economy as a zero-sum game, and if we backed off from the fear mongering and admitted that China's economic growth has largely (and unsurprisingly) been to most people's benefits, then we'd welcome the competition and innovation and productivity that…
Earlier quoted context omitted.
1. China is gaining in relevance. 2. People don't understand that they should worry about this.
1. Like many countries, China has long been relevant. Like many countries, China has long been gaining relevance. 2. Because they shouldn't If instead of treating global economy as a zero-sum game, and if we backed off from the fear mongering and admitted that China's economic growth has largely (and unsurprisingly) been to most people's benefits, then we'd welcome the competition and innovation and productivity that…
(+) unless you limit your knowledge of sexual preferences to just gay/straight — human sexuality is much more complicated than that.