Earlier quoted context omitted.
[flagged]
Europe has more issues with China than the US... :( But internal diplomacy...
What are those? Simply curious
U.S. Designates China as Currency Manipulator
231–240 of 356 posts
Re: U.S. Designates China as Currency Manipulator
#232China can outlast the US on this one. Next up, let's crash the price of oil and flip off the Iran sanctions: https://www.cnbc.com/2019/08/05/brent-and-wti-price-could-cr...
Would be funny to see Iran get really snug with China like Pakistan has... I don't think Iran would mind at all and neither would China... and would pretty much destroy the US's control over Iran's economy.
What do you think the result of that would be for Iran?
(not saying the result would be "right", just what it would be).
Re: U.S. Designates China as Currency Manipulator
#233Earlier quoted context omitted.
America’s cities are based on zoning laws designed to do racism in 1900, and the rest is based on the federal highway system. Not very free market either way.
> America’s cities are based on zoning laws These can and do change, with a single city council meeting. There's nothing impregnable about existing zoning. As usual, the dollar dictates the rules (having been party to 2! eminent domain proceedings in Southern California).
> As usual, the dollar dictates the rules
People really seem to believe this, but it always takes them to wrong conclusions here. For instance, everyone thinks California esp. SF is expensive because of "rich developers" but it's not. It's expensive because armies of retired people come to city council meetings and shut down any development because it'll hurt their 60s nostalgia.
Now, those people are acting to raise their own property values, but that's not why they're doing it. They genuinely just hate people taking their parking spots and think cell phone towers will give them cancer.
Re: U.S. Designates China as Currency Manipulator
#234[deleted]
Re: U.S. Designates China as Currency Manipulator
#235Earlier quoted context omitted.
> It’s not going to work, but that’s what he keeps saying. So far it has worked very well for the US and China has been suffering. US has been able to create 6 million jobs with 2 million manufacturing jobs alone created since his election. China has lost a lot of manufacturing jobs and a lot of manufacturers are moving away from China and either coming back to US or moving to places like India where IP theft isn't a…
> So far it has worked very well for the US and China has been suffering. US has been able to create 6 million jobs with 2 million manufacturing jobs alone created since his election. this is nonsense. in what sectors?
Why would you call a stat nonsense?
Here's sources. Note that they are from few months ago and the number has been growing since then:
> The Trump Scoreboard shows that 5.4 million new jobs have been created under the 45th president.
https://www.marketwatch.com/story/trump-scoreboard-shows-acc...
https://www.forbes.com/sites/chuckdevore/2019/02/01/manufact...
https://www.forbes.com/sites/chuckdevore/2019/03/11/trumps-p...
https://www.wsj.com/articles/u-s-december-nonfarm-payrolls-g...
https://www.wsj.com/articles/u-s-july-nonfarm-payrolls-grew-...
https://www.cnsnews.com/news/article/terence-p-jeffrey/47900...
https://www.investors.com/politics/commentary/trumps-economy...
Re: U.S. Designates China as Currency Manipulator
#236Earlier quoted context omitted.
The us decoupling itself from China would be an unmitigated disaster for the us as China would align itself with Russia.
Russia is an irrelevant economic factor in the 21st century. Their export is fossil fuels, and that's about it.
Ice/water will be a major export very soon. Countries will go to war over it.
Re: U.S. Designates China as Currency Manipulator
#237Earlier quoted context omitted.
> America’s cities are based on zoning laws These can and do change, with a single city council meeting. There's nothing impregnable about existing zoning. As usual, the dollar dictates the rules (having been party to 2! eminent domain proceedings in Southern California).
> As usual, the dollar dictates the rules People really seem to believe this, but it always takes them to wrong conclusions here. For instance, everyone thinks California esp. SF is expensive because of "rich developers" but it's not. It's expensive because armies of retired people come to city council meetings and shut down any development because it'll hurt their 60s nostalgia. Now, those people are acting to raise…
I believe it because it's demonstrably true.
> It's expensive because armies of retired people come to city council meetings and shut down any development because it'll hurt their 60s nostalgia.
Maybe in some areas, but in Southern California this is fantasy.
(California) Brea's mall expansion forced eminent domain on founding neighborhoods for commercial development. That never came and was sold back to new developers for gentrification. I had a property that I was paid well for, but I did not want to sell. So I bought into Santa Ana.
In 2009 The Irvine Company put out magazine that detailed the commercial expansion to the adjacent 2525 N. Main Street and eventually the Park Santiago neighborhood. That has been in progress for 2 years, after the necessary city council members were termed out of course. The NIMBYs there are of the aforementioned demographic, alongside their descendants. It's as ineffective. I have pre-emptively sold, but you can still attend the futile meetings if you like (https://park-santiago.com/)
Re: U.S. Designates China as Currency Manipulator
#238Earlier quoted context omitted.
Even IF this were the case, Insider trading has been allowed in congress for a long time. There was the STOCK act passed in 2012 to prevent it, the very next year it was amended to get rid of strict disclosure requirements. Nancy Pelosi for example (speaker of the democrat majority house) is worth 140 million dollars. One has to wonder how a life time politician has managed to get that much wealth.
Chris Collins would have been a better example instead of Pelosi.
Why?
Chris is listed at 23.83 million whereas Pelosi is at 140 million.
https://www.msn.com/en-us/money/markets/the-25-richest-membe...
Re: U.S. Designates China as Currency Manipulator
#239China can outlast the US on this one. Next up, let's crash the price of oil and flip off the Iran sanctions: https://www.cnbc.com/2019/08/05/brent-and-wti-price-could-cr...
China would have a lot more room to move were the Hong Kong protests were not going on. The big problem they face is putting down the protests violently could lead towards pronouncements of them violating the agreement for it being held over. Which will lead toward countries people openly selling heavy weapons to Taiwan and maybe even building bases.
Hong Kong is China's Crimea, nobody outside of China is going to go to war over it.
Re: U.S. Designates China as Currency Manipulator
#240Earlier quoted context omitted.
> China is also a huge foreign debt holder, and if presumably no longer a buyer due to decoupling, will send US interest rates skyrocketing. Before that happens, the capital exodus demanding to liquidate their Yuan for USD would have burned through the country's USD reserves and they would be insolvent. This is quite similar to what happened in South Korea in 1997 and it took IMF intervention to stabilize the country…
> "...but only one of them would see its financial system collapse." Unless that is an absolute certainty then and this is a game of high stakes chicken, then I would say the USA has more to lose. While China has certainly developed in the last couple decades they are still relatively used to living with less. On the other hand, Ameicans lose their minds when Facebook goes down for an hour. That is, there would be be…
The US can import stuff from any number of other countries at higher prices. Who is China going to send its manufactured goods to?