International China declared Currency Manipulator

Last Samurai said:
Yes you can conjure money out of thin air

But it is not free. It's gotta be paid back, with interest.
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No, the fed literally issues zero interest free money to the banks.

Zero interest. Literally free money.

Damn it must be good to be a bankster.
 
VivaRevolution said:
I do laugh that China has allot of our debt.

I just want to put this in perspective.

China holds 1.1 trillion in treasury debt.

In a 24 hour period after the housing collapse, the FED conjured over 17 Trillion dollars in electronic transfers.

We can literally just buy those treasury notes with our money we conjure out of thin air. We have the game so rigged it is hilarious.
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Yes we can buy our way out of debt with China by either simply money transfer from fed or even printing it and sending it in crisp clean paper....
But,!!! it would weaken the dollar and boost inflation like it was on nitrous.

And the "rigged" you speak of is exactly what China does, the US does and so does every other top 20 world economy. It is all fair game in the cut throat game of world economics. It makes sense for the us to have China holding or credit cards. If the dollar is weak then we pay them very little in the end and if the dollar is strong our economy buys the tariffs and the interest is paid in money transfer like you are describing. Our deficit is a more delicate beast though. That pushes interest rates around and that means more lost revenue.
 
MMAViewer said:
Yes we can buy our way out of debt with China by either simply money transfer from fed or even printing it and sending it in crisp clean paper....
But,!!! it would weaken the dollar and boost inflation like it was on nitrous.

And the "rigged" you speak of is exactly what China does, the US does and so does every other top 20 world economy. It is all fair game in the cut throat game of world economics. It makes sense for the us to have China holding or credit cards. If the dollar is weak then we pay them very little in the end and if the dollar is strong our economy buys the tariffs and the interest is paid in money transfer like you are describing. Our deficit is a more delicate beast though. That pushes interest rates around and that means more lost revenue.
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2008-2014 called, and wants to know where the inflation and dollar devaluation is from newly manufacturing 20% of the world's money supply.
 
MMAViewer said:
Yes we can buy our way out of debt with China by either simply money transfer from fed or even printing it and sending it in crisp clean paper....
But,!!! it would weaken the dollar and boost inflation like it was on nitrous.

And the "rigged" you speak of is exactly what China does, the US does and so does every other top 20 world economy. It is all fair game in the cut throat game of world economics. It makes sense for the us to have China holding or credit cards. If the dollar is weak then we pay them very little in the end and if the dollar is strong our economy buys the tariffs and the interest is paid in money transfer like you are describing. Our deficit is a more delicate beast though. That pushes interest rates around and that means more lost revenue.
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Who charges us interest? The Fed?
 
Good. Fuck China

What does that mean in the real world? I mean does this open up additional options for the US?
 
I thought trump did that years ago?
 
VivaRevolution said:
No, the fed literally issues zero interest free money to the banks.

Zero interest. Literally free money.

Damn it must be good to be a bankster.
Click to expand...

When dealing with international bankers, nothing comes free

When the United States government borrows money from these private bankers called the Federal Reserve, it is borrowed at face value with interest. This interest is paid by us, the taxpayers; through our taxes. So what the Fed actually does is create money out of thin air with interest on top.
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https://glithehiddentruth.weebly.com/federal-reserve--us-dollar.html

Why do you think they wanted to gain control of the country's money supply in the first place? Because they are such nice guys that they will happily manage our money for free?


 
Prutfis said:
Good. Fuck China

What does that mean in the real world? I mean does this open up additional options for the US?
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It’s a provocative step without concrete consequences. Clinton did it in the 90’s. I’m not saying it’s meaningless (it’s not).
 
Anyone find it ironic that this comes after the Fed cut interest rates, after continual hounding by the POTUS? Despite a strong market, and effective 0 Unemployment?

The next recession is bound to be a doozy.
 
Prutfis said:
Ok so what does it mean?
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Not much. It could be a precursor to a formal complaint to the IMF. That would likely be the next incremental step. But many countries manipulate currency by some means. The US’s policy of QE and near-zero interest rates are currency manipulation.

Trump is pissed that despite rate cuts, inflation is very, very low and the dollar remains strong. Things aren’t responding to monetary policy like they traditionally ‘should.’ Our efforts at manipulation haven’t been effective recently, in other words. And it negates his push to boost exports and bring back manufacturing jobs.

Domestically in China, this has the effect of squeezing your average Chinese citizen. In a Democratic Society, this is a powerful impetus for change. In China, it doesn’t matter. China’s strength is that they can play the long game.
 
short term sacrifice for long term gain. Honestly we should have never let it go this far to begin with.
 
Well, perpetual moron (and inexplicably Trump’s top economic advisor) Larry Kudlow is on the record saying that China’s economy is “crumbling.”
If anyone knows anything about Larry, it’s that everything he says or predicts ends up being the polar opposite of what is or will happen (look up this dipshits statements during the GFC for pure entertainment.)
Based on the Larry-is-always-wrong metric, China is doing fine.

https://www.cnbc.com/2019/08/06/tru...economy-is-crumbling.html?&qsearchterm=kudlow
 
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