China’s dream of ‘powerful currency’ runs Into Trump’s return

[RealNapster]

You only see a “poor” country because that’s what you want to see. The reality is much different:

​

Household Net Worth​

The net worth of households and nonprofit organizations increased by $2.8 trillion to $163.8 trillion in the second quarter. The change in household net worth reflects gains on both real estate holdings and corporate equity assets. The value of real estate on the household balance sheet increased by $1.8 trillion in the second quarter, while the value of directly and indirectly held equity rose by $0.7 trillion.

View attachment 85962

The Fed - Financial Accounts of the United States - Z.1 - Current Release

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

The US is far and away the wealthiest nation in human history.

Again, you keep repeating how wealthy an average American is, and how shiny a suburb looks like. And I get that. But when I look at your national infrastructure, I see America as a poor country filled with Rich individuals.

 

[RealNapster]

@F-22Raptor we keep getting off topic because you keep bringing suburbs and what not. But the main issue raised in the OP was how it will now be difficult for china to strengthen it's currency because now trump is here.

I raised an issue in my very first post on this thread which you ignored. Trump has stated multiple times that China is a currency manipulator as it keep it's currency value low so that China can get an edge in trade.

If I go with the thus, trump will ensure china stops manipulating it's and bring it to its original value (this will mean that china's currency will strengthen). Please help me understand how will trump prevent Chinese currency from strengthening by actually helping strengthen it ?

 

[SaadH]

A that’s the problem, you’re looking at shiny Chinese skyscrapers, while you should be looking at the American suburbs.

The average Chinese lives in a 600 sqft apartment, while the average American lives in 2,200 sqft homes.

The average American is far wealthier

An inferior 150 km/hr at the fastest LA to SF bullet train line (500 miles) is costing $200 bn in US. By this one sector alone China's bullet train network is worth $11.6 trn dollars.

 

[F-22Raptor]

Again, you keep repeating how wealthy an average American is, and how shiny a suburb looks like. And I get that. But when I look at your national infrastructure, I see America as a poor country filled with Rich individuals.

You see us a poor country because that’s what you want to see.

That doesn’t correspond with reality. The US is the wealthiest nation in human history. The US has a net worth of $164T.

The US made a $1.5T public investment in infrastructure and clean energy upgrades. That doesn’t include hundreds of billions in private sector investment.

China has only recently industrialized, the US industrialized decades ago. That’s why the US needed to reinvest in its infrastructure. It will be no different with the Chinese in the coming decades.

But the bottom line, Americans are far wealthier than Chinese and the US far wealthier than China.

 

[RealNapster]

You see us a poor country because that’s what you want to see.

That doesn’t correspond with reality. The US is the wealthiest nation in human history. The US has a net worth of $164T.

The US made a $1.5T public investment in infrastructure and clean energy upgrades. That doesn’t include hundreds of billions in private sector investment.

China has only recently industrialized, the US industrialized decades ago. That’s why the US needed to reinvest in its infrastructure. It will be no different with the Chinese in the coming decades.

But the bottom line, Americans are far wealthier than Chinese and the US far wealthier than China.

Don't become what you hate. In this thread you are doing the same thing that you call-out @Beijingwalker for. Kindly reply to my post #17 and help me understand.

 

[RealNapster]

But the bottom line, Americans are far wealthier than Chinese and the US far wealthier than China

Ok

 

[Jungibaaz]

It seems to me that in the last five years, the US has slowly began dismantling some bits of the world order that it was chief in pioneering post-WWII.

The US economy is still rock solid, no doubt. But clearly they’ve sanctioned too many major powers too much, such that their opponents have developed enough economic and geopolitical interlinkages to soften the impact of some sanctions. The US has shown that it will violate treaties (see JCPOA with Iran or the INF) and then impose unilateral sanctions, the JCPOA saga even pissed off allies like Germany. It’s shown that it will go to whatever extent necessary to block the rise of rivals like China, even if it means further breaking the spirit of the WTO. I was quite amazed to hear also how the European Commission has already been planning a list of possible imports from the US to announce as a counter in case more tariffs come their way in the near future. Lastly, even respect for international law and international governing bodies has been met by utter US contempt when it comes to Israel’s genocide in Gaza.

So to summarise, widespread and arguably excessive use of sanctions, violating treaties and international agreements, imposing tariffs everywhere including on allies and torpedoing its own international order of trade, protecting and arming rogue states it likes, while citing the same international laws and procedures to launch wars against those it deems enemies.

Trump will no doubt continue to make this worse, and while the US-China trade war has some genuine arguments and merits in favour from the US perspective, we’d be shortsighted not to consider the deeper implications of any actions by the incoming administration beyond the immediate future.

 

[Han Patriot]

The US has simply hit another gear in growth, productivity, and innovation post COVID. Combine that with the near $2T strategic investment in the Chips, infrastructure, and clean energy bills and the US is pulling away from everyone economically.

Americans are simply more productive and innovative than Chinese.

2024 GDPs:

US- $29.2T
China- $18T

Dude, what are you smoking? US produtivity did not increase, nor did the factories return, you simply printed more money and the money went into the exchanges and kept the casino rolling. That's why inflation is rising.

 

[F-22Raptor]

Dude, what are you smoking? US produtivity did not increase, nor did the factories return, you simply printed more money and the money went into the exchanges and kept the casino rolling. That's why inflation is rising.

No, American productivity has soared and inflation has declined to 2.5%

The US has hit another gear in growth. The US ability to unlock wealth creation is unmatched.

 

[RealNapster]

No, American productivity has soared and inflation has declined to 2.5%

The US has hit another gear in growth. The US ability to unlock wealth creation is unmatched.

So you will answer any question and reply to any post but mine which asks a genuine question for educational purpose. ?

Good luck.

 

[Mero]

China had 4 years of opportunity to go to a gold backed yuan and get global support against the dollar.

Instead China went for the idiotic Russian plans to alienate half the globe against supporters of the war against Ukraine.

Europe supported the rise of China in 2020 and 2021, supported Huawei, supported strong links between China and Europe, Belt and Road. After the Ukraine War, Putin turned Europe against China.

What the Ukraine War did was have anti-Trump Europe run to daddy Anglos for protection, as was the cia plan, and China believed this was a route to defeat Washington. Where Europe did not turn on China with the Trump VirUS, staged by America, blamed on China... Europe did turn on China after China refused to support Ukraine and freedom in Europe. The US did not need to release the Trump VirUS and blame China. That was a failure in ruining China's reputation. It mainly worked for weak minded Indians and racist Americans. The cia staging the Ukraine War with Trump old pal Putin did far more to damage China than the Trump Outbreak.

Now if China wants to collapse the dollar empire and thus masonic Anglo America, China has perhaps more difficulty than the easy road in 2021.

That is if China seeks to defeat Trump and Washington with a globally supported gold backed Yuan with real hard currency backing it vs US paper money/digital money backed by confidence and manipulation and threat of economic warfare.

 

[Davey Crockett]

I really admire USA as it has been on the forefront of innovation for about 80+ years. That being said, you can actually visually see Chinas $18T in Chinese cities, streets, and infrastructure. I don't think same is the case with USA's $29.2T . And many here will agree with me, maybe even you

I agree with you. But remember, China got a little help from a traitor or two...

Which president gave China favored nation status?

On May 31, 1996, President Clinton transmitted to Congress his intention to waive the emigration prohibition and extend MFN status to the People's Republic of China for an additional year, beginning July 3, 1996.

 

[Mero]

Onion: FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States​

FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States

WASHINGTON—Putting the nation on alert against what it has described as a “highly credible terrorist threat,” the FBI announced today that it has uncovered a plot by members of al-Qaeda to sit back and enjoy themselves while the United States collapses of its own accord.

theonion.com

When America was falling apart in 2021 - divided, irrelevant... war was started in 2022 to make America needed again.

The Chinese goal should be to peal away support for the US around the globe, leaving Israel, France, UK, Canada - the remaining supporters of America.

The Ukraine War turned anti-US Europeans into pro-NATO and pro-Atlantic partners quite rapidly.

China needs friends, not only Russia and BRICS.

The goal is to make the global population hate America.

It was there in 2020 with Trump. The cia seeks to divide the globe to gain support based on poor decision making.

Jimmy Carter was selected to gain American public support for Washington after Nixon and Watergate. To "clean" Washington. This turned into backing for Reagan. Biden was there to get American and global support for Washington for a Trump return, after Trump ruined America's reputation in 4 years.

 

[RealNapster]

I agree with you. But remember, China got a little help from a traitor or two...

Which president gave China favored nation status?

On May 31, 1996, President Clinton transmitted to Congress his intention to waive the emigration prohibition and extend MFN status to the People's Republic of China for an additional year, beginning July 3, 1996.

China was MFN between 1980 and 1999. At that time China was harmless "economically".

China is not USA's MFN for about 25 years and yet it is trying to outgrow USA

 

[j_hungary]

China has been artificially keeping the value of Yaun low for many years. A further decline infact helps China as its an export economy and also helps its $1trn plus dollar holdings. Chinese are expecting trade wars with Trump, the irony will be IMO Trump will undo the positive economic development biden did and will increase inflation for the average american. At the end of his tenor Americas will be worser off.

Those 2 (in Red and Blue) don't goes together tho...

You need low currency value to boost export, however, you need high currency value (or low product value) to pad a trade war. If you are expecting a trade war, you need to also shore up your currency, because production and value goes hand in hand with each other.

No doubt a trade war would means an increase of general price, but the other side of that hill is high price lower the demand, which mean for China, it means you either need to make it cheaper to offset the lower demand, or you had to have a stronger currency to recover some of the profit from the lower demand by curbing domestic inflation (so lower the production cost). You can't have both.....