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

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
Nike has been a part of China for 27 years, beginning with our sponsorship of the Chinese National Basketball Team in 1981. That same year, we began producing footwear with state-owned factories in Shanghai; in 1985 we opened manufacturing offices in Guangzhou and began working with non-state-owned contract factories.

Yes, Nike was the first US manufacturer to open a plant in China. I am old enough to remember how controversial it was at the time, and still to this day, will never buy any of their products.
 
"Shiny" Chinese Skyscrapers, Bullet trains connecting whole country, motorways and highways connecting whole country, war against desertification, push towards energy neutrality by increasing solar and wind energy on war footing, building whole new cities, water diversion projects diverting water from 1000s of kms away to cities, and what not.

On the other hand you only got example of suburb from USA, which by the way is majorly developed by private investments and firms. People spend millions to buy those properties. It's not like government is giving those "accomodations" to citizens for free.

GDP is something that is a bit different than purchasing power. The point I want to make is that USA may still be country of "wealthy" people. And wealth of those people you can see. But if I want to look at the wealth of America as a whole/nation, I just see a poor country, not someone with a GDP of $29.2 Trillion. Your universities are charging 100K+ USD in fees, citizens still have to pay thousands for a small surgery even after having insurance. These things matter
The US infrastructure is not a representation of how wealthy a country is, I mean, do you actually believe the US have no money to fix a road, which I can do it for $90,000 and 10 people?

The basic infrastructure in the US is a political weapon, case in point, look at how long it takes to pass the Build Back Better Act? A bill that promise trillion dollar into economy, create 450,000 jobs, fix up American infrastructure? What's not the like?

The issue is bill like that is hard to pass because it will inadvertently being used by one or more angle to either hijack the bill or simply just shelve it as part of political game, in the BBB, the two issue that was holding the bill back have NOTHING to do with government infrastructure at all, one is the $4500 EV credit (which Musk and we all know now, GOP, is obsessive about it as it excluded Tesla) and the other is that bill being labelled "socialist".

Bills like that had been overcame by issue non-specific to the bill since Obama administration, it virtually has nothing to do with America economic status or whether or not American can fix the road, highway and airport, but rather it has everything to do with "I don't want the other party pass the bill I myself want to pass so giving them the victory"

This happens when you have a government that's not winner takes all.
 


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.

If you count paper pushing and rentals as productivity then yes. LOL.
 
The US infrastructure is not a representation of how wealthy a country is, I mean, do you actually believe the US have no money to fix a road, which I can do it for $90,000 and 10 people?

The basic infrastructure in the US is a political weapon, case in point, look at how long it takes to pass the Build Back Better Act? A bill that promise trillion dollar into economy, create 450,000 jobs, fix up American infrastructure? What's not the like?

The issue is bill like that is hard to pass because it will inadvertently being used by one or more angle to either hijack the bill or simply just shelve it as part of political game, in the BBB, the two issue that was holding the bill back have NOTHING to do with government infrastructure at all, one is the $4500 EV credit (which Musk and we all know now, GOP, is obsessive about it as it excluded Tesla) and the other is that bill being labelled "socialist".

Bills like that had been overcame by issue non-specific to the bill since Obama administration, it virtually has nothing to do with America economic status or whether or not American can fix the road, highway and airport, but rather it has everything to do with "I don't want the other party pass the bill I myself want to pass so giving them the victory"

This happens when you have a government that's not winner takes all.


To be frank, this thread wasn't about USA infrastructure vs Chinas infrastructure. Our American friend created this thread titled "China’s dream of ‘powerful currency’ runs Into Trump’s return".

I asked him a simple question that Trump called China currency manipulator for years, he want China to let it's currency rise up to its true value. So how will trump prevent china from strengthening it's currency by actually helping strengthen it ? He went to explaining how USA is having $29.2 trillion whole China only got $18 T which wasn't the point, or question.

Nevertheless, I insisted on an answer which he was unable to provide. So I closed this case.
 
To be frank, this thread wasn't about USA infrastructure vs Chinas infrastructure. Our American friend created this thread titled "China’s dream of ‘powerful currency’ runs Into Trump’s return".

I asked him a simple question that Trump called China currency manipulator for years, he want China to let it's currency rise up to its true value. So how will trump prevent china from strengthening it's currency by actually helping strengthen it ? He went to explaining how USA is having $29.2 trillion whole China only got $18 T which wasn't the point, or question.

Nevertheless, I insisted on an answer which he was unable to provide. So I closed this case.
Then it depends on the definition of "Powerful"

It does not necessarily be "Strengthen" you can talk about its convertibility, availability, or tradability, I mean Yen is weak itself, but it still a powerful currency. So the determination here is how or what does China seek and how the US can counter it.

But then another question is whether or not Trump can achieve that. Well...........
 
Then it depends on the definition of "Powerful"

It does not necessarily be "Strengthen" you can talk about its convertibility, availability, or tradability, I mean Yen is weak itself, but it still a powerful currency. So the determination here is how or what does China seek and how the US can counter it.

But then another question is whether or not Trump can achieve that. Well...........


What does china seek ? Keep it's currency devalued so that it can get benefit of "weak" currency in trade. That's what it seeks. And that's what trump realized. And he is correct. But this article don't make any sense when you know that Trump is correct. But for trump, the way of stoping this practice is to make China stop devaluing it's currency which in plain English and economics 101 means "strengthening of yen". Don't over complicate this unnecessarily just to defend his posted article. Our esteemed American friend who posted this article only need to agree that yes, this article don't make any sense. And that Trump can not prevent yen from getting powerful by actually giving it strength and power.
 
What does china seek ? Keep it's currency devalued so that it can get benefit of "weak" currency in trade. That's what it seeks. And that's what trump realized. And he is correct. But this article don't make any sense when you know that Trump is correct. But for trump, the way of stoping this practice is to make China stop devaluing it's currency which in plain English and economics 101 means "strengthening of yen". Don't over complicate this unnecessarily just to defend his posted article. Our esteemed American friend who posted this article only need to agree that yes, this article don't make any sense. And that Trump can not prevent yen from getting powerful by actually giving it strength and power.
First of all, I am just asking what the requirement for that is to make sense, unless you don't agree that different definition of "powerful" would affect how this work, then my question still stands.

On the other hand, if you are asking whether or not the US has power to overcome the strengthening of Yuan (Not yen, yen is Japanese by the way), then the US would most definitely have a way, especially if we are talking about a trade war scenario since regardless of who that tariff going to go to, it is going to inhibit demand, which mean it won't actually work if Yuan is weak, because you need to offset that gap. Now whether or not can Trump pull this out? I don't know.

I am not really interested in what F22 said in this post, I am simply replying to your post replying to me.
 
First of all, I am just asking what the requirement for that is to make sense, unless you don't agree that different definition of "powerful" would affect how this work, then my question still stands.

On the other hand, if you are asking whether or not the US has power to overcome the strengthening of Yuan (Not yen, yen is Japanese by the way), then the US would most definitely have a way, especially if we are talking about a trade war scenario since regardless of who that tariff going to go to, it is going to inhibit demand, which mean it won't actually work if Yuan is weak, because you need to offset that gap. Now whether or not can Trump pull this out? I don't know.

I am not really interested in what F22 said in this post, I am simply replying to your post replying to me.


I have already hit the wall with F22 in this thread. I think I will pass. Thank you
 
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.....
Chinas largest trading partner are ASEAN countries then the EU. A lower currency will help with increasing trade with those blocs.

When I mentioned China preparing for a trade war with the US, it wasnt in reference to lowering their currency value. Increasing trade with others has to be part of their strategy.
 
China does not have decades to go to a gold backed yuan, Washington deepstate cia Republicans are wanting to beat China in revolutionizing money. Before China destroys the dollar with a gold backed yuan, the US cia criminals want to go to a bitcoin- backed dollar.

Lummis plans renewed push for strategic bitcoin reserve after Trump win​


China has to act quickly, ASAP, or else the Trump war on gold would have defeated China. As the globe is forced to accept bitcoins or else face 100% tariffs.

China has to get nations around the globe to support their gold backed yuan, and get Europe to go to a gold backed euro. Tell the Westerners that China is not seeking to collapse their currency, that the whole globe needs to go to a gold backed dollar, euro, pound, yen, yuan. Do it together.

China needs to jump the gun on this before it is too late. It is 4 years too late and getting later by the month and day.
 
Zectech said this 4 years ago: The warmongering neo-cons got most of the US hating the idea of more wars and endless wars. trump and the far Reich are the con dudes to fool the public that the deep state is gone and war = peace, CiA bitcoin = money, slavery = freedom. You had the Nobel Peace Prize Obama to make the claim that the US is about peace, when that was a con job too.

And Zectech said this 4 years ago: Libertarians tried to replace the dollar with gold. CIA replaces gold with bitcoin, as most of the far right is part of the get rich scheme of the CIA in bitcoin. And since the CIA runs Bitcoin, I doubt there is going to be a controlled demo of bitcoin. So the plan of the CIA is going to work with neo-nazis. The advise is to not work and then invest in gold from your work/earning as a savings, instead don't work at all and invest in bitcoins, your money is gonna increase by 100X in this CIA ponzi scheme that is probably not gonna collapse.

What Donald Trump's Strategic Bitcoin Reserve Could Look Like​


The enemy of Washington is gold and silver. The cia money to replace the dollar or back the $ is bitcoin. Satoshi Nakamoto translates to "central intelligence" in Japanese.

4 Reasons to Believe the Deep State (or the NSA) Created Bitcoin​


The total acceptance and promotion of bitcoin, by bankers, wall street, SEC, financial media, Washington deepstaters, fraud populist deepstater Trump proves Washington invented bitcoin to stop the rise of gold and silver. The entire deepstate cia Republican structure supports bitcoin and the defeat of gold and silver. The new wars are economic wars.

China can defeat the dollar empire with a gold backed yuan. Yet for many years waits until it is too late.
 
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A turning point for the dollar is coming

this artice aligns with what I have been saying. Some quotes i pulled out, worth reading whole article.


Tariffs pushing up US import prices will be inflationary.

The European Central Bank and the People’s Bank of China, meanwhile, will be quite happy to see their currencies fall.

To be sure, a sharply lower renminbi would dent Chinese consumer confidence and elicit aggressive action by an angry American president. But a renminbi that falls by a limited amount, say by 10 per cent against the dollar, thereby boosting Chinese exports to other markets, might be just what Xi would want.

In the medium term, however, the dollar is likely to give back these short-term gains, and then Tariffs on imported inputs, which will impart a negative supply shock to US manufacturing, are incompatible with that strength. Moreover, the higher interest rates adopted by the Fed to damp down inflation will not be investment friendly. Neither will eliminating the investment subsidies and tax credits of the Chips Act, the Inflation Reduction Act and other Biden-era initiatives. None of this will be good for growth. Above all, we know that economic policy uncertainty has a strong negative effect on investment. And Trump is an uncertainty machine.
 

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