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I now get why everyone hates dirtyb. Go fuck yourself you unathletic dork.
And btw, there's nothing "amazingly retarded" about what I said because it's 100% rooted in financial fact.
And before you go on a predictable diatribe regarding the Chinese being the largest holders of debt outside the Fed in the form of dollar denominated UST's, that was not the point of my post.
:popcorn
Quote:
Originally Posted by Krypt
In fairness, however, it was the gist of mine which you were responding to.
Which you would know if you actually paid attention to how amazing Gommora is. Which you did not.
To your detriment.
Okay, you and dirtyb are smart dudes that I respect despite having lashed out at both of you in the past. Yet the point I made when replying to your comment was too nuanced for dirtyb, and instead of perhaps giving me the benefit of the doubt he rushed in with a condescending attack (not for the first time). So im going to break this down:
China's central bank pegged the yuan to the dollar over a decade ago. A currency peg means the pegged currency (yuan) goes up and down with the master currency (USD). As the dollar soars, as it did for most of 2015 (commodity crush), it drags the yuan higher, making china's exports more expensive. This is basic economics. Given the stagnation of China's debt-bubble dependent economy, the last thing Chinese authorities want to see is a faltering export sector. This is what led to the big Chinese devaluation which I was referring to in my original post which went over dirtyb's jewhead.
Basically, China desperately wants a weaker dollar, as a weaker dollar will weaken the yuan and relieve the pressure on Chinese exports and demands for devaluation.
World Economic Update: Late last year, China changed how it pegs its currency. It's no longer strictly to the dollar, but a basket of currencies based on its trading volume with other countries. The dollar still dominates in that basket, though.Quote:
Originally Posted by Krypt
Also, to the extent that China pegs the Yuan to the dollar isn't to affect its amount of exports to countries other than the US, but specifically to the US. And in particular to keep the Yuan undervalued relative to the USD to spur exports to the US its but stave off the US government doing anything about it's manipulation of its currency market value that might affect its exports.
You and the Trumpets are SO CONFIDENT that it will be a TRUMP LANDSLIDE but you want better than 5:1?Quote:
Originally Posted by thesidedish
:lol2
25-year-old scammer rips of Trump fans for over $1 million: http://www.politico.com/story/2016/0...r-hawes-227486
Somehow he remains arrogant and hasn't been arrested. He should be, as it was definitely a scam via gross misrepresentation.
Before you laugh at how "stupid" Trump supporters were to fall for this, I'm sure the same could have been pulled on the other side by promising the same thing with Bernie (or even Hillary).
Quote:
Originally Posted by Krypt
ADMIT YOU WERE WRONG ABOUT GOMORRA.
CONFESS.
It's funny how one red rep can make you freak the fuck out. To clarify, your two sentences contradict each other and the first one isn't true. If the Yuan was pegged to the Dollar, and it's technically not, then they would move together. The fact that they're moving in opposite direction means, by definition, that they're not pegged.Quote:
Originally Posted by Krypt
Quote:
Originally Posted by DirtyBIt's funny how one red rep can make you freak the fuck out. To clarify, your two sentences contradict each other and the first one isn't true. If the Yuan was pegged to the Dollar, and it's technically not, then they would move together. The fact that they're moving in opposite direction means, by definition, that they're not pegged.Quote:
Originally Posted by Krypt
And he doesnt like Gomorra, DirtyB.
Lets not overlook that.
That's more attributable to market interventionism and the fact that fx is by nature a zero sum gameQuote:
Originally Posted by DirtyBIt's funny how one red rep can make you freak the fuck out. To clarify, your two sentences contradict each other and the first one isn't true. If the Yuan was pegged to the Dollar, and it's technically not, then they would move together. The fact that they're moving in opposite direction means, by definition, that they're not pegged.Quote:
Originally Posted by Krypt
You're flat out wrong
TRUMP GOD?
and hongthonger u still want a bet on Trump 300+? I was thinking 6/1 when I first saw ur offer
Yup greater than 300 at 5:1 up to 3k me/600 you. Escrow with Druff. How much?Quote:
Originally Posted by thesidedish
SetofKs: we are going to make america great again
lol I just offered 6/1 budQuote:
Originally Posted by hongkongerYup greater than 300 at 5:1 up to 3k me/600 you. Escrow with Druff. How much?Quote:
Originally Posted by thesidedish
same terms?Quote:
Originally Posted by big dickYes I would.Quote:
Originally Posted by Tellafriend
Quote:
Originally Posted by Dan Druff
If it could have happened, it probably would have, don't you think? There's absolutely no doubt that the conservative movement is ripe for scammers in ways the progressive movement is absolutely not. If you don't see that then you haven't looked at it closely enough. Mike Huckabee and Ben Carson sell their email list to miracle cures and boner pills for about 700k a piece. Watch some of the nuttier Fox shows and you see ads for gold coins and survival rations. You just don't see these career scammers and grifters in the progressive movement.
Same terms as in escrow with druff?Quote:
Originally Posted by Tellafriendsame terms?Quote:
Originally Posted by big dick