lol great red reps from the dumbest posters on the site
We could always stop and ask the question if this is the right thing to do. I mean it is posible that China has been taking advantage of us for 25 years with virtually no concessions over that time and its time to stand our ground a little bit.
I mean I know liberals will find a way to blame trump for standing to these guys. Go ask China for $15 an hour and a 40 hour work week and see where that gets you.
pretty sure china could tank the dollar at this point if they wanted to. obviously thats not a great option for them since they are so heavily invested in a reasonably healthy american economy. but we let china slide with everything from private sector IP theft to breaking into the Office of Personal Management and stealing our security clearance documents for 21 _million_ americans because its not in our best interests to assume an adversarial posture with them, like at all.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Honestly, it’s more the question do we want this idiot who seems to lose every business deal he’s ever entered that involves more that just licensing his name and somehow lost money on casinos during the fucking 80s when no one lost money on casinos and ended up like $9 billion in debt before the banks bailed him out playing Russian roulette with the Chinese of all people?
I would stand and applaud the rightest wing motherfucker ever getting tough with the Chinese if he had any proven aptitude at doing anything beyond emerging with a shit deal and declaring victory. If this was Sheldon Adelson as president, I would hate him in general and find fault with a million things and vote against him, but think this is a dude who had a taxi driver dad and became one of the richest dudes alive and one smart businessman and confronting the Chinese is long overdue. This dude though, fuck no. He’s a mong at anything beyond self-promotion.
But Trump earned about $150 million in fees during his casino management years. It was the banks and other investors who lost most of that money. That being said, the issue is that we can’t trust Trump to actually care about the actual results of the deal, including the quid pro quos we don’t hear about in official reporting on those deals, for anyone other than his family. #ItsAboutTheEmoluments
Tine let me tell you a little bit about China. In China you go to your factory and work for the week then on Friday night your factory boss pays you out. If the guy doesn’t come up with the money they kidnap the guy and hold the factory hostage. The main point being the citizenry don’t fuck around over there. They know they are getting a shit deal but what they are promised they expect to get.
China absolutely positively can not take the dollar down at least not in the way you are inferring. The rest of the world begged the USA to not go into bankruptcy and loan the money and run the press to paper over the problems back in 2008. Reason being a full on USA collapse inclusive of the USD would put the whole world into a depression the likes of which haven’t been truly experienced in two generations. For China it would be an extinction level event. They are tied to our economy like nobody else.
It’s not In our long term interests to be adversarial with any major superpower. that said it’s not the worst thing in the world to stand up to them and strike a better deal. China will have to bend to some concessions and it’s a wonderful thing Trump is attempting. If the rest of the government types would get behind him on this it could be a big win for this country.
If Obama tried this it would be applauded as a bold move to renegotiate with the evil Yellow Man.
They buy our paper Daly.
That counts for a lot around these parts
Not enough to make it count.
“China holds $1.138 trillion in U.S. securities and Japan owns $1.018 trillion. These two countries hold more than a third of all U.S. debt owned by foreign governments. Brazil holds the third-largest amount, at $313 billion. (In a ledger line that simply begs for federal investigation, the government of the Cayman Islands owns $208 billion in government securities.)
Readers should have caution when they see analysts warning about Chinese dominance over U.S. debt. While there is no question that the government of China holds large reserves of Treasury securities, this investment amounts to less than 5% of the total U.S. national debt.”
The other side of the equation is a lot of investment in China is done in dollars. Take that away and it’s not a good picture.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Trade wars in general are a game of chicken. This one is a bit trickier since there are still a lot American companies in China making products for American customers. There's Chinese subcontractors in select places in that chain, but the start and end points are on your end. Tariffs now lower the competitiveness of American companies even before China retaliates. And almost none of this is reversed from China's perspective. They hold assets on your soil, very little production.
the US would absolutely kill china in a trade war if the US people were solidly behind doing so, which they aren't.
china is completely reliant on exports, and 20% of their exports go to the US alone. in contrast, only 8% of US exports go to china. tariffs on exports would hurt the US. they would cripple china.
one thing the chinese have going for them, though, is that it's a communist country without elections. US policies would be subject to change every few years, and they would likely change re china if the economy isn't doing well. china might just have to wait out the next president and hope that both parties don't ultimately unify against it.
Last edited by blake; 05-07-2019 at 02:46 PM.
Do you think Nikes are Chinese export products? US currently makes something like less than 5% of all clothes, shoes and accessories that are being sold to Americans. End products, components and raw materials that are for American companies are a huge % of that export number. Hitting any of that is on a new level of stupid. Raising taxes in that situation has a completely opposite effect to purpose of tariffs.
like i said, raising tariffs on chinese goods would hurt american companies (at least the ones not directly competing with chinese manufacturers) as well as US consumers who would have to pay more for nearly everything.
but, not as much as the chinese would be hurt if the US went nuclear with tariffs. their entire economy is reliant on the US and would collapse without us. our entire economy is not reliant on their products. we would survive the trade war. they would not. in theory, this would give trump significant leverage over the chinese.
however, the reality is that the american people don't think about things on a macro level, and tend to care only about what's good for themselves (which i guess is understandable). when the stock market tanks and the prices of all of our consumer goods skyrocket, which is what would happen, americans would be calling for the trade war to end
Last edited by blake; 05-07-2019 at 06:20 PM.
SOL THOUGHTS?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Thoughts on Melania the model? Pretty face, but I prefer more of an hourglass figure. To each their own though.
From what I can see of her, Ri Sol Ju doesn't do it for me at all. Unless she has a Jessica Rabbit body hiding under that dress, gonna have to go with Melania.
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