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.
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.
"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
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.
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?
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).
ADMIT YOU WERE WRONG ABOUT GOMORRA.
CONFESS.
"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
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.
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.
And he doesnt like Gomorra, DirtyB.
Lets not overlook that.
"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
That's more attributable to market interventionism and the fact that fx is by nature a zero sum gameIt'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.
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?
SetofKs: we are going to make america great again
lol I just offered 6/1 budYup greater than 300 at 5:1 up to 3k me/600 you. Escrow with Druff. How much?
same terms?Yes I would.
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?same terms?
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