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Trump must Print Money


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2019 Aug 5, 10:13am   874 views  5 comments

by MisdemeanorRebel   ➕follow (12)   💰tip   ignore  

We are under economic assault by China, which just massively devalued it's currency.

Trump must act, and Fuck the Fed.

https://thehill.com/policy/finance/456211-trump-blasts-china-pressures-fed-on-currency-manipulation

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1   Misc   2019 Aug 5, 3:15pm  

HonkpilledMaster says
We are under economic assault by China, which just massively devalued it's currency.

Trump must act, and Fuck the Fed.

https://thehill.com/policy/finance/456211-trump-blasts-china-pressures-fed-on-currency-manipulation


It was not a massive devaluation. Over the past couple of months, the Euro and the Pound have decreased much more than the change in the Yuan. However, I expect further devaluation to occur to counteract the increase in tariffs. This is because for the most part Chinese corporation debts are denominated in Yuan and by devaluing, the corporations have the cash flow in Yuan to cover the debt and interest payments. If the Chinese do not devalue they face mass bankruptcies that would shred their nation.

Japan will and must enter the currency markets directly because the Yen is rising rapidly against all other currencies and has been for the last month or so. That's what you get when there is more nominal amounts of Yen in circulation than dollars and your currency traders come flocking back to Japan from their overseas holdings because everyone, the US included is devaluing. Japanese financial institutions are heavily invested abroad (their central bank's balance sheet is very enlarged which forced their financial institutions to go international with their investments). Interest rates world-wide are pathetic, and with the losses in the currency markets because of the increased value of the Yen; I'm certain there is pressure being placed on the Japanese government to directly intervene in the currency market. In the past the US has overlooked these direct manipulations by Japan and Switzerland that have occurred from time to time.
2   Shaman   2019 Aug 5, 4:41pm  

I’m all for money printing. As long as it comes with large wage increases. I own a pretty expensive house with a pretty hefty mortgage. Devaluation of my debt can only help me while long term increasing my equity.
3   Bd6r   2019 Aug 5, 4:43pm  

Quigley says
I own a pretty expensive house with a pretty hefty mortgage.

That is why devaluation and high inflation is unlikely. You would not want to take money away from Bankers doing God's work, would you?
4   Booger   2019 Aug 5, 4:46pm  

Quigley says
As long as it comes with large wage increases.


I don't see that part happening.
5   MisdemeanorRebel   2019 Aug 5, 4:54pm  

I like the idea of cheapening the dollar a notch - it's certainly NOT in my interest, since I live in a third world country where a strong dollar really makes my day.

But the tariff has to be imposed immediately, and make it 15% rather than 10% as the first round was supposed to be.

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