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Trump must Print Money

By NoCoupForYou follow NoCoupForYou   2019 Aug 5, 10:13am 277 views   7 comments   watch   nsfw   quote   share    


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
1   HEYYOU   ignore (44)   2019 Aug 5, 10:28am     ↓ dislike (0)   quote   flag        

That's the ticket!
Print more fiat currency that devalues the fiat currency fools already believe in.

Trump/Rep/Cons are in charge! Any problems are on the Rep/Con trash.
So how's that Racist,Fascist,Nazi hatred working for the economy?

Losers shouldn't complain about Communist China while buying Communist China exports.
Individual that can't pay off all their debt ,right now, can't be called economic geniuses.

Poor Don Don! Getting his ass kicked while he & his ilk continue to buy millions from China.
2   Misc   ignore (0)   2019 Aug 5, 3:15pm     ↓ dislike (0)   quote   flag        

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.
3   Shaman   ignore (3)   2019 Aug 5, 4:41pm     ↓ dislike (0)   quote   flag        

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.
4   rd6B   ignore (1)   2019 Aug 5, 4:43pm     ↓ dislike (0)   quote   flag        

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?
5   Booger   ignore (4)   2019 Aug 5, 4:46pm     ↓ dislike (0)   quote   flag        

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


I don't see that part happening.
6   OccasionalCortex   ignore (5)   2019 Aug 5, 4:49pm     ↓ dislike (0)   quote   flag        

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

Trump must act, and Fuck the Fed.


Ummm, no. Nobody has ever gotten prosperous by debauching its currency. This is not going to end well for China, in particular.

1) China will have to pay through the nose for shit it needs in DOLLARS....do that supports what I just wrote right there.

2) Dealing with cheaper imports a a result of this currency manipulation from China is EASY to do: BAN all their imports! No more fucking around with tariffs. Just ban their shit completely. So Target, Apple and Walmart go out of business. Tough shit.

3) If that doesn't force Beijing to admit that China is the US' bitch followed by bending over and taking Trump's cock... then we enact secondary sanctions on Chinese banks. Let's see how well they function at all in the world markets when they can not literally trade dollars for other currencies and to pay for those imports or even to sell their exports.

4) Formally recognize Taiwan as an independent nation. Hell, we should do this anyway. All it takes is one press conference...
7   NoCoupForYou   ignore (4)   2019 Aug 5, 4:54pm     ↓ dislike (0)   quote   flag        

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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