/biz/ - Business & Finance

it is US that have moved their factoryes to China
nobody force US doing so, but US did it because it wanted so

and what i understood, China can devaluation their currency if they want, its not US business

US cant do the same, but that means that US citizens that hold and use US dollar, lose purchase power by weakening dollar

it is US that have moved their factoryes to China
nobody force US doing so, but US did it because it wanted doing so

and what i understood, China can devaluation their currency if they want, its not US business

US can do the same, but that means that US citizens that hold and use US dollar, lose purchase power by weakening dollar

>>15128788
Gonna CRY? PISS YOUR PANTS MAYBE? MAYBE SHIT AND CUM?!

>>15128797
No, I won't actually

>>15128788
Based Chinese VPN poster, checked too.

Nee-how! Did I say it right? Lmao

Why would China weaken their own currency? Where's the benefit in that, for them?

pic related: it's me

>>15128682

this is clear indication that FED is going to continue cut their interest rate, and that of course weakening US dollar, and that is bullish for gold and silver because people dont want lose their purchasing power by inflation if they hold their US dollars

>>15128819

im from europe, and just observing situation, and my opinion that blaming China is stupid, when US have by own will removed their factoryes to China

What did he mean by this?

>>15128822
It's cheaper to buy from them so the factories stay open

>>15128819

im from europe, and just observing situation, and my opinion that blaming China is stupid, when US have by their own will removed their factoryes to China

nobody forced US to to move their factories to China, they did it, because they get so much more profit because chinese labour was so much cheaper than US labour

>>15128807
you gay or something?

>>15128822
China benefits from a weaker currency in its exports, as well as being an instrument to counteract the US import surcharge announced Thursday, day 1.

>>15128969
But doesn't China have to pay more money in the long run?

We whities wuzz kings and shit before China started manipulating their currency

>>15128881
Kek, ching chong go eat some rice Chang

>>15129016
to the orange man, yes. but the damage was worldwide, and china will benefict from this

>>15128682
Lol look at him squirm

>>15128964
No. I'm not

>>15128788
Okay, Tencent. We already told you we don't care.

>>15128682
Literally who cares?

>>15128788
>China can devaluation their currency if they want, its not US business
I might be remembering wrong, but currency manipulation isn't allowed by WTO, one of the conditions for China being allowed in was that it would stop devaluating its currency

>>15129016
Not if they have a surge in exports because demand increases due to the cheaper prices

>>15129401
>chinks
>following rules and laws

pick 1

>>15128682
this is why you buy CHAINLINK.
in 2020 LINK will replace all world currencys

>>15129401
Bingo bango bongo KAG

>>15128822
There is a train that is about to derail. You have two options, stay put and hope you survive the crash or jump off roll and hope you survive. China made a decision.

>>15128822

China reacted in a meaningful way to Trump's tariff threats.

It's now tit-for-tat responses.

You best start believing in a trade war anon, because you're in one.

>>15128825

>and that of course weakening US dollar

Look at how the US dollar responded in 2008/2009 to the rate cuts.

The dollar actually rallied.

>>15128682
Ok that's great, but how do I, the working man, see anything from this? Will my wages increase? No.

>>15129523
Because the fed promised to not monetize the debt and they promised to bring rates back to "normal." Its clear that the policy failed when we couldn't handle 2.5% interest rates. We banana republic now.

>>15129591

No, the dollar rallied in spite of the cuts in 2008/2009 because every man and his dog took refuge from equities in US treasuries.

If you look back at the Fed funds rate, the average rate has been decreasing and decreasing over the last 4 decades.

With that in mind, the normal rate WAS the 2.5% we got to.

>>15128881
I AGREE WIT YOU HEINRICH YA CHINA NUMBA WAN

>>15129682
Its not going to happen this time bud. You are in for a rude awakening.

>>15128857
Baron taught Donald how to quick switch scam trade on runescape.after he got scammed 100b on his Christmas rares.

>>15129723

I don't really care. My play doesn't involve benefiting from inflation, my play involves US tech equities going down.

>>15128881

>nobody forced US to to move their factories to China, they did it, because they get so much more profit because chinese labour was so much cheaper than US labour

Embracing China was a deliberate STATE driven policy though from the 1970s. It was conceived by Richard Nixon to split the Communist world and isolate the USSR.

It worked wonderfully.

The problem is China didn't collapse with the USSR. In fact, American businessmen blinded by corporate profits and American politicians blinded by America's might in the 90s and 00s embraced China even more.

Americans are right to try to stop it now, but I think that ship has sailed. Only a major war could stop China now.

>>15128857
Wow GENIUS!@123

>>15129145
China is going to be busy suppressing internal revolts. The sole justification the CCP had for staying in power was that the average Chinaman's standard of living was rising. Trump has said "no, China, you don't get to fuck the U.S. up the ass on trade any more."

Meanwhile, China is a net importer of both food and oil. Chinese pig farms are getting destroyed by African Swine Fever, and the price of pork, really of any sort of meat, is skyrocketing. China's response? "No more importing pork or any other food from the U.S.!"

Look at Hong Kong for what's going to be happening all over China in another year. Hungry, jobless peasants are going to be a lot harder to crush than wealthy entitled Hongkongese.

>>15128822
They're shorting themselves for profit

>>15129748
underrated

>>15129846
You talk like the game is over, meanwhile in China widespread social unrest and famine is taking hold.

>>15130589
famine-chan when?

>>15128682
Can someone explain to me how China devaluing their money is bad for the US

>>15128822
TO LOWER THEIR DEBT RETARD

>>15129748
undeniably based

>>15130831

Oil and gold are pegged to the Chinese yen. So the yen dropping means more oil and gold on the world. And that has obvious reperconsequens

>>15128682
J-JARED? WHERE'S JARED? HELP ME JARED I NEED A CHEESEBERDER. I-I-I NEED TO PAY ISRAEL. HELP ME JARED. F-FUCK AMERICANS, I NEED TO SERVE ISRAEL.

>>15128857
how could we have let this moron run the country
jesus fucking christ

>>15130589
Is this going to be great leap forward number 2?