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/biz/ - Business & Finance


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15116193 No.15116193 [Reply] [Original]

The big pump begins tonight. Money is being moved it record speed.

>> No.15116211

yikes
https://www.nytimes.com/2019/08/04/business/china-yuan-renminbi-7.html

>> No.15116213

Popcorn.gif. Let the fireworks begin.

>> No.15116221
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15116221

>>15116193
An absolutely glorious week or even month is ahead of us, frens.

>> No.15116237
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15116237

Their devaluing their currency to counteract tariffs. Business goes on as usual...

>> No.15116239

here we go boys hold on to your butts

>> No.15116245
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15116245

>>15116213
>12k eod
>14k eow
>16k eom
>20k eoq
>100k eoy

>> No.15116247

>>15116211
Can you post an archive? I can only read 1 article a week.

>> No.15116260

Looks like China's playing 4D Chess. Trump getting bent backwards by the Chinese. If I were an American, I'd be embarrassed as fuck right now lol

>> No.15116264

A weaker currency could prompt wealthy Chinese to shift their money out of the country, so nobody wants to hold investments in a currency that is losing value

>enter bitcoin

>> No.15116285

>>15116260
China is in trouble. They have been cheating everyone for 40 years now. The day of the rope is here

>> No.15116303

>>15116260
They're playing the same game they always play. And Trump always called them out for manipulating their currency. This was expected, not good for China.

>> No.15116354

>>15116260
Imagine thinking the orange man isn’t savvy as fuck with finances. This ain’t his first rodeo with these slant eyed fucks.

>> No.15116364

what the fuck is happening, pls explain for brainlet

>> No.15116375
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15116375

>haha its totally the end this time guys

>> No.15116402

>>15116364
Chinese Currency is collapsing for real. They are buying BTC and other crypto’s because holding it in Chinese Yuan is fucking crazy

>> No.15116413

>>15116193
keep coping guys. you all irrationally salivate over any indication that china is going to fall but you guys continue to be wrong each and every time. this is going to be a nothing burger as usual

>> No.15116429

>>15116354
He was funded with daddy's money and has gone bankrupt multiple times. He lost money OWNING A CASINO. You're part of a cult.

>> No.15116439
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15116439

>>15116364
China currency losing value fast

https://es.tradingview.com/symbols/USDCNH/

As a result their exports will be cheaper and they will import less , furthermore they have put restrictions on us agricultural exports which means the us economy will be rekt.

Drumpf only way out will be to devaluate the usd and that will pump cryptos massively.

Mexico is also devaluating their currency as we speak , bitcoin will pass 20k between the next 14 days.

>> No.15116444
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15116444

>>15116402
>and other crypto’s

>> No.15116451
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15116451

All commercial flights in and out of HongKong are canceled. There are millions rioting in the streets due to China flexing and claiming sovereignty over Hong Kong.

It’s for real

>> No.15116453

>>15116237
It’s theyre. Like they are
Post moar
And feet

>> No.15116469

>>15116260
literally this. do any of the china fudders in this thread actually understand the ramification of this move beyond "hurrr china's currency is weakened"? china weakening their currency is being done as a retaliatory measure against the trade war; most of you all probably didnt even read the article and just think that this is naturally happening as opposed to being an intentional move by beijing (which is clearly stated in the article)

>> No.15116483

>>15116469
You are one dumb nigger if you think China will survive this without making a deal with Trump. Apple is leaving China.

>> No.15116500

>>15116469
>+cum
>69
>believing anything else but the known facts from new kike times
ok

>> No.15116503

>>15116483
youre in for a rude awakening in the future lol, you literally have no idea

>> No.15116509

>>15116469
you don't think trump expected this?
china just played their hand and now it's trump's turn to devalue the USD
based 343-D backgammon
>Q

>> No.15116511

>>15116469
Kek, there is literally no real loyalty or nationalism among China’s population, what they care about is their pocket book. Watch as all the elites dump their wealth out of China and that piece of shit communist regime collapses for good. Trump is going to go down as the next Reagan who stood up to the red menace.

>> No.15116513

>>15116469
Yes, but if the currency continues to weaken (e.g., more tariffs, etc), then the wealthy chinese are going to get their money out.

>> No.15116518
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15116518

>>15116453

Don't correct me cuck

>> No.15116537
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15116537

>>15116364
China is allowing it's currency to devalue because it's economy is based on exporting cheap shit. Cheaper Chinese yuan = people in US and Europe buy more cheap Chinese exports. This also means you can take a trip to China and buy this girl for $10

>> No.15116565

>>15116537
so we still collect on tariffs
trump should raise them higher if the chinks want to play ball

>> No.15116568

>>15116518
>not a feet pic
You need more than correction

>> No.15116570

>>15116503
I don't think any of us can know what political mind games are going on, there's only speculation. What we do know is nobody would hold Yuan if they didn't have to while it's plummeting, and people exiting will only send it plummeting further and faster. Who knows if they'll move to Bitcoin, or USD, or what, but China is fucked.

>> No.15116577

>>15116193
>>15116211
>>15116221
>>15116245
>>15116354
>>15116364
>>15116439
>>15116469
>>15116364
>>15116503
how the FUCK is it crashing when its going UP you fucking RETARDS

>> No.15116592

>>15116513
I wonder how much the elites there actually own in that country tho. To say that a communist market is volatile is to put it mildly

>> No.15116595
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15116595

>>15116577
it's going up from the usd point of view brainlet.

If you were a chinese citzen on of the 1200b of them it means that now you can buy less usd.

As a result their wages are lower as a result you have 1200b people with lower wages now and as a result it's exports are cheaper and they have less money to buy imports.

This is massive , chinese exports are now cheaper and they will import less things.

>> No.15116597

>>15116577
Vs USD retard

>> No.15116599

>>15116429
Kek. Sure thing, free thinker.

>> No.15116601

>>15116354
Orange man was bailed out by (((Sheldon Anderson))) for the cost of his soul.

>> No.15116605

>>15116429
>has gone bankrupt multiple times.
Not him, his businesses. He owns many businesses. It's a smart move at times, your pea sized brain wouldn't understand.

>> No.15116613

>>15116577
Oh fuck you’re kidding right it’s against the dollar look again

>> No.15116616
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15116616

>>15116429

>> No.15116638

>>15116592
Alot, my company does alot of business in China, virtually anyone with money and a factory has their kids in college in the west and houses and property here. These are the kinds of people who will get their money out fast initiating bank runs. Don’t forget only 50 years ago these people were eating bugs and finally now making it in life, they will put their family and well-being first before pleasing the central government.

>> No.15116643

>>15116605
Fucking this
If you’re a biz man you’re gonna own a diverse portfolio and many companies. It’s a probability thing if you throw enough calculated spitballs at the wall some of them will stick. The rest are a cost of operating in a way. Failing to learn from a failure is worse than the failure itself

>> No.15116646
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15116646

THIS IS NOT A DRILL

>> No.15116648

>>15116429
Bet against him then. Lmao
He’s the fucking president idiot.

>> No.15116655

>>15116260
>If I were an American
Yeah, if only majority of the posters here were American we wouldn't have threads celebrating on this bullshit.

>> No.15116694

>>15116638
Right those industrial investments make sense but owning land in China or keeping more than enough funds in the bank than whatvyou need to operate seems potentially problematic. Admittedly I know shit about them or have ever been there. It’s not on my bucket list tho
Bottom line for me is do I buy more gold and silver or not?

>> No.15116714

>>15116648
hahaha president idiot. yeah that sounds like el trumperino all right, that guy's a fucking mong, attracting even lower IQers like moths to an orange flame. pathetic

>> No.15116742

>>15116439
Only based anon here

>> No.15116748
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15116748

>>15116577
Are you color-blind? Look at the chart again you massive faggot!

>> No.15116779

>>15116429
This. All china has to really do is wait the man out. One more year isn't a big deal in the grand scheme, even 5. The only thing China or any government has to fear is losing power, and that will not be happening in China I can guarantee. The party does not give a shit what the people have to go through, the party will be just fine.

>> No.15116799
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15116799

>>15116577

>> No.15116817

>>15116779
oh you think china can survive if trump wins in 2020?

>> No.15116858
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15116858

>>15116817

He >>15116779 has Xi Jingping's cock so deep in his mouth it's coming out of his ass.

China will have soon Tiananmen x10 across the whole country.

>> No.15116888

>>15116817
... how fucking dumb is this?
you think china gives a fuck about the Western world when they make everything and the Western world's economy is founded upon starbucks lattes and box office tickets for Shrek?

>> No.15116900

>>15116888
HEY, Shrek is a great film trilogy.

>> No.15116904

>>15116237
>expects biz to actually know how economy and trade works
i have bad news for you

>> No.15116914

>>15116817
no doubt in my mind, the only thing china is afraid of is civil unrest or external invasion. i believe their economy and their net savings makes them very resilient to economic troubles. china is at 6.2% growth vs 2.1% USA.

>> No.15116916
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15116916

>>15116429
>DRUUUUMPFF

>> No.15116924

>>15116237
It’s called capital flight lol. What do you think happens to cause a currency devaluation?

>> No.15116934

>>15116779
>He thinks trump is going to lose 2020
Nah man, I am not a fan of trumps but he's not going to lose. The Democrats have no one of the same level of charisma as him. And thats all people care about.

>>15116858
>China will have soon Tiananmen x10 across the whole country.
This may actually happen

>> No.15116939

>>15116858
Why are you so delusional? As long as the government continues to put all power in Xi nothing will happen.

>> No.15116945

>>15116264
*capital controls you*
noring personel, enreneur

>> No.15116955

yea Chinese government got money but the ppl there are starving...no money is going out of the country keep dreaming guys

>> No.15116995
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15116995

>>15116888
you're trippin if you think China is going to end up on top. they are going to the bottom OF THE OCEAN.

>> No.15116998

>>15116955
what a waste of dubs

>> No.15117021

>>15116503
>cum
>jk
>xx
your ID said more about your post than I ever could

>> No.15117038

>>15116914
>6.2%
Why would anyone believe that number?

>> No.15117071
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15117071

food is a meme....

but yeah, trump cant save the industries, now he cant save the farmers, people in the city have to pay way to high rent or property prices, cities in US are planned for cars, so everybody needs one instead of bike or public transport...China has been recolonizing Africa for the last decades... you know, the it´s all so tiresome meme..... So they have their food sources covered. The only thing burgers now have are mountains of GMO basedbeans that they cant turf to the EU, no manufacturing base since it´s all in China or Mexico. Whats left? service industry, aka flipping burgers, and walmart greeters and finance.. Oh wait, Amazon will take over retail with delivery drones, bitcoin, smart contracts and what not will make all those big ivory towers obsolete and whats left.... burger flippers... and muh military... yeah, have fun with the expensive toys when the petrodollar stops working. China is biting a bullet now, but as the other guy said, they are cunning and have a plan.

>> No.15117110

>>15116817
dude, china has been around for like a million years.

they've been around the block more than once

>> No.15117115

>>15116193
>Kyle bass
Cringe

>> No.15117218

>>15116914
That growth rate consists of building empty apartment block shells in stolen peasant rice paddies, the whole country is the tail wagging the dog

>> No.15117348

>>15117218
i know this was reported on the news, but how much of this is the truth. Someone please redpilled this shit please.

>> No.15117379

>>15116451
That is because ATC is striking

>> No.15117380

>>15116237
How would this work?

>> No.15117391

>>15117348
no one knows what the China GDP growth truly is
but you can be damn sure it isn't 6% lol
that number is a joke. If Chinese GDP is growing at all the number is closer to 2%

>> No.15117400

>>15116916
REEE HOW DID HE PAY SO MANY AMERICAN TO POKEMON GO TO THE POLLS? RUSSIA MUST SURE HAVE BEEN INVOLVED

>> No.15117404

>>15117348
In China , jobs created are the most important criteria for business loans given out , not profits. Hence why everything is overproduced leading to dumping or ghost cities. As long as people have jobs they won’t revolt against the communist party.

>> No.15117418
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15117418

>>15116577
dude its going up against the dollar, which means a devaluation.. me thinks you're the fucking RETARD. learn to read charts you room temperature IQ douchebag.

>> No.15117424

>>15116537
Buy her, or just rent?

>> No.15117466

>>15117380
USD can buy more Chinese goods, counteracting tariffs.

>> No.15117474

Compare BTCUSD chart with USDCNH...

>> No.15117758

>>15116429
you don't understand the meaning of filing for bankruptcy lmao

>> No.15117784

>>15116577
>we have to share a board with you

>> No.15117803

>>15116193
Is it fucked that when I see chart like this now, I imagine it pumping/dumping 50%? It's actually only a little less than 2%.

>> No.15117817

>>15116193
>China
>money

This causes China to ban Bitcoin again in 5, 4, 3,...

>> No.15117818

Who else rooting for chinks here? Fuck Amerigoy cancer I hope they all starve

>> No.15117830

>>15116193
I just fucking sold all my ren for bitcoin yesterday and ren pumped 30% today fucking kill me. I really hope btc pumps again tomorrow this is whack.

>> No.15117842

>>15116260
I'll be honest, I've never really liked the guy. Not so much because of his decisions, but because of the way he handles himself. He's very unprofessional. What fucking president spends six hours on twitter a day for god sakes? But I will say, I think he's doing a pretty solid job with China.

>> No.15118140
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15118140

>>15117842
nah. china doesn't want to deal with trump for another 4 yrs. it'd be better long term to take the hit now and tank the world economy and stock market to get rid of him.

>> No.15118159

>>15116577
Retard, you need to go back to where you came from.

>> No.15118347

China is an insane economical motor. A lot of these comments are huge amerigoy cope because nobody needs $20/hr factory workers anymore. Also a bunch of shitty sevice workers. 80% of Americans has become obsolete.
Trump actually making a fist against competition is laudable but since huge swathes of Americans are against him, including about 100% of the media and 90% of "intellectuals", the outlook seems grim. Much of your infrastructure is third world tier too.

>> No.15118372

>>15118347
It's cool bro, I hold Link. I'll just go to whichever country wins the trade war and be rich there.

>> No.15118876

>>15116429
This is almost as bad as Link FUD.

>> No.15119063

>>15116469

>+cum
>69

Thats gay

>> No.15119138

>>15117842
It literally takes 30 seconds to craft a tweet, even if it did take up “hours” of his time, most of Trump’s tweeting is done at 3am when past Presidents were asleep anyway so it’s not effecting normal work hours. The guy is a beast and barely sleeps. Personally I like his shitposting because it means he is keeping a dial on what real Americans are talking about versus what hack pollsters are saying.

>> No.15119393

>>15118347
>China is an economic motor
No, it never was, it always just was a sweatshop

>> No.15119689
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15119689

>>15116577

If your black you have to go back.

>> No.15119703
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15119703

>>15119138
imagine being this stupid

>> No.15119710
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15119710

>>15116429
>He lost money OWNING A CASINO.
Yeah, it definitely had nothing to do with Atlantic City and New Jersey being run into the ground by Democrats. Literally all of the casinos there have gone bankrupt because the NJ and AC governments have been fucking them over for decades.

He's had four bankrupt businesses out of a couple of hundred that he's run. That's a far better record than the average bear.

>> No.15119738
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15119738

>>15116469
>The world has so little faith in China's currency that it dumped like Bitconnect.
>It's over for Drumpht and his trade war...

>> No.15119741

>>15119710
hurr durr DEMONCRATS AMRITE?
he's a conman and in 10 years you all will be saying, that you never supported trump, just like bommers with young bush

>> No.15119743

>>15116354
Orange man is a certified retard when it comes to finances.

>> No.15119774

>>15116483
China can endure and make their citizens endure far more than what the US can. They will run the US agricultural exports into the ground and hit Trump where it hurts, the uneducated farmers who voted for him.

>> No.15119789

>>15116914
>their net savings
LOL

Google the two words "china" and "rehypothecation". You could throw in "crisis" or "scandal" or "holy shitballs China's fucked" too if you want.

>>15117348
People have literally done videos on it. Serpentza even did one just before he and his buddy fled China ahead of their arrest warrants.

>>15117818
LOL, the USA is a net exporter of food, while China is a net importer of food. All the pigs on China's farms are dropping dead of ASF right now. The Chinese population is going to be the ones starving.

>> No.15119810

>>15119774
US agriculture is going to have a horrible year due to such a wet spring. Not selling to China won’t effect the outcome at all since the crops will have horrible yields this year.

>> No.15119822

>>15119774
farmers are alrady crying, since china dumped their onions and started buying from papa putin
and handouts for farmers are going to big farming companies anyway, so they can buy small farmers out
another win for trump's friends, not so much for anybody else

>> No.15119824

>>15119710
Remember Trump casinos, Trump steaks, Trump airlines, Trump vodka, Trump mortgages, Trump university, Trump Foundation?
The list of failures, certified scams and certified bankruptcies is long ans the simple fact that no US bank would loan him a single cent after the early 90s should be enough to understand that trump is a complete retard back by Deutsche bank and the Russian mafia

>> No.15119826

>>15116577

you have to grab the screen upside down

>> No.15119829

>>15116914
I always laugh when people cite 6.2% as if it's a strong growth rate for China. It's their worst rate of growth in more than a decade. People really don't seem to understand how massive our economy is in comparison.

>> No.15119831

>>15116193
I think this bitcoin pump is being caused by Chinese millionaires getting their wealth out of yuan. are we going to see a 30k BTC?

>> No.15119832
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15119832

>>15116237
>>15116260
>>15116413
>>15116429
>>15116469
>>15116537
>>15116779
>>15116888
>>15116914
>>15116939
>>15117110
>>15118347
>>15119743
>>15119774
Let's see if we can shake out some of these chink shills....

动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门

>> No.15119839

>>15119822
Handouts to farmers are literal socialism, how fucking hypocritical from every single Trump supporters to ignore this

>> No.15119853

>>15119831
>I think this bitcoin pump is being caused by Chinese millionaires getting their wealth out of yuan. are we going to see a 30k BTC?
Yes, that's one reason. Another one is hedge funds actually pumping money into crypto to hedge against the trade war.

My bet is BTCUSD at 30.000 end of 2019, BTCUSD at 50.000 end of 2020 if Trump wins the election.

>> No.15119871

>>15116237
stocks overall overpriced

>> No.15119875

>>15119824
I love retards that don't understand how trumps business works. Yes he actually started a steak, vodka, water company as well as a 'university'(real estate seminar that because it has university in the name the left pretends was set up as a university). I just legitimately can't believe people are this fucking stupid.

>> No.15119906

>>15119853
time to vote for trump bois, dont be traitors fuckers. I want to be rich.

>> No.15119905

>>15119871
I think you mean that the USD is devalued.

>> No.15119926

>>15119832
Solid post desu

>> No.15119933
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15119933

>>15116429
>You're part of a cult.
Sure we are.

>> No.15119941

>>15119832
based and UTF-8-pilled

>> No.15119975

>>15119933
yes, DOG, you literally are
it isn't healthy to idolize people

>> No.15119995

>>15116817
the economy will be in a worse recession than 08 by then. there's no way in hell he wins.

>> No.15120157

>>15116601
And soros and the saudis and the sultan of brunei, true story, worst bag man ever

>> No.15120171

>>15119995
He's manipulating the markets. He will drop the trade war and stocks will moon for the election

>> No.15120218

>>15119995
Kek. I’m sure you know more about how to handle the economy than a successful billionaire businessman, right, my little wolf of wall street? ;)

>> No.15120239

>>15120218
>successful billionaire businessman
so successful nobody in NY and no american banks wanted to loan him money after 80's so he had to loan from deutsche bank russian mafia
and when he's asked for his tax returns, he screams and does everything he can not to disclose them
billionaire my ass

>> No.15120244

>>15116429
>Le Trump Bankruptcies
6 of his 530 business went bankrupt you mongx that's over a 98% success rate

>> No.15120246

>>15119832

Whew

>> No.15120253
File: 39 KB, 644x500, This+meme+is+called+brainlet+wojak+_73c052b7ce6b031a7963b29e865681eb.jpg [View same] [iqdb] [saucenao] [google]
15120253

>>15120239
>deutsche bank russian mafia

>> No.15120271

>>15116193
Get fucked, chinks. MAGA

>> No.15120285

>>15120271
That's some nice fiat you've got there,
friend. It would be a shame if someone came along and... devalued it.

>> No.15120288

>>15120253
he's sucking putin cock harder than you suck trump
it'll be fun to see all of you denying that you ever voted or meme'd for trump in 10 years

>> No.15120538

>>15120288

>Putin

did you suck that straight from CNNs cock you fucking drooling cuck?

>> No.15120717

>>15119832
When faced with the truth or good arguments all you can say is chink shill? Grow up and get real moron.

>> No.15120944

>>15116714
durp

>> No.15121696

>>15119933
Funny how the scroll says she's still the projected winner while he has won already.

>> No.15121733

>>15116429
>Repeats NPC loop
>Says others are part of cult