NOOOOOOOOOOO CHINA WAS SUPPOSED TO WIN THE TRADE WAR NOOOOOOO MUH NARRATIVE

I thought Chinamen "people" were supposed to be smart? Yet they still bet on China winning while wallstreet already priced them out

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Wasn't that what China wanted in the first place?
They decreed that the yuan would be worth half as much.

Their exports become cheaper and their citizens will import less due to the yuan being worth less relative to foreign currency.

Expect a shock in the markets today those that export to China will be rekt and those that import a lot like the US will be angry as Chinese products will be cheaper thus making the tariffs irrelevant.

Nobody got debunked tard

the bear is sticky with honey

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Yeah, and if the Yuan had strengthened you would have just come up with the opposite but equal narrative that ends with them actually "winning" despite losing. That's my issue with libtards you are wrong all the time but instead of learning from it you just double down on narrative and sophistry. It's just meaningless gibberish. You guys just say whatever bullshit pops in your head if you think it sounds good. Sometimes you might even convince yourself. Self-delusion is a heady drug, at least for some people.

The chinese are playing a stupid game. Like a child holding its breath throwing a tantrum, eventually they'll give out. We can wait it out until their currency devalues itself to irrelevancy.

Checked & Trumppilled

I should listen to the new FTN

But Trump says having a currency with a lower value is a good thing. That's why he is shitting all over the Federal Reserve, China and the EU.

>China devalues yuan
>Trump jacks up tariff rates
>China devalues yuan
>Trump jacks up tariff rates
>China devalues yuan
>Boss Wang at the factory finds out that all the foreign shit he needs to import just to live what most Americans would view of as a servicable middle class lifestyle just got twice as expensive. Riots ensue
Seriously though devaluation is a form of direct property confiscation from the public and makes it more difficult for the government to finance its foreign debts. In no universe is CNY/USD devaluation a good thing for the vast, vast majority of Chinese people. Let's see how long they take the abuse.

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never bet against the jews

The difference is that the chinks are willing to abuse their people into starvation while the US goes into a panic over a 5% market drop

In the US there is a major disconnect between main street and Wallstreet. So no the trade war has not had much of an impact on the US.
>inbr, but the farmers! Oh my Monsanto Bayer will have lower quarterly profit!

I don't get it.
Yuan gets devalued in half.
Stores raise their prices twice.
Landlords charge twice as much rent.
Workers wages increase twice as much due to supply and demand of labor.
Everything is still the same.

One of these things is not like the other

I am not a libtard i hate commies with passion they make my blood boil , and what trump is doing is peak keynsian retardation.

Trump could have gained the trade war by gaining small gains in his first term , now china will crash the us economy with no survivors so Trump get's the blame.

The Chinese are playing at another level that Trump can't even seem to understand , the us will have to give up before than them because the separation of powers in the us does not allow Trump to devaluates the us fucking us citzens(thank fucking god for you burgers and those that save in usd worldwide).

As a result trump only tools are tarrifs and bullying the fed to lower rates(to weaken the usd).
But China can bypass this two by devalating, hell even if the us banned all imports from china chinese goods willl still continue to enter the us through canada and mexico again bypassing the tarrifs.
All they have to do is devaluate.

This guy understands nearly everything except he does not realize that China can hold this crap for a long time way longer than the us can no doubt.

>Boss Wang at the factory finds out that all the foreign shit he needs to import just to live what most Americans would view of as a servicable middle class lifestyle just got twice as expensive. Riots ensue

The riots will happen in the us when the left chimp outs as always and the republican base has been rekt by chinese tarrifs so there is no one left to defend the usa.

>Seriously though devaluation is a form of direct property confiscation from the public and makes it more difficult for the government to finance its foreign debts. In no universe is CNY/USD devaluation a good thing for the vast, vast majority of Chinese people.

You are 100% correct this is peak keynsian retardation but you forget we are in clown world timeline.
Just look at Trump response to the last devaluation , it was bullying the fed into making the dollar weaker , we are in a race to the bottom.

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>this much reddit space

>not good for the vast majority of people
Does that matter in a dictatorship?

Why does China keep insisting anyways, they already have all the stuff they need to be self sufficient, they don't need the US anymore.

What did user mean by this? Bears...shorting the market? Brazil just had that dieoff of bees...

FUCK EVERYBODY SHORT BASEDBEANS

I know i use a lot of reddit space but then again most posts here don't have 3 lines it's hard to make a long post here without redditspacing.

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>if the yuan is devalued people will riot!
this retarded belief is why the US keeps failing at regime change with useless sanctions.
Look at Cuba, Iran, North Korea, Venezuela, they all endured hyperinflation and near-starvation and didn't blink.
And all those countries were much less stable than fucking China.

Yes basedbeans are about to get rekt.

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Keep in mind that this trade war acts very similar to a federal rate increase.

We are already peak economy. Unemployment won't get lower, wages aren't getting dramatically higher. Oil and utility prices are still low.

Not replying to you, since you are clearly retardee, replying to your argument.
People need to understand that China, like any former communist economies, has TWO economies:
1-The internal economy which means the production of goods and services by and for it's people. Here the prices are heavily regulated and artificial b/c it is like a barter sistem. Peasants produce rice, workers produce stuff, one kg of rice will allways be one yuan, no matter the yuan-usd exchange rate.
2-The external economy which goals are to get usd and foreign currency in. The real cost of bringing that currency in, doesn't matter. Very few people in China are connected to foreign currency, and those who are make sure to export it asap back in the West, mainly in real estate.
So, in order to be competitive in the global markets, the chinks just devalue their currency to counter tarrifs and it's back from square one.
For the common people it does not matter if 1usd is 100 or 1k yuan, as long as 1kg of rice is allways 1 yuan.
That's how communism werks.

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Yes, expect the US to label them a currency manipulator again by tomorrow.

When everyone is headed toward default/debt reset and a new reserve currency, the optimal move is to print USD into oblivion to buy and onshore as much critical guns and butter production as possible before the music stops. I don't know how well Trump's playing that game, but it is the game to play.

You reply to the argument that libtards spew narrative rather than facts with more narrative. Nice

Always bet against the immoral

Here are some facts:
consumer inflation rates are over 20% (!) in Venezuela Argentina Iran Turkey and Egypt (and many more shitholes, like Zimbabwe or Angola)
Besides Venezuela (which has like 1000% inflation), none of those countries are collapsing in civil war or dragging their leaders through the streets.
Argentina's tanking a >50% inflation rate and the incumbent is only mildly worried about getting reelected.

Now guess what China's inflation rate is.

It's not the facts it's the "implications" where you libtards start with the narrative. See the facts can be literally anything and you'll just say it supports the conclusion you had already reached. That's how you think so there's no point in even having a conversation with you. It's like the socialism argument. Libtard: well "real" socialism hasn't been tried. Yeah, sure buddy. I had a libtard tell me only the "bad" Cubans try to raft it across the gulf to Florida and the "good" Cubans are living in paradise still on the island. In this instance it just doesn't matter what the real conditions are and that Cubans are literally fleeing in innertubes. The narrative is confirmed either way. You people are fucking sick.

Are you drunk?

is this a serious post? what he said was objectively true and incredibly basic economic theory, you have to be baiting

no just doesnt fit his narrative

Hi samefag
Hi samefag
Hi samefag

right

China's central government would rather risk mass starvation an rioting than bend the knee in front of the international community, and Trump knows it.

Yeah they're definitely not running out of dollars to defend their currency

yep

Apparently the Chinese have a lot of basedbeans and other stuff in storage. Apparently enough for a long time. Though it ain't stopping their pigs from dying, though apparently they have a shit load of frozen pigs also.

Chinks are even more docile than americans.

They can take a beating.

acceleration is very much needed in China. good timing with the Hong Kong protests.

you should learn a bit about rioting in mainland China. they are conditioned against it. they will go to war before they riot en masse.

If their currency loses all value, then what's the incentive for a Chinese soldier to go to war? Do you really think they love China that much?

Savings get destroyed by half. People stop using fiat to save. It stops being a store of value = it's no longer a currency and hyperinflates to 0

I would argue that the mindset of the average mainland Chinese has changed since the post 2005 capitalist boom. The working classes got pretty antsy in 2008

Every lefty, libertarian, globalist, neocon: Trade wars only lead to devastation! Dont do it!!!!!!!!!!!!

Sorry spineless fags, in this game of chicken the US has all the cards. Maybe stop folding before the hand is dealt.

>Workers wages increase twice as much
yeah, right. how fucking old are you?
>Everything is still the same
until you want to buy something from foreigners, because you dont have it or cant make it. then youre instantly forced to pay twice as much.

>he plays chicken with cards
How...?

This. Trump knows its the end and is pumping all of it in USA strength.

>actually believing it works like this

Reality pill - all those things increase except wages.

ain't that a good thing for crypto

Trump has Andrew Jackson's portrait in the oval office for a reason. Trump isnt a keynesian....hes shitting on the Fed and will ultimately bring in a gold standard again. One morning we will wake up and gold will be revalued to somewhere around 30k/ounce to purge all the debt from the system

overnight gold revaluation coming.

Would be awesome.

Damn, this is actually more embarrassing than "he will restore the second temple and Jesus will come back"

look at who is repatriating gold. theyve all been told this or see the writing on the wall.
xi, putin, saud's included

They are not even trying lel

Why not impose Chinese tariffs based on the USD cost of those Chinese goods? Wouldn’t that be checkmate?

Yes...east has the gol but america/JPM havea huge fuck ton stock pile of silver.

Let gold rise to 30k/ounce......then let the current ridiculously out of whack 80 to 1 silver to gold ratio go back to its historical 16 to 1 ratio.....and then you have a clean reset.

Several of the countries you listed have had coup attempts in just the last 5 years.

if they blame another government for their woes, that will be the focus, as opposed to blaming their government. the movements of the populace don't have to appear to be rational at a distance. they rarely are. was Mao's revolution logical? the people actually took up arms against logic. And this isnt just china, americans frequently act according to boogeymen too (ie THE russians, THE chinese, THE terrists, THE messycans), it's just that protests in the usa don't end with the government gunning people down or crushing them with tanks.

Once the dollar depreciate, that is when the bubble bursts.

CIPS
Fucking over the SWIFT is suicidal.

>People need to understand that China, like any former communist economies, has TWO economies:

Imagine having to tell yourself this in order to make your worldview fit reality.

>getting your currency devalued for free
something the US baboon can only dream about, that said Trump doesn't seem to understand the US mostly sells goods that don't have to compete by price..unlike china which..
>is fucking happy about a weak yuan
>says thanks to dotard
I suggest sticking to memecoins you amateurs.

you fucking retard. that's what they always do to combat outside pressure. they constantly devalue their currency. even trump talked about it. jesus christ, trumptards are so fucking stupid.

>either / or category thinking
i can smell you low IQ americans from miles afar. You won't ever witness the day when the yuan reaches zero, do you understand that?
It would mean literally EVERYBODY in the world could buy china with their pocket change.
The yuan is intertwined with the chinese economy, same as the dollar is backed by the US economy.
I bet you are one of those telling people about gold-backed US dollar good no?
You fucking retards, collect your shitcoins and don't bother with real markets.

imagine these clowns

I mean, sure, but the coup against Erdogan was before inflation spiked.

As I said, China is much more stable (and possibly more ruthless) than Turkey or fucking Argentina.

>thinks devaluing your currency has no negative repercussions
>calls others stupid

Obviously it does, but until now China was doing that itself over the complaints of literally the entire world, so I'm pretty sure everyone agreed that the pros outweighted the cons.

>>Breaking911
That sounds like some shitty Netflix conspiracy doc

It really doesn't, not anymore.

>Yeah, and if the Yuan had strengthened you would have just come up with the opposite but equal narrative that ends with them actually "winning" despite losing
That's basic macro economics you absolute retard. The absolute state of Jow Forums posters.

This.
Moreover, almost no one seems to notice there are two yuan: CNH which is offshore yuan and CNY which is mainland yuan.
The PBC regulate the ratio between the two in a completely arbitrary way.
On the mainland you can only use CNY while CNH is used for international payment.
Put into practice: a foreign company needs to pay another company in china, so that company needs to convert USD to CNH in a Honk Kong bank then needs to convert CNH to CNY to pay the chinese company; in this case the PBC will set a lower value on the mainland CNY so that they get payed more cash (CNY).
The contrary is also true where a chinese company needs to pay a US company; the PBC will raise the value of the CNY compared to CNH so that they can pay the US company using their inflated CNY. (higher CNY which must be converted to CNH then converted to USD).

>China holds all the cards
>China is communist and plays by whatever rules its wants
>China simply treating to close off trade with the USA would cause a crash so big it would make the great depression look like a joke.
Trump tards always think they know whats up when the smallest thing happens

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If the Yuan strengthened, there will be a stock market rally in the Chinese markets.
The first actual stock market movement since 2015 aka the Great crash.
2019 is nowhere near as bad as 2015.

Trump is riding the Fed's dick no matter what he says. If we went on a gold standard, the economy would collapse in the short term. It'd be over for his presidency.

WTF BROS WHAT DO WE DO AMERICA CANT WIN AGAIN

It does but not for an industrial superpower with 1200b citzens and an export economy.

but 2015 was a chinese nothingburger as well in the end, way too much panic in markets back then. I do remember how rude it was, but it was more of a flash crash.
This time it's different because you don't have much predictability including a US election 2020 campaign slowly building up..investors will want to wait that one out at some point.
Trump simultanously begging the FED to save his election while telling everybody the market is bestest doesn't do the math either.

>things most americans don't understand
you should listen to these guys

It's good along that one aspect, but if you think nations can just devalue their currency forever, why don't they? You should be able to think of at least three obvious reasons.

>kent state

Because China needs the US far more than the US needs China.

>weaker Yuan makes Chinese export cheaper therefore nullifying Trump's tariffs

Imagine missing the point by this much.
The whole point is that China has to lower its Yuan EVEN FURTHER to keep up with the tariffs.