IT'S HAPPENING!
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wsj.com
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based hopefully the global economy crashes
Tldr
>"US treasury designates China as a currency manipulator"
Read the title you lazy nigger.
What does that mean?
Bump
literally nothing
Just a step closer to bugman war.
What's with all the shills pushing this xanax bullshit?
I thought libs and nigs loved them things
China can be sanctioned by the IMF or even worst its membership suspended until it abides by the rule.
Buy bitcoin and get to your local citadel. You don’t want to be out there with the niggers when the welfare checks dry up
Why not? Hunting season starts early this year.
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It means prepare for a fucking tsunami of Yuan flooding the world.
Your choice...seems risky
HOLY FUCK A CAMPAIGN PROMISE KEPT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You mean communists lie. I'm shocked shocked I tell you.
Well, God damn.
Trump has managed to get me to root for China on this one.
Link it, though.
Nah, I can actually aim. But if I die, at least I'll go out doing what I love.
Why?
Nice distraction from Trump calling for gun confiscation and white Genocide
>Why?
Because he's a fucking traitor.
>Nice distraction from Trump calling for gun confiscation and white Genocide
China's economy is basically nothing without manipulation & is in a constant state of hanging by a thread. You ever see those fake cities they build in the middle of nowhere over there that have like a couple hundred people living in them, then quickly turn into urban decay? Its that.
Just yesterday some user posted NPR's list of Trump's promises and if they were completed or pending. They can now scratch this off the list.
I'm out of the loop, could you please fill me in?
You have to go back
>Just yesterday some user posted NPR's list of Trump's promises and if they were completed or pending. They can now scratch this off the list.
He never promised to implement gun control. He promised to do the opposite. Every other promise is pointless.
And putting us in the hands of leftist psychologists and judges is dispicable.
>You have to go back
Ok..... there. I just went back.
Idk im just a low level shill man. I do what my employers tell me.
No arguing with you there, man.
>动
i didnt make it that character
honestly doubt china or anyone who deals with them really cares
It means if the IMF accepts the US treasury's petition it can essentially vaporize China's attempts to devalue it's currency, which means Trump's tariffs will hit the Chinese full force and businesses will trip over themselves pulling investment and production from Chinese markets. This will also trigger a sell-off of Yuan as inflation spikes. Basically, it creates an economic tsunami in Chinese markets, and unless China dumps its monetary reserves or sells off a lot of the debt it owns, their markets will crash with no survivors.
China will undoubtedly be forced to sell off the US debt it has purchased for less than it purchased it for, reducing US foreign debt obligation. Its pretty much a checkmate against their bullshit. Trump's administration just fucking rekt them (if the IMF agrees).
Exactly this. If the IMF agrees then Trump just laid down a royal flush on the chinese economy.
It all makes sense now.
Fucking glorious.
this after the 2008 crash which resulted in $7.7trillion in bailouts. bailouts which devalued our own money. A crash caused by corruption which still nobody has been prosecuted for. Blatant money manipulation to benefit the elite.
When Iran/Israel tensions are at peak levels.
Days after we pull out of the 1987 us/russia nuclear pact.
Am I missing something? Washington is pulling hard for ww3, No wonder its feeling like civil war is imminent. Happening I think yes.
its afraid
Literally the same hyperbole that they hyped up when the shooting happened in Las Vegas.
So it's fucking nothing.
death to jewnited state of america and their goyim cattle too
Rare island niggers are still niggers.
>China will undoubtedly be forced to sell off the US debt it has purchased for less than it purchased it for, reducing US foreign debt obligation
So our bond yields are going to shoot up? And this is a good thing?
Big think
The IMF would be stupid not to agree. China is destabilizing G10 markets and has been for years.
In order for Walmart to buy ChinkShit, they need Yuan. China devauled its currency so Walmart can now purchase twice as much Yuan than before. Since Walmart has more Yuan now, they can buy even more chinkshit. This is good for China(selling more exports) and bad for our own manufacturers.
For imports to China... lets say Wal-Ching-Chong-Mart wants to buy American beef. Since China has a weak Yaun now, they can't buy as much dollars as they did before. So with less dollars, they buy less American Beef.
Exchange rates are usually set by the market, but China practically has full control over setting the exchange rate with us. If the IMF labels them as a currency manipulator China's economy basically collapses and we start buying Chinkshit from Bangladesh.
China cannot win, Trump knows this, China knows this. Trump basically went all in, and China has fucking air...
dude we are so fucked, its basscially global depression and possible world currency change. Nwo could be fucking this upcoming year if global economic crisis strikes.
they don't own enough to have such an influence. the vast majority of US debt is owned by Americans.
Well then they aren’t selling it off for less than they bought it for
Even if they wanted to the fed would just print and buy to keep the interest rate at the set level
Nah, there won't be any pulling investment or production. It's important to realize that China isn't a country per se, it's today's global slave labor pit. You think you can just swap out Chinese slaves for spoiled western workers for the people running the global industrial racket? That's a hit they're not interested in at all. The debt also is not quite what it seems, and is more about moving assets and a justification for policy, it was not something that was ever meant to be repaid. All the grift the Chinese state has been doing with this stuff is just pennies the aristocrats of China pocket because they feel they can get away with it. So this is a bit less radical than you portray it as, but it's still a somewhat good thing for burgers (and other westerners as well) because what it really is is a bitchslap that says "don't get uppity, keep your slaves in line and remember who owns your pretend country."
So the IMF has to approve every nations currency creation? How does that not violate their soverignty?
This is why they stopped appointing IMF judges, too many of the new ones were foreign owned. There may be enough IMF votes to pull off an approval for a financial blockade of China. But if it does not get approved, Trump has indicated he`s willing to bypass the IMF and go rogue.
Sovereign bonds creditworthiness will shoot up essentially making US bonds more attractive. This is a positive impact on bond yields. It is indeed a good thing. It makes US debt even more attractive, allowing the US to spend more and gives the federal reserve more breathing room to mitigate inflation of USD.
Have you forgotten that they would have to convert it back into the Yuan they are devaluing?
It's a loss for them because they lose the intrinsic long term value, which is the entire point in foreign countries buying these bonds in the first place.
There isn't much sovereignty left anywhere. We're far into the global world by now and like you realize, institutions like the IMF (and several others) are actually calling the shots.
wew lad
thanks for your post
It makes other, poor countries more profitable to invest capital in, like Vietnam, India, Pakistan, etc. Yes, it will definitely result in some percentage of investment and production to evacuate the Chinese markets.
Dude, be realistic, this aspect of it is obviously just bluster and this is pretty obvious. Over the last 50 years or so basically the entire industrial base of the west and russia (which was fucking enormous) has been completely deconstructed and moved to China. You couldn't compensate 0.000001% of it with Vietnamese rice paddy farmers. Not gonna happen, not even a tiny dent. For good and bad everyone is locked into China as the industrial slave labor pit by now. The real question is about keeping the Chinese aristocracy in line because they've started being a bit uppity about things (and by uppity I mean trying to pocket more of their tiny percentage in all this, they're not a threat to anyone.)
How long until the IMF weighs in? Right away, as in this week or can they prolong a decision for months & months?
Anyone know the process in greater detail?
it's almost like you're too young to remember when all of our useless plastic shit was made in Vietnam and Malaysia.
Did I say Vietnam would absorb all of it? No. It would make many other countries attractive. It's not going to mean EVERY business moves out of China, but it will definitely mean a consequential amount will. Are you not considering the fact that this would be a long term impact? China would not be able to devalue the Yuan at all anymore. The shell game they've been playing comes to a screeching halt. Just watch the Shanghai Composite when it opens in 40 minutes.
>Print $4.7 trillion out of thin air for federal deficit spending
>Release formal statement labeling China as a currency manipulator
>dude, be realistic
Ok. What nation exist in Asia that has a population that rivals that of chinkland? Why doesn't the west use them instead?
>spoiler: we do
>I don't know what sovereign bonds are: The post
I'm genuinely confused, can you explain?
But I'm telling you, no one is even interested in moving shit out of China. It's perfect for it's current purpose. The question isn't about radically transforming the global order, it's about keeping the serfs in line.
I don't understand what you're trying to say.
Faggots that make “durr happening” threads about nothingburgers should be banned.
Go to bed junior you have school in the morning.
your'e fucking retarded, this is a big damn deal. I cant wait for your shithole to collapse.
>Over the last 50 years or so basically the entire industrial base of the west and russia (which was fucking enormous) has been completely deconstructed and moved to China.
Not true. This started in 2000 when Bill Clinton had the WTO give China "most favorable nation" status, on par with first-world nations, which drastically reduced trade barriers. If we did the same to other developing nations, we'd undercut China.
Post the instore prices.
You can't just print money out of thin air without directly raising inflation. So a country creates sovereign bonds and sells them to other countries, which are essentially debt obligations. The foreign countries purchase these bonds with the understanding that they will be able to sell them back in the future for profit, which is the source of 'national credit' essentially. If a country doesn't have a strong economy, their sovereign bonds are not as attractive, making it more difficult for them to print money without taking on inflation. If China has to sell US sovereign bonds on the cheap it boosts the US's credit to print more money without taking on inflation, or simply making the US dollar stronger.
India can do everything China does, and with less backtalk and bullshit.
China isn't in a unique position as the plastic shit manufacturer of the world. The entirety of southeast Asia is happy to fight for that market if given the chance.
You have to look at the bigger picture. Transforming a country of 1 billion stone age peasants into an industrial workforce is a much larger project than Bill Clinton signing some bullshit document. That's just the official rubberstamping. The chinks have been groomed for this role pretty much since their communist revolution.
India has a very different cultural heritage that makes it much less suitable for this role. It has never been a directly slave friendly culture, contrary to China who have always been.
retard just read the first paragraph and last sentence and make a wild guess like the rest of us do.
They can make as much crap as they want. It doesn't matter if no one is there to buy it.
Wow.
Bro pass some sauces on this, I'm out of the loop on this one
Yeah, I'm sure you'll stop buying your... fucking everything... any day now.
doesn't violate a country's sovereignty for a bunch of joos in brussles to say they don't want to export that country's shit anymore
Why buy it when there are cheaper options?
You make good points about regional workforces, but at the end of the day, the money talks and the bullshit walks. If you don't think the pajeets and others aren't chomping at the bit to throw up as many factories and warehouses as they can to export to the US you're crazy.
Haha checkd
getting paid 100 dollars a month or less to work 75 hours a week and you can't quit isn't that far from slavery dude
Civil war is precisely what those currently in power fear the most. In order to prevent losing power, any nation-state would easily begin WW3 rather than let their republic fall. The political tensions are really high as you all know, and if these faggot fucking incel white shooters don't stop shooting innocents, then that might be what accelerates the WW3, because we know what it's like when Whitey chimps out (Germany). We should be working to avoid this as much as possible.
WW3 will happen before any Civil War was kick-started. Perhaps this China thing is just a move in the historical chess match. Stop the killing. Motherfuckers know not what they do.
...
But that's my point. Even if they wanted to, they wouldn't be able to. Like I say, you need a huge societal transformation to create a billion people slave economy. These money and resources are already spent on making China into that. And for good reason, because China has no history of spiritual morality. They've always been a slave economy, the only thing that needed to change was the direct peasant education. Which is cheap compared to what you would have to do to make India into some equivalent of it.
You have no idea what you're talking about. This is not about your knick-knacks at the dollar store. It's about the entire global infrastructure. Everything industrially made at every level in your society is made in China by now.
It's relatively meaningless. Basically the Treasury has to meet with the IMF to come up with solutions. But the IMF doesn't actually have enough power to do anything.
>Monday’s action by Treasury is mostly symbolic, requiring the U.S. administration to consult with the International Monetary Fund to try to eliminate the unfair advantage the currency measures have given a country.
wsj.com
That thread is 100% wrong. If the US buys back it's sovereign bonds at reduced rate, its great for the US. This is a rare and very positive opportunity for the US. Brainlets shouldn't make threads if they have absolutely no clue what they are talking about.
This is sweet, I’m gunna be filthy rich thanks to you doomsayers, cant wait for you guys to make precious metals to skyrocket in demand
"if" the (((IMF))) agrees
Not exactly a good thing here, if we get all of our bonds back thats basically ensuring we end up like weimar. Hyper inflation will ensue badly if china sells all of our debt back.
The cost of goods increase would be marginal, less than the tariffs would cause. This means higher wages for the pajeets and lower prices for the US than paying for goods + tariff. I think you are overestimating the pride of pajeets my friend. 32% of Indians are below the poverty line, which is set internationally at US $1.25 daily, while more than 68% are earning a living at only $2.00 daily, as reported by the World Bank.
Yeah except the Chinese aren't going to stand by and watch their business deals they've been working on for years just evaporate.
No one will win from this in the long term.
I still think it's the right move, but god speed anons.
Meanwhile in other parts of the english commonwealth we have the Australian 20 cent piece containing more metal content and value than the USA quarter despite the irony that it is cheaper by nearly half when factoring in the present day exchange rate.
How much does a dollar cost when bankrolled by Egyptian slaves to the oil mujahid?
It's borrowed money.
So if you give me a loan of $20, and I end up only having to pay you back $18, how is this bad for me again? Not sure where you're getting this US inflation idea from, but you're ass-backwards.
who has the power to shred the US economy with T-Bills???
buy bitcoin