China beats trumpy into submission

   #1  

tinhead

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No 'new' tarriffs, as though he never opened his yap at all.
Previously imposed tariffs rescinded on 'some' items, apple stuff and kids toys anyone?

Says he doesn't want to fuck up Christmas for america, even though we don't pay the tariffs the Chinese do.:rotfl:
 
   #3  

CID

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Probably all just a ploy so Mexico will pay for the wall.

giphy.gif
 
   #5  
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tinhead

tinhead

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In order to express the Chinese governments' gratitude toward trumpy's retreat, they have, out of great respect, told the U.S. Navy to stay the fuk out of Hong Kong. Trumpy will comply.

"The Chinese Government denied requests for port visits to Hong Kong by the USS Green Bay and USS Lake Erie, which were scheduled to arrive in the next few weeks," Cmdr. Nate Christensen, the deputy spokesman for the US Navy's Pacific Fleet, told CNN in a statement on Tuesday.
 
   #6  

Austin_F

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I wonder what Putin has up his sleeve, since hes technically making trumps decisions.
 
   #7  

gobrian77

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You mean Trump made concessions in the face of China digging in and not letting themselves be bullied into agreeing to a bad deal, and showing they will hold out through the election and pull moves to damage the US economy (and Trump's reelection bid) the exact same way they did during W's first term when they got hit with steel and aluminum tariffs?

I'm shocked, and certainly never saw this coming...
 
   #8  

RobBase

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Tinhead, don't you hate it when the fuckin gooks do that shit?........bad enough they come over to this country and drive cars.
 
   #9  

luckystrike

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I was looking forward to a scorched earth China policy. We were winning.

Instead I find myself deeply disappointed in Trump, who has chosen to allow China to continue to rape the west in favor of his own re-election and crony capitalism. US stock markets sure are celebrating today.

I can't help but think Hong Kong is factoring into this. Should China lay down its oppressive jack booted thugs on the throats of the protestors, perhaps then it will be opportune to reinstate trade gamesmanship? I don't know beyond this ain't over yet.

This is also a missed opportunity for the Chinese. They had a chance to be viewed as a fair trade partner on the world stage and instead will continue as a collective of rip-off creeper artists.

Would love to see a 2nd Trump term where he would have nothing to lose in strong arming the Chinese pirate state.

Bring on 2020 I say :up:
 
   #11  

gobrian77

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It was obviously going to happen- China isn't Mexico, Canada, or the EU- they have the economic strength and resolve to hold out, and they knew Trump would have to give in (or at least pull back) as whatever pain was being inflicted on them wasn't worth the potential toll it would take on the US, and Trump can't afford the backlash during the election cycle.

Let's see if China starts buying US agricultural products again.
 
   #13  

gobrian77

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Making the choice between staying with an established supply line that's been in place for decades or going with an unproven new one and enduring the logistical difficulties and costs of making a move doesn't seem like a tough call.
 
   #14  

luckystrike

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The perils of putting all your eggs in one basket is a lesson the multinationals have learned in all of this

They've expertly moved supply chains before. They can do it again, and arguably moving from the continental USA to China should be far more daunting than from China to Vietnam (or any of the other eager Asian tigers lining up and open for business)

It can also be seen as an opportunity to further automation

Moving from the USA to China was mostly about people back in that day

This time around it could be mostly about moving machines, or to machines
 
   #15  

gobrian77

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I doubt anyone is going to move now unless they absolutely have to, especially in light of Trump's capitulation and the yuan being at its lowest level in years compared to the USD.

Let's see if (more importantly) China moves back to the US from the new supply lines they established, especially for agriculture.
 
   #16  
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China called Trump and said hey, we're about to kill some protestors and make others disappear, might wanna do something to ease the blow on the markets.

*2 min later*

Trump: No New Tariffs, Relax Others!
 
   #17  

luckystrike

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China called Trump and said hey, we're about to kill some protestors and make others disappear, might wanna do something to ease the blow on the markets.

*2 min later*

Trump: No New Tariffs, Relax Others!
Might not be as crazy as it first sounds...

Shits going down at HK airport right now

 
   #18  
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No 'new' tarriffs, as though he never opened his yap at all.
Previously imposed tariffs rescinded on 'some' items, apple stuff and kids toys anyone?

Says he doesn't want to fuck up Christmas for america, even though we don't pay the tariffs the Chinese do.:rotfl:
What everyone really wants to know is---Have you beaten your old, shriveled up meat into submission? :bigsmile:
 
   #19  

gobrian77

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This is kind of like Trump's 'Vietnam'- it's a battle against an enemy that won't give up, no matter how high their losses are, because they know that the losses they inflict will mean more to the other side, even if they're not proportional.

I always thought the best Trump could hope for was a 'Pyrrhic victory' that would end up hurting him politically.
 
   #20  
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tinhead

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The funny part now is watching The Big Lie get uncovered.
The trumpeted line is that China is dying, the U.S. is thriving economically.
China's growth has slowed to the worst in a generation, 6.8%.
Growth in the U.S. is touted as being at all time records, in reality it is less than 3%.
Here's the math science part the trumpanzees can't process ---

China GDP $14 trillion x rate of growth .068 = $9.52E8 annual growth
U.S. GDP $21 trillion x rate of growth .03 = $6.3E8 annual growth

As sure as oceans rising and mountains crumbling, the Chinese economy will surpass that of the U.S.
 
   #21  

whitepower

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And your communist snowflake greasy ass would finally be happy.
Good for you Tinko. Keep the communist dream alive. Maybe one day you'll live your dream.
 
   #22  
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tinhead

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You're living yours now, there in your parents basement. :biggrin1a:
See if there's a utube video for you 'math lesson'.
 
   #24  
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tinhead

tinhead

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Libya GDP growth is 17%

It will be bigger than both China the USA combined in no time at all :roll:
You're trying for a stint at being trumpy's National Mathematician, aren't you? :hunter:
Try .17 x $45,000,000,000 = a miniscule number that will never have libyans catching the chinese.
 
   #25  

luckystrike

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And your communist snowflake greasy ass would finally be happy.
Good for you Tinko. Keep the communist dream alive. Maybe one day you'll live your dream.
China would welcome him with open arms and use him as an example of American exceptionalism

Hong Kong would fall in line without a single shot fired
 
   #27  
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tinhead

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You've already proven you'll go along with the herd.
 
   #28  

luckystrike

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It’s telling that after a lifetime of working for the man the best you could do is finish out your life on fixed income

The concept of compound interest eluded you entirely
 
   #29  
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tinhead

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Go ahead, bring out the trumpymath lesson that shows $14 trillion growing at a 7% annual rate won't ever pass $21 trillion growing at 3%.
Is that in the chapter before or after the one that says growing the economy at 2% annually while increasing the national debt by 6% annually will result in unending prosperity?
 
   #30  

luckystrike

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Of course it will, as will Libya, a quip that is entirely lost on you

*if* they can sustain that pace

China will slow

It has to

The earth couldn’t sustain China GDP growth at 7%

The doubling time at 7% is a mere 10 years

Your math is poor so I will illustrate

In 10 years China will be $28T, in 20 years it will be $56T, in 30 years it will be $112T, and so on

Get the picture?

7% is sustainable only if it means theft from elsewhere, which can mean anything from extinction conflict, genocide and beyond
 
   #31  
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tinhead

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Vague guesses based on wild assumptions of what may happen in the future.
Let's just forget cold hard history, as when The Bush Depression shrank the U.S. economy two years straight while the Chinese grew theirs well up into double digits.

My calculations show the Chinese GDP will exceed Americas in 2027.
 
   #33  
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tinhead

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Don't trip over your lower lip.
You can do a make-up assignment: Tell us how Huawei came to be the world leader in 5G equipment and implementation. They couldn't steal it because it wasn't invented or implemented yet.
 
   #34  

luckystrike

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If they are a 5G world leader it's because of cost leadership, the same as they did with manufacturing

The internet was born in the 70's, then the web came along in the 90's, as did the open source software movement, at the same time when jobs were being shipped to China en masse

The web democratized western IP, and China ate at the trough like no other

We gave them unix, Android and Europe gave them Linux, as just a few examples. The rise of open source software was a goldmine for China, like English was for India

Without the democratization of IP via the web which continues unabated, the BRICs would still be the shit holes they were in the 80's (and some of them still are today)

I don't expect you to grasp any of that, much like compound interest, but at least I'm trying...
 
   #35  

whitepower

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Lol... Dude... Tinhead thinks a gourmet meal means a bucket of coleslaw so...

Personally i wouldn t piss on him if he was on fire
 
   #38  

Austin_F

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So china called putin to tell trump to back off?
 
   #41  

CID

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The funny part now is watching The Big Lie get uncovered.
The trumpeted line is that China is dying, the U.S. is thriving economically.
China's growth has slowed to the worst in a generation, 6.8%.
Growth in the U.S. is touted as being at all time records, in reality it is less than 3%.
Here's the math science part the trumpanzees can't process ---

China GDP $14 trillion x rate of growth .068 = $9.52E8 annual growth
U.S. GDP $21 trillion x rate of growth .03 = $6.3E8 annual growth

As sure as oceans rising and mountains crumbling, the Chinese economy will surpass that of the U.S.
The entire REASON china's GDP grew was because they copied Hong Kong's style of business to the mainland places like Shenzhen, Shanghai , etc.

Were it not for the Brits making the one china/ two systems deal, and the supposed "free trade" debacles of the last several decades from us ...China would be as dead as NK right now.

Now that the west has basically educated AND financed their growth and realize that they're becoming a powerhouse larger than the U.S.S.R EVER was... NOW it's a problem??
Trump recognizes that and is TRYING to address it and everybody else can only see to the end of their own noses.

The west continues to shoot itself in the foot at every chance possible,


Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zero
 
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   #42  

Z

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:D Poll: Farmers Support Tariffs On China :moon:

A survey conducted by Iowa State University has found that farmers in Iowa, Minnesota, and Illinois support President Trump’s tariffs against China. According to the study, nearly 60-percent of respondents in those states expressed support for the ongoing trade war, while 14-percent had neutral feelings on the matter.

This comes after Beijing announced earlier this month it would be suspending purchases of all U.S. agricultural farm products in response to the Trump administration’s recent round of tariffs targeting $300 billion in Chinese imports.

Although the heightened trade tensions between Washington and Beijing has resulted in a near $10 billion decrease in U.S. agricultural exports to China, domestic farm exports have continued to rise. This suggests other countries have started buying products that China has dropped.


https://www.oann.com/poll-farmers-support-tariffs-on-china/
 
   #43  

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Overall, we rate One America News Far right biased based on story selection that consistently favors the Right and Mixed for factual reporting due to promotion of conspiracies, lack of sourcing and a few failed fact checks.
 
   #44  

luckystrike

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For the most part, I don't understand how anybody in the west can be opposed to this trade war

The world order made sense 30 years ago. It was in the best interest of all of us to ease China into a market economy and absorb the unfair playing field afforded to them, avoiding the social risks of a 'shock & awe' transition

Fast forward to today, and they're still a totalitarian state and have abused the trade advantages granted them

The frog in boiling water analogy comes to my mind when I think of the west and with Trumps concessions we're right back in it

Trump may be been right to postpone until his next term, which if he wins then China should worry. The latest 17 year low in industrial output they just posted will be remembered fondly by them.
 
   #45  

CID

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exactly.

Most of us talked about this 20 years ago... RIGHT HERE. The time was coming when the cheap shit from china had to come to a halt and some serious pain would come. Then another decade goes by, we correct the market shift throw a bandage on with bailouts and fake money to shore up markets.... we ALL said it again THEN. --- THE bill is coming due!

Now here we are yet again. Another correction looming, near negative rates... and people are doing the same thing all over. :wacko3:

it's all like a tourist tea ceremony scam where we keep taking that $100 sip and the bill gets bigger and bigger
 
   #46  

Terry_Schiavo

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good news... consumer mortgage debt is now north of 2008 numbahs. A suprising jump in HELOCs or refis make up 45% of new loan originations.
 
   #50  
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tinhead

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Don't you feel a sense of reassurance when you realize that your pension plan bought a few billion dollars worth of paper that's backed up by 23 year olds continuing to make payments on eight year loans to drive $80,000 lifestyle trucks?
 
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