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China Dumping the dollar

Posted on 9/29/22 at 4:28 pm
Posted by MizzouBS
Missouri
Member since Dec 2014
5841 posts
Posted on 9/29/22 at 4:28 pm
Does It help or hurt the US dollar?
Does it hurt the stock market?
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41137 posts
Posted on 9/29/22 at 4:37 pm to
quote:

hurt the US dollar


quote:

hurt the stock market
Posted by PUB
New Orleans
Member since Sep 2017
18232 posts
Posted on 9/29/22 at 4:48 pm to
US $ going through the roof and nobody can do anything to stop it.
As China and Russia dump it all, the Fed immediately buys it all while the rest of the world converts all of their currency to US$
This post was edited on 9/29/22 at 4:50 pm
Posted by Shepherd88
Member since Dec 2013
4587 posts
Posted on 9/29/22 at 5:11 pm to
Hurts their economy more than anything.
Posted by castorinho
13623 posts
Member since Nov 2010
82031 posts
Posted on 9/29/22 at 5:24 pm to
Bold Strategy
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
3792 posts
Posted on 9/29/22 at 5:26 pm to
China has more problems and they are adding to it by dumping $ now
Posted by el Gaucho
He/They
Member since Dec 2010
53007 posts
Posted on 9/29/22 at 5:33 pm to
Idk I feel like chinas gotta be better than here. No woke bs, no Brandon, the chicks aren’t fat
Posted by Lone Wolf McQuade
Member since Sep 2022
207 posts
Posted on 9/29/22 at 6:12 pm to
Dump the petro dollar for something that is actually backed by a commodity?

The horror.
Posted by armsdealer
Member since Feb 2016
11506 posts
Posted on 9/29/22 at 6:26 pm to
A strong dollar will help with imports but if it gets too strong it will just crush the world economy. Nobody knows what too strong is.
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
7467 posts
Posted on 9/29/22 at 6:31 pm to
What are they buying with the dollars they are dumping
Posted by Dirtyboro
Member since Jul 2014
717 posts
Posted on 9/29/22 at 6:48 pm to
quote:

Idk I feel like chinas gotta be better than here. No woke bs, no Brandon, the chicks aren’t fat


If you don’t mind the govt telling you when and what you’ll worship, and the occasional rush of ethnic cleansing
Posted by lowspark12
nashville, tn
Member since Aug 2009
22370 posts
Posted on 9/29/22 at 7:30 pm to
quote:

What are they buying with the dollars they are dumping


They’re buying Yuan to prop it up.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 9/29/22 at 9:02 pm to
They are in full blown crisis

The PBOC just trying to prevent currency apocot
Posted by Jag_Warrior
Virginia
Member since May 2015
4103 posts
Posted on 9/29/22 at 9:52 pm to
quote:

If you don’t mind the govt telling you when and what you’ll worship, and the occasional rush of ethnic cleansing


They’d have him in a re-education camp by now. Not that that would be a bad thing.
Posted by Klondikekajun
Member since Jun 2020
1284 posts
Posted on 9/30/22 at 2:32 am to
quote:

If you don’t mind the govt telling you when and what you’ll worship, and the occasional rush of ethnic cleansing


Sounds a lot like the current administration if you think about it...??
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 9/30/22 at 6:52 am to
quote:

China has more problems and they are adding to it by dumping $ now
China has been around basically since man crawled out of the sludge, and they couldn't care less about human suffering. My guess is that they survive, even if many are living in grass huts again for the next 100 years. A century is a second when it comes to Chinese history. They invented the long game.

Call me bubble-boy, but I'm preparing for a multipolar currency world before I come to my reward. USD hegemony is going to end at some point, I suppose I predict that will happen in my lifetime.
Posted by el Gaucho
He/They
Member since Dec 2010
53007 posts
Posted on 9/30/22 at 6:57 am to
quote:

If you don’t mind the govt telling you when and what you’ll worship,

Yeah man

The government and the cia controlled “entertainment industry” doesnt force 400 lb hambeasts playing the founding fathers instruments on us
quote:

the occasional rush of ethnic cleansing

Assuming you’re the usual money board demographic, you’re being cleansed right now
This post was edited on 9/30/22 at 6:59 am
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71116 posts
Posted on 9/30/22 at 12:34 pm to
Weakens the dollar, which helps exports and hurts imports.

Stonks react depending on which of those factors affect the company more.

Doesn't make sense for China. If they're dumping dollars below value, investors will jump on the deal and the dollar will return to equilibrium.
Posted by mule74
Watersound Beach
Member since Nov 2004
11301 posts
Posted on 10/3/22 at 7:29 am to
Do you have an article for this? China cannot “dump” the dollar. They need it to settle accounts around the world.
Posted by FinleyStreet
Member since Aug 2011
7901 posts
Posted on 10/3/22 at 8:12 am to
quote:

China cannot “dump” the dollar.


Right, I don't even know what "dumping the dollar" means in this context. Sounds like something you'd read on a Facebook status update.
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