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Posted on 8/5/19 at 10:07 pm to TeLeFaWx
I never said they should lol they are in desperate need of dollars. Y'all are some dumb frickers I sware it's hilarious to watch. I am 100% correct on this. The more it gets devalued the worse their debt problems get. They barely have any dollars left it won't stabilize lower than USD/CNY of $7 without "manipulation" so Trump is really going to get triggered lol
Posted on 8/5/19 at 10:08 pm to wutangfinancial
quote:Link?
They barely have any dollars left
Posted on 8/5/19 at 10:10 pm to Jjdoc
This gonna make things difficult for the banking investment world. What are the crypto's doing. Prolly gonna be great for them.
Posted on 8/5/19 at 10:14 pm to LSURussian
They reported $3 trillion in June. There's no way that isn't a complete B's number and with this situation in Hong Kong there will be a run on HKD and RMB. Those people want their assets out.
Posted on 8/5/19 at 10:19 pm to wutangfinancial
quote:How does assets leaving Hong Kong drain Chinese USD reserves?
with this situation in Hong Kong there will be a run on HKD and RMB. Those people want their assets out.
Posted on 8/5/19 at 10:29 pm to wutangfinancial
quote:"Want" and "will get" are very different concepts over there. Chinese money that "wants out" often finds its owner "disappeared".
Those people want their assets out.
This post was edited on 8/5/19 at 10:30 pm
Posted on 8/5/19 at 10:30 pm to wutangfinancial
quote:
I never said they should lol they are in desperate need of dollars. Y'all are some dumb frickers I sware it's hilarious to watch. I am 100% correct on this. The more it gets devalued the worse their debt problems get. They barely have any dollars left it won't stabilize lower than USD/CNY of $7 without "manipulation" so Trump is really going to get triggered lol
What? Trump is bragging about how them devaluing(or no longer propping it up however you want to label it) their currency is them paying for the tariffs. Which is true. Yet he wants to have it both ways. He will always spin things. He’s not triggered, he’s just playing the game. I swear you’re hard r retarded.
Posted on 8/5/19 at 10:48 pm to LSURussian
Posted on 8/5/19 at 11:02 pm to wutangfinancial
quote:The only thing that Forbes article and your comments have in common is the $3 trillion reserves figure China has and which you’ve already dismissed as not being true.
Here's a dated article referring to what I'm talking about.
You realize Hong Kong has its own currency separate from China’s yuan, right? It’s the Hong Kong dollar which is pegged to the US dollar. HK also has its own central bank, the Hong Kong Monetary Authority, which is not part of the People’s Bank of China.
So again, how will assets being moved out of Hong Kong affect China’s currency reserves as you claimed?
Posted on 8/5/19 at 11:05 pm to Jjdoc
Stop issuing student visas to the Chinese, recognize Taiwan as a sovereign nation, and add more tariffs — then watch as the Hong Kong riots deep into the mainland and spiral out of control. Keep in mind that the parents of the Only Child Generation are retiring, creating unsustainable pensions & healthcare.
Posted on 8/5/19 at 11:14 pm to wutangfinancial
quote:
This is retarded.
says
quote:
wutangfinancial
hmmmmmmmmmmmmmmm
Posted on 8/5/19 at 11:14 pm to LSURussian
The HKD is going to get hammered if there is military action. They wouldn't technically be independent at that point. So both currencies are at risk. If there currencies are at risk they are in the hook for the entire Chinese banking system that holds bad debt and that's significantly more than the reserves they hold right now. I feel like I'm talking past y'all.
Posted on 8/6/19 at 12:12 am to wutangfinancial
quote:You’re talking past yourself. The domestic Chinese debt that is denominated in yuan doesn’t need USD reserves. The PBOC can just print yuan to cover it. And most of the bank loans in China, by far, are made denominated in yuan, not USD.
I feel like I'm talking past y'all.
And your Forbes article even points out China has a monthly inflow of USD of over $400 billion.
China is in no danger of exhausting its hard currency reserves.
quote:Yeah, so?
The HKD is going to get hammered if there is military action.
quote:Why not? Hong Kong’s economy would suffer but the ChiComs would just see that as just punisment for HK’s insolence. Teach them a lesson type stuff.
They wouldn't technically be independent at that point.
Posted on 8/6/19 at 12:14 am to Jjdoc
I'm good.
Posted on 8/6/19 at 12:26 am to TeLeFaWx
quote:
They shouldn’t prop up or devalue their currency.
What do you think the Fed does?
Posted on 8/6/19 at 12:47 am to Jjdoc
Can someone explain how devaluing their currency would be beneficial to them and a detriment to their trade partners.I honestly can't rationalize this. Also do we not control the value of our dollar/inflation by controlling the supply with our national bank? Though I had thought that had less to do with trade and more to do with limiting national debt.
Posted on 8/6/19 at 5:16 am to TigahTeeth
lyin donnie has no idea what he is doing. he just wants to pump his base. donnie only cares about donnie getting votes. the rest of us are nothing to him—-including you.
Posted on 8/6/19 at 6:11 am to AlceeFortier
Strongest economy in US history.
Yeah dipshit, Trump is clueless.
Yeah dipshit, Trump is clueless.
Posted on 8/6/19 at 6:42 am to DallasTiger11
quote:
What do you think the Fed does?
Stuff I largely disagree with.
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