by Saz » Tue Aug 06, 2019 4:37 pm
LMAO. I said this back in 2015. Now pay attention nerds, more f**k TRUTH coming your way:
1. TPP is a side issue. The fact is none of our trade agreements have done anything to check china. Lowering tariffs on shoes from Vietnam by 5% would not do a god damn thing to the Chinese economy. The TPP's real meat and potatoes was a trade deal with Japan. Something we don't particularly need and a country that is never going to fall into china's orbit anyway. Trump had to withdraw from the TPP, builds him the sort of credibility with rednecks that will allow him to sustain a continued trade war with China (which will hurt said rednecks in short term). TPP is a NON ISSUE, some ezra f**k klein bullshit people say to sound smart/reasonable but which is irrelevant.
2. Lmao at trump casually slapping currency manipulator label on CCP. Remember when Obama thought about doing this, hemming and hawing and bloomerg article week after week about Obama considering doing it? Trump just f**k does it, decides to do it at breakfast and its done by lunch. There is something to be said for someone who doesn't wring their hands and over think everything.
3. China is a very tough spot re currency. Yes they broke 7, but really it wasnt a significant swing in CNY, more psychological. The thing is currency would probably collapse absent PBOC intervention. They manipulate it up not down. Sure it helps their export but goodbye FDI and hello cap flight. Much is made of chinas ability to pull more levels, particularly re currency, but they don't have as much room to maneuver as suspected. CNY at 10 would decimate their economy even if it props up exports.
4. Hong kongers doing GODS f**k WORK. Laying into china right when its weakest. Remember, the CCP is NOT CHINA. Chinese are free in HK. They are free in Taiwan. CCP no china, its just the governing party in china.
5. Trump is GOAT!! Guy has great instincts, hate him all you want but i would trust his gut as if it were fact. There really is something to the notion that the Chinese have been pulling a fast one on a bunch of pasty dorks, and now they are negotiating against a legit GANGSTER who plays by as many rules as they do. NONE!!
DON'T BE A TOUGH GUY. DON'T BE A FOOL! I WILL CALL YOU LATER.
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