China started a trade war decades ago, when they began intentionally devaluing their currency to attract foreign investment in manufacturing.
The rich in the west realized how much that war was going to cost them and capitulated instantly, used their monopoly control over the mainstream western press to conceal their capitulation from the common class, and called it globalism.
Finally, we have someone willing to force the rich in the west to fight back. But they still have monopoly control over the press.
You will lose. Read abouth the bush trade war in 2001. Simple as that
Isaac Lopez
>when they began intentionally devaluing their currency to attract foreign investment in manufacturing.
Why do u fucking retards have such a hard time understanding that corporations (that u worship, serve and obey btw) closed down American factories and shipped jobs overseas BECAUSE OF CHEAP CHINESE LABOR
Ian Stewart
>implying everything written about Bush's trade war was written from a consensus of unified opposition.
Isaac Jones
Good. Bush or even Clinton should have done this. Temporary pain for hegemony is well worth it.
Isaac Morales
That's literally what I said.
The Chinese intentionally devalued their currency to make their labor market cheap. It was the act of devaluing their currency that started the trade war and the west capitulated instantly.
They didn't even put up a fight. The fight would cost them too much and the only causalities of not fighting back was the American middle class, to which no one of the western front in this war was a member.
Gavin Baker
>hegemony I know Trump idolizes Putin, Jinping, Chavez, etc. but you've got to understand how retarded you sound, don't you? You don't win by shitting all over everybody, you win by being better than them. It's something Trump literally cannot understand.
Dylan Powell
They are already losing, unless they can make sure the tariff FOR SURE stays for a decade or so. If not the steel companies will not use this to expand their output but to sell for a higher place, because investing in your facilities doesn't make sense since it takes at least a year to build them or pay off the investment.
Cameron Richardson
Also, fucking checked.
Levi Lee
>place price
Matthew Brooks
Their labor market was already cheap u fucking moron. Had nothing to do with the Yuan. They were working for 10 cents USD an hour in the 90s. Now it's what $2/hour?
Aaron Ward
I can't fix stupid.
Mason Rodriguez
>n-no ur gya
Parker Phillips
then kys
Kevin Clark
He's starting a trade war. I can't wait for the paltry gains of the tax cut to be wiped out by a recession. You get what you asked for TRUMP fags.
Parker Bennett
He isn't starting a trade war. He's revoking a premature surrender.
Ryan Turner
Nothing like the smell of European desperation masked by arrogance
Grayson Morgan
You don't understand. A world were China is as economically powerful as the US is a world where your children always have a gun to their head. China s an economic peer guarantees China as a military peer. There is no fantasy land were we are all happy economic partners.
Luke Wood
>Their labor market was already cheap u fucking moron. Had nothing to do with the Yuan. They were working for 10 cents USD an hour in the 90s. Now it's what $2/hour?
Yes, dipshit, but considering their output and the consequent demand for yuan-based instruments the Renminbi should have tended towards par with the major destinations of their imports.
Juan Cox
Ok but what gets me is why can't u people see that it's so called "American" corporations that are building up China and closing down in America. Corporations have no allegiance to nations. These are the same corporations that u people get on your knees for everyday
Adrian Jackson
you post like a 12 year old
Caleb Perry
>China started a trade war decades ago Actually America was the one who issued economical bans against China after Tienanmen incident at 1989 . But I guess you already know that.
Lincoln White
We literally complain about Globalism (which is corporate driven) nonstop. The left is the side the stopped caring about corporate power because Target puts gays in commercials now.
Ryan Wright
lmao the Yuan would be nowhere near par 1:1 with the USD. you're literally just making that shit up
how do u retards not fucking understand that currency manipulation or not, Chinese work for way cheaper than Americans. You retards literally cannot comprehend this. How do u not know there are millions of people in fucking Vietnam, thailand, Cambodia willing to work for peanuts.
you're not understanding the actual issue
and btw the Yuan is strengthening against the USD and will continue to
>These are the same corporations that u people get on your knees for everyday
Right, so some patriotic corporation is supposed to take the blow of higher costs and yet remain competitive with its peers? People like you are how leftists manage to get elected.
Justin Williams
lmao u retards just gave these very same corporations trillions in tax cuts basically rewarding them for building up China
Anthony Jackson
See what I mean. It's so easy to expose u corporate shills. Corporate profits are at record highs. $7 trillion a year in profits. How the fuck are they not competitive?
You fucking normie we hate mainstream Republicans here.
Cooper James
>corporations aren't competitive
>then why are we making billions off them in dividends
Michael Johnson
trump signed the bill
u suck that corporate cock like the good little boys you are
Carter James
Ok that is bad. The other sides plan is to just invite china over here so they can take our country too not just our money. Both suck, tarriffs better plan, still not perfect but better.
Cooper Rogers
>corporations aren't competitive
Isaiah Green
OMG Trump isn't perfect!!! Shit quick tell everyone... We should just give up and push communism now right?
Nolan Mitchell
Fucking normie get out.
Christian Hughes
>we
Aaron Carter
I'm not even knocking the tariffs. I'm curious to see what will happen but chances are Trump will cuck out
I'm just saying right wing retards don't understand the concept of overseas cheap labor
when all the corporations were shilling for these huge tax cuts, all these right wing retards were saying that jobs went overseas because of China's corporate tax rate
it was the cheap labor
these people are retards
Justin Jackson
>Chavez
If you're going to make a strawman, at least make it somewhat intelligible. Shills aren't even trying anymore.
Carson Thompson
>lmao the Yuan would be nowhere near par 1:1 with the USD. you're literally just making that shit up
I didn't say it would be on par, rather that it would tend towards par.
How do you not understand that demand for currency denominated instruments determines in the long-run how "cheap" an exported good is? Fixing Chinese wages at x, the exchange rate of say dollars vs yuan determines just how cheap x is relative to a firm's cost.
Chase Perry
His actually doing anything is pure political optics, as it has been when we had any other supposed protectionism. Trump whether you choose to believe is one of them. That people are gullible enough to buy all of the BS being shoveled is astounding. Because it never actually happened. It was a pure political game for brownie points to the electorate that put him in. His whole family are New World Orderists. They like the rest of the DC class are not Americans, but Internationalists, and have been for a longtime. This is why l push for third parties getting into the Congress to change it.
Andrew Nguyen
>See what I mean. It's so easy to expose u corporate shills. Corporate profits are at record highs.
Stupid, stupid leafs. Less profits mean a less talented workforce, and a lower valuation hence higher borrowing costs. Are you really that ignorant?
Landon Rivera
neither Chinese wages nor Chinese currency are fixed at x
the Yuan is getting stronger, the USD is getting weaker
the Chinese still work for way cheaper than Americans. that's what happens when u have a country of 1.3 billion people and half of them still live in poverty
it amazes me that u retards have such a hard time understanding this
Oliver Davis
>how do u retards not fucking understand that currency manipulation or not, Chinese work for way cheaper than American
Do you not understand that when a nation is a huge exporter receives payment in another country's currency it is going to convert much of that back to it's own currency raising the relative price of its currency relative to other currencies while simultaneously cheapening the currency it was paid in?!!!
Angel Myers
lmao $7 trillion in corporate profits and how is that American workforce doing?
u retarded corporate shills are so deluded that u don't even know that corporations are obsessed with laying off American workers, shipping jobs overseas, automating, all to boost profits
you're literally a paid corporate shill u need to fuck off
>it amazes me that u retards have such a hard time understanding this
Do you have no idea what "over the long-run" means?
Evan Reed
>China started a trade war Nobody started a trade war, the whole fucking thing is bursting at the seams in EVERY country.
Connor Reyes
>Do you not understand that when a nation is a huge exporter receives payment in another country's currency it is going to convert much of that back to it's own currency
holy shit you're so fucking mentally handicapped, u don't know that Chinese use USD and buy US Treasurys? you just exposed yourself as a retard
wtf is wrong with u?
YOU DIDN'T KNOW THAT CHINA USES USD AND BUYS UP US GOVERNMENT DEBT?
>u retarded corporate shills are so deluded that u don't even know that corporations are obsessed with laying off American workers, shipping jobs overseas, automating, all to boost profits
Yes, everyone understands that corporations are not in the charity business. Your point?
Jackson Rivera
do u have no idea that the Yuan is in fact strengtehning against the USD?
it's like you're mentally handicapped, you can't handle new information, and you're sticking to old talking points that u read on a blog in 2012
Lincoln Morgan
Not just labor, there were many other reasons, such as tax, balance sheet issues, an overpriced property market in the US up to 2006/7, etc.
Nicholas Smith
>one of them >muh third parties
Reminder that paul cultists get the bullet
Leo Robinson
But most corporations are largely "publicly owned"
Adrian Hughes
He did not say that they're fixed, do you even math?
Gavin Anderson
top 1% own like half the stock market
Adrian King
>holy shit you're so fucking mentally handicapped, u don't know that Chinese use USD and buy US Treasurys?
How could you seriously be this stupid? Yes, buying another country's currency increases the aggregated demand for that currency and hence raises the exchange rate. So China contributing to a comparatively strong dollar repudiates me? Haha, you just cited another example of my point and thought you refuted me. Seriously don't even bother talking economics!
Carson Barnes
>user explains why you're a retarded leaf >continue being a retarded leaf anyway
Aiden Reed
>do u have no idea that the Yuan is in fact strengtehning against the USD?
Do you have any idea what capital controls are and how they strengthen one's currency and why China instituted obsessive capital controls?
Ryder Baker
Checked
Ian Johnson
You're a full blown retard talking in circles, trying to make yourself sound smart.
you're spouting old blog posts from 2011-2012. u have no actual clue as to what you're talking about
First of all, every country "manipulates" their currency in one way or another.
Secondly, China's Yuan has been strengthening against the USD. You continue to ignore this because again, all your information is outdated from 2011 and u can't handle new information. You don't actually know what you're talking about. You're just regurgiating old talking points.
Thirdly, and most importantly, currency manipluation or not, jobs went to China because of CHEAP LABOR u fucking retard. You could pay them in USD directly if u wanted and they would work for $3/hour. You're too fucking retarded to grasp this.
Fair enough, but even American's would rather buy cheap than goods made in their own country. Pure case of capitalism gone wrong and when China becomes #1 you can thank your own personal and business values that made it happen.
Luis Hall
You already put tarrifs on chinks.
You're starting a trade war with Canada and the EU
Carter James
AHAHAHAHAHHAA that would strengthen their currency u retard
u were supposed to be arguing that they are weakening their currency
retard u have no fucking clue what you're doing
China has capital controls to keep Yuan in their country instead of leaving and buying up $3 million shacks in vancouver. That makes their currency stronger u absolute fucking retard.
you're killing yourself
u have no clue what you're fucking doing
Bentley Baker
>Secondly, China's Yuan has been strengthening against the USD. You continue to ignore this because again, all your information is outdated from 2011 and u can't handle new information. You don't actually know what you're talking about. You're just regurgiating old talking points.
Actually, the yuan has remained relatively flat since China's entrance in WTO dickwad. You're describing short-run variations as if they were evidence against long-run currency manipulation. If the Renminbi we not manipulated then explain this:
>u were supposed to be arguing that they are weakening their currency
Do you have any understanding of the difference between a long-run equilibrium and short-run variations? How are you not embarrassed to even show your leafy ass in public?! So your claim is that if a country has a strategic reason to ever prop up its currency it cannot pursue a strategy of currency manipulation. How can anyone, anyone!, be so completely brainless. I am glad I do not have to live in your shithole country and be around completely worthless and brainless people like you.
Tyler Wilson
China's currency has strengthened 25% against the USD since 1999 and u can clearly see that China's currency has been more free floating in the last 10 years. Don't worry you're going to see the USD fall off a cliff in the next few years thanks to trump's massive deficits
u have absolutely 0 mental capability to understand what cheap labor is. you're literally mentally retarded.
all these countries, Bangladesh, Cambodia, Thailand, China, Philippines, Indonesia. Why do people work cheap there? You think it's because of currency manipulation? You're fucking retarded. It's because their people are dirt poor and will work for peanuts. That's my entire point and you're proving it. You're proving my point that you're too mentally retarded to even understand what cheap labor is
Nathaniel Hernandez
"u u u u u u" you post like a fucking illiterate teenager. go make some friends you fucking waste.
Easton Perry
lmao every time u get fucking destroyed and mangled, u ignore the point and jump to the next retarded vague generality where u say literally nothing
Why did u bring up Chinese capital controls when clearly keeping more Yuan in their country instead of it leaving and flowing into foreign real estate, would strengthen their currency not weaken it. You were supposed to be arguing that they are manipulating their currency downward not upward. You're arguing against yourself now
Josiah Morgan
Not a Paul cultist. But you stay comfy in your delusion that Trump is totally different. You people are as deluded as Bernieites. I am a Constitution Party member. The majority of you rubes cannot even think past two, and maybe three if it is the Libertardians.
Camden Sanchez
hey u
why do right wing retards think foreign cheap labor is a myth?
Matthew Gutierrez
>China's currency has strengthened 25% against the USD since 1999
China entered the WTO in 2001 fuckleaf.
Jayden Lee
That's more of a liability than you think user. Problem is, most of them don't really realise the problem with what they're doing.
Caleb Morales
>Finally, we have someone willing to force the rich in the west to fight back.
You want your kids to be working in manual intensive labor for minimum wage?
If it's not China, there's about a dozen other developing countries with a devalued currency that will take its place.
Nathan Bell
>lmao every time u get fucking destroyed and mangled, u ignore the point and jump to the next retarded vague generality where u say literally nothing
No, my point still stands. I am explaining short-run variations against long-run strategies. You talk about temporary increases I explain them to you. You ask about trends I explain them to you. And because somehow the explanation for the two tendencies are distinct--as they should be--my explanations are somehow ad hoc. Do not bother with economics buddy, it's a subject beyond your ken.
Caleb Sullivan
the agreement was signed in 1999 and you're just trying to get anal about a technicality because you're getting fucking destroyed
Matthew Butler
>That's more of a liability than you think user.
not when the elites have all the politicians and an entire army of useful idiot conservashits who serve their interests
Aiden Martinez
u continue to not say 1 word about cheap labor? why is that? what is this shill angle of yours?
all these countries, Bangladesh, Cambodia, Thailand, China, Philippines, Indonesia. Why do people work cheap there? You think it's because of currency manipulation? You're fucking retarded. It's because their people are dirt poor and will work for peanuts. That's my entire point and you're proving it. You're proving my point that you're too mentally retarded to even understand what cheap labor is
Jaxon Bennett
>why do right wing retards think foreign cheap labor is a myth?
It's not that it is a myth but that it is eventually offset by an expensive currency unless there is interference in markets like currency manip.
Evan Rivera
>u continue to not say 1 word about cheap labor? why is that? what is this shill angle of yours?
Because by cheap we are not simply referring to domestic purchasing power but relative to the currency that's used to pay workers in another country.
Mason Perez
Fuck it. Trade war now. You freemarket retards that think you are being right wing are neoliberalists and useful idiots for jewish globalism.
Gavin Turner
>You freemarket retards that think you are being right wing
Most of the kind of "free market" retards want free markets for us whereas the rest of the world can manipulate markets to maximize their benefits. There is truly something surrender-ish about modern american thinking.
Oliver Torres
> eventually offset
when u have billions of people in the 3rd world?
r u fucking retarded?
it'll never be offset. especially not with automation coming on stream.
jesus christ u people are retards
u can go on freelancer or upwork right now and hire flips for $3/hour USD
u just don't get it
currency manipulation or not, their wages will take decades if not centuries to catch up
you're a 1st year econ student are you? you reek of textbook theory from 100 years ago yet not ounce of current day economic reality
why do companies hire all these Indian programmers? BECAUSE THEY'RE CHEAP. u fucking moron
Jacob Williams
Well much of the manufacturing is moving to SE Asia for that cheaper labor, and India. They would move to Nigfrica but labor for food would be too much for the abysmal output they would get. That and their factories getting bombed every month wouldn't help.
Bentley Lopez
I will explain the Nuclear Cruise Missile Technology to America if America Saves Russians from Chinese Communism. (French technology)
Austin Evans
Why do Indians work for $4 USD per hour?
Charles Thomas
Explain what you mean decepticon
Elijah Kelly
>tax cut >reward tax cuts aren't rewards, it's financial incentive to vest. People go to china because it's less expensive to do business. Cutting taxes in America makes it less expensive and more rewarding to invest. Fucking kill yourself you retarded leaf
Bentley Gomez
this retard thinks wages in the 3rd world would be equivalent to the US if not for currency manipulation
he's so fucking retarded it's unreal
there are billions of poor people in the world willing to work for peanuts
it's stunning to me that people on here are so fucking retarded that they don't understand this
Henry Allen
never said it was a myth. it's essentially modern day slavery though. it would be better if less children were making $.10 a day making Nikes but that seems to be what you're defending.
Daniel Phillips
>currency manipulation or not, their wages will take decades if not centuries to catch up
Look, I am not trying to be hostile, I'm just getting a little frustrated at how hard this is for you to understand. We are not talking about the purchasing power of foreign workers. It's simply that in a free market the Renminbi would tend to with importing nations. This is no way means that the purchasing power of Chinese workers would go up. But that when Chinese companies receive dollars it would be more expensive for them to convert them back to yuan. So the Chinese worker without getting a nominal raise now is getting paid in a currency that is worth more dollars. Generally of course this would raise purchasing power as imports would become cheaper.
Mason Reyes
>People go to china because it's less expensive to do business.
because Chinese work for peanuts
lmao u fucking retards think it's not rewarding to invest in America?
then why are corporate profits $7 trillion a year and why are all these bilionaires making a fortune?
im saying that's why all these corporations go over there. because of cheap labor. right wing retards somehow don't get this
Luke Wood
>walmart makes $13 billion a year in profits. what was stopping them from paying higher wages?
The fact that there is an oversupply of people who would work at walmart for walmart wages. And you liberal fucks want to bring in more low-skilled immigrants. Blame yourselves!
Liam Hughes
Chinese wages have been going up for years u fucking moron. They're not fixed. They've been going up.
but guess what. theyr'e still way cheaper than US wages
and guess what else. when china gets too expensive, the elites go to Vietnam, or Nigeria, or Laos or Cambodia or any other 3rd world country.
it's not just China
u don't get that either
Nathaniel Reed
I never stated that in regards to currency manipulation which eve with it China too is losing out to cheaper countries Leaftard. I swear you people are so corpracucked it is pathetic.
Nolan Gomez
lmao trump expanded the H2b visa program
trump loves hiring foreign workers more than anyone
Gavin Thompson
Illuminati checked
Noah Collins
i wasn't saying u i was saying this guy I'm not corpracucked. Conservashits are.
These retards gave corporations trillions in tax cuts
Hudson Diaz
by elites i should say so called "American" corporations that conservashits bow down and obey
Isaiah Mitchell
Whatever he is doing it's very good for us because it will hurt the EU, a failing superstate that we are leaving in a few months, the timing couldn't have been better.
