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China Uni-polar Globalism = Fake Media/money

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Big ole Boy

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I think the title pretty much sums up our situation in the world.

China is our biggest threat.

If the world tilts away from a uni-polar globalism then sound money can return to the people.

Multi-polar world is our only chance to regain sound money.

Trump needs to give huge tax breaks and bankrupt our current system.

Either we bankrupt our current system or we bankrupt ourselves.
 

Big ole Boy

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Why not just push the nuclear fire button and get it over with?

No, I am just saying I am seeing this connection between sound money and Russia; not so with China. (P.S. I have not been smoking or drinking for at least 10 days) - I did stay in a Holiday Inn Express last night though.

McConnell just stated that he is fearful that too big of tax breaks would drive up the deficit - He is warning Trump to tone down his tax break rhetoric.

We can not afford this fake government money media complex any longer.

If Russia power begins to rise and we have a multipolar world again ... then we should see silver prices rise.

China has thousands of years of worthless paper money cycles.

Who invented paper?

Answer: China
 

djd09

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Maybe i am not following along. But doesn't the u.s print their own money. And if we do print our own money, how is it we owe others?
 

Randolph Kinney

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We can not afford this fake government money media complex any longer.

Actually, the debt level can go as high as people who buy it. Even the FED buys Treasury debt when others won't or when they want to expand the monetary base.

Lets really test the world and the FED and see how high we can get the debt level. Japan is leading the race. They still buy our stuff and debt. The FED should go negative interest rates, crash the dollar, and then payoff all debt holders in new paper like Zimbabwe. We need a $10 trillion bill so that we can ask for change when we pay with the new currency.
 

Randolph Kinney

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Hired the right guy, did we?

That remains to be seen.

China Tells Trump “Nothing to Discuss” If US Drops “One China” Policy

Beijing Hits Back at Donald Trump Over Taiwan Stance

China has warned Donald Trump that the two countries will have “nothing to discuss” if his incoming administration discards the four-decade-old “One China” policy.

“Adherence to the One China policy is the political bedrock for development of [bilateral] relations,” Geng Shuang, a foreign ministry spokesman, said on Monday. “If compromised, there will be nothing to discuss on co-operation in major fields.”

Mr Geng was responding to comments that the president-elect made on Sunday in which he questioned whether his administration would continue to respect the One China policy and shun official contacts with Taiwan over which Beijing claims sovereignty.

Mr Trump’s remarks dramatically raised the stakes with China just a week after he broke diplomatic precedent by accepting a phone call from Taiwan’s leader, Tsai Ying-wen.

Earlier on Monday, a stinging editorial in the Global Times, an offshoot of the official People’s Daily, urged Mr Trump to “listen clearly, the One China policy cannot be traded”.

“China needs to wage resolute struggle against [Mr Trump],” it added, warning the president-elect that China “cannot be bullied easily”.

On Sunday, Mr Trump said he fully understood the One China policy, but was unconvinced by the logic. “I don’t know why we have to be bound by a One China policy unless we make a deal with China having to do with other things, including trade,” he told Fox News.

Dennis Wilder, a China expert who served in the CIA and was the top Asia adviser to George W Bush, said that China would be watching to see whether Mr Trump was serious or whether he had been unwittingly pushed into a corner by his pro-Taiwan advisers. He said that Beijing would be hoping that Mr Trump really had not been aware of the call.

“Look, we’re being hurt very badly by China with [currency] devaluation, with taxing us heavy at the borders when we don’t tax them, and building a massive fortress in the middle of the South China Sea,” Mr Trump said. “And frankly, they’re not helping us at all with North Korea.”
 

Randolph Kinney

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Global Trade War Baked in the Cake: Boeing Faces China’s Wrath

EU and US Rejected China’s Market Economy Status


China has launched a legal challenge against the EU and US over their reluctance to treat it as a “market economy” under World Trade Organisation rules.

Beijing is unhappy with a provision that allows trading partners to use a special formula and prices in third countries to calculate punitive tariffs for non-market economies in anti-dumping cases. It is pushing for the provision to expire with Sunday’s 15th anniversary of its WTO membership.

But the EU, US, Japan and other WTO members have resisted the move, prompting China on Monday to take the first step in launching a case with the global trade regulator.

In a statement, China’s commerce ministry said it had requested consultations with both the EU and US and would seek to have a WTO panel rule.

“China has communicated through many channels for the third-country comparison to expire. What’s very regrettable is that EU and US have not acted to allow it to expire. It has had a severe impact on Chinese exports,” it said. “China is protecting its lawful rights and acting appropriately to maintain the WTO rules.”

In the EU, fears of an onslaught of cheap Chinese goods prompted the European Commission to recommend a fundamental shift in how it conducts anti-dumping cases. Under EU rules, Brussels imposed a 21 per cent tariff on the same steel products that were hit with a 266 per cent US tariff in 2015.

In a sign of the commercial stakes, the US on Friday imposed punitive anti-dumping tariffs on Chinese-made washing machines, imports of which into the US were worth more than $1.1bn last year. It also announced the launch of an anti-dumping investigation into plywood imports from China, which were also worth more than $1bn last year.

Those US cases and the fight over Beijing’s market economy status point to the trade battles already being fought with China even as Donald Trump, the incoming president, promises to get tough with Beijing over trade and other issues.

“One of the most important relations we must improve . . . is our relationship with China,” Mr Trump said last week. “China is responsible for almost half of America’s trade deficit [and] they haven’t played by the rules.”

“They have acted like a non-market economy in so many respects with their state-owned companies, with subsidies, with dumping . . . there are more dumping cases brought against China than against all the other countries combined,” said Sandy Levin, the top Democrat on the House ways and means committee.

A US official said it would continue to fight any attempt to grant China market economy status at the WTO, pointing to “serious imbalances in China’s state-directed economy”.

“China has not made the reforms necessary to operate on market principles,” the official said. “The United States is prepared to defend its right at the WTO to protect American workers and firms from the damaging effects of persistent distortions in the Chinese economy.”

Boeing Faces Prospect of China’s Political Wrath Thanks to Trump
 

Big ole Boy

Elite Member
Joined
Dec 6, 2003
Professional Status
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Global Trade War Baked in the Cake: Boeing Faces China’s Wrath

EU and US Rejected China’s Market Economy Status


China has launched a legal challenge against the EU and US over their reluctance to treat it as a “market economy” under World Trade Organisation rules.

Beijing is unhappy with a provision that allows trading partners to use a special formula and prices in third countries to calculate punitive tariffs for non-market economies in anti-dumping cases. It is pushing for the provision to expire with Sunday’s 15th anniversary of its WTO membership.

But the EU, US, Japan and other WTO members have resisted the move, prompting China on Monday to take the first step in launching a case with the global trade regulator.

In a statement, China’s commerce ministry said it had requested consultations with both the EU and US and would seek to have a WTO panel rule.

“China has communicated through many channels for the third-country comparison to expire. What’s very regrettable is that EU and US have not acted to allow it to expire. It has had a severe impact on Chinese exports,” it said. “China is protecting its lawful rights and acting appropriately to maintain the WTO rules.”

In the EU, fears of an onslaught of cheap Chinese goods prompted the European Commission to recommend a fundamental shift in how it conducts anti-dumping cases. Under EU rules, Brussels imposed a 21 per cent tariff on the same steel products that were hit with a 266 per cent US tariff in 2015.

In a sign of the commercial stakes, the US on Friday imposed punitive anti-dumping tariffs on Chinese-made washing machines, imports of which into the US were worth more than $1.1bn last year. It also announced the launch of an anti-dumping investigation into plywood imports from China, which were also worth more than $1bn last year.

Those US cases and the fight over Beijing’s market economy status point to the trade battles already being fought with China even as Donald Trump, the incoming president, promises to get tough with Beijing over trade and other issues.

“One of the most important relations we must improve . . . is our relationship with China,” Mr Trump said last week. “China is responsible for almost half of America’s trade deficit [and] they haven’t played by the rules.”

“They have acted like a non-market economy in so many respects with their state-owned companies, with subsidies, with dumping . . . there are more dumping cases brought against China than against all the other countries combined,” said Sandy Levin, the top Democrat on the House ways and means committee.

A US official said it would continue to fight any attempt to grant China market economy status at the WTO, pointing to “serious imbalances in China’s state-directed economy”.

“China has not made the reforms necessary to operate on market principles,” the official said. “The United States is prepared to defend its right at the WTO to protect American workers and firms from the damaging effects of persistent distortions in the Chinese economy.”

Boeing Faces Prospect of China’s Political Wrath Thanks to Trump
The head of the snake is China, not Russia.
 

Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
Uh-oh, the Trump economic plans looks it might not clear the senate as the republican leader opposes it and the large deficit-debt increase.

Tax reform must be deficit neutral declares McConnell. One other small consideration is that for every quarter point interest rate increase with the exiting debt, interest payments go up $50 billion that adds to the debt.

What a mousetrap the republicans have gotten themselves into. Hello Chicken? Come home to roost.

https://www.bloomberg.com/politics/...rning-of-dangerous-debt-wants-tax-cut-offsets
 
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