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paxamericana

China surrendering

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On 9/30/2018 at 2:04 AM, paxamericana said:

Not likely as they would see production of consumer goods move outside of china. Say to india ...

What happens when China’s domestic market is big enough to absorb its own production?  It won’t phase them to dump US debt once they develop a strong domestic market. 

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On 10/1/2018 at 8:06 PM, Zeitgeist said:

What happens when China’s domestic market is big enough to absorb its own production?  It won’t phase them to dump US debt once they develop a strong domestic market. 

Fact is it isn't. Though subject to change, their current policy of currency devaluation and import tariff reduces the consumer purchasing power thus reducing consumption. 

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1 hour ago, paxamericana said:

Fact is it isn't. Though subject to change, their current policy of currency devaluation and import tariff reduces the consumer purchasing power thus reducing consumption. 

The US dollar had lost a lot value over the past 40 years. The endless printing of money from the non-government private entity called The Federal Reserve tied in with zero interest rate. Meaning the nation has borrowed so much money it means the USA will ever get out of dept.

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Canada surrendered first. 

Quote

But Canada failed to conclude a deal to get steel and aluminium tariffs lifted....

Canada will give U.S. farmers access to the Canadian dairy market greater than the 3.2 per cent granted to 10 other countries under the Trans-Pacific Partnership. 

Actually, it is meaningless to get any agreement with US.
US can break its promise any time and ask for more whenever it feels like just like the NAFTA when has now already become history.
Just like it break the Bretton Woods system and deny to pay gold.

And other countries have no choice but surrender, and laugh at China.

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On 10/3/2018 at 10:44 AM, GostHacked said:

The US dollar had lost a lot value over the past 40 years. The endless printing of money from the non-government private entity called The Federal Reserve tied in with zero interest rate. Meaning the nation has borrowed so much money it means the USA will ever get out of dept.

BUT: the inflationary pressures that SHOULD have resulted failed to materialize.  As long as the Greenback enjoys de facto hegemony, real central banks with US balance of payments and many financial instruments designated in USD, they have to jump in and prop it up every time it SHOULD slide, or it wipes them out, too.

The thing about the Fed, it is is the only place on the planet where the member banks OWN the central bank lock, stock and barrel and can simply print money (increase the money supply) to cover their gains in speculative and purely synthetic transactions (derivatives, for example) and pass the bill on to the US taxpayer - and get paid for doing so on top of it all.

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6 minutes ago, cannuck said:

BUT: the inflationary pressures that SHOULD have resulted failed to materialize.  As long as the Greenback enjoys de facto hegemony, real central banks with US balance of payments and many financial instruments designated in USD, they have to jump in and prop it up every time it SHOULD slide, or it wipes them out, too.

The thing about the Fed, it is is the only place on the planet where the member banks OWN the central bank lock, stock and barrel and can simply print money (increase the money supply) to cover their gains in speculative and purely synthetic transactions (derivatives, for example) and pass the bill on to the US taxpayer - and get paid for doing so on top of it all.

The Petro dollar is loosing ground around the world. This is why Hussein and Qaddafi were taken out. Also it is how BRICS came about. The Petro dollar is dying and the USA will die with it. 

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4 minutes ago, GostHacked said:

The Petro dollar is loosing ground around the world. This is why Hussein and Qaddafi were taken out. Also it is how BRICS came about. The Petro dollar is dying and the USA will die with it. 

There is some truth to that, but until you see a currency of the BRICS that dominates banking and trade settlements worldwide, you won't see the Greenback fade away.  The Euro was headed there,  but somehow when the same people who essentially own the FED lent to the PIIGS, it seems to have crashed out of contention.   Gee, wonder how that happened?

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