Crazy! Trump fires back at Beijing with threat of new tariffs on $200 billion in Chinese goods!

[帅的一匹]

Trump should know there is no word called surrender in China's dictionary.

 

[帅的一匹]

Trolling ?? CN is falling like I predict, Mod should ban u instead for trying to hide incoming chaos of CN

CN is falling , all ppl here should know what will happen in the near future. 2023 CN chaos is so close

you should know that even a starved camel is bigger than a horse.

 

[Viva_Viet]

The REAL America: 21.5% Jobless, 10% Inflation, Negative Economic Growth

Just bcs US can not sell their weapon cos East Asia have No war now. SO, war in East Asia will help million US worker have jobs and US arm dealer can make billion of billion USD

 

[Adam WANG SHANGHAI MEGA]

Trump thinks China will give up on high-end technology innovations for the current low-value profits.
Trump is too naive.

However, I understand that， as the President of the United States, Trump seems to have no other choice but to please the American people (the American people are worried and dissatisfied with China's growing strength).

Trump cannot allow US military to attack China directly. Then attack the Chinese economy.Although in terms of 250 billion U.S. dollars, this amount is negligible for the 13 trillion U.S. dollar Chinese economy.

 

[帅的一匹]

Trump thinks China will give up on high-end technology innovations for the current low-value profits.
Trump is too naive.

However, I understand that， as the President of the United States, Trump seems to have no other choice but to please the American people (the American people are worried and dissatisfied with China's growing strength).

Trump cannot allow US military to attack China directly. Then attack the Chinese economy.Although in terms of 250 billion U.S. dollars, this amount is negligible for the 13 trillion U.S. dollar Chinese economy.

USA is getting weaker with President like Donald manic Trump.

 

[Mista]

I know this is evil and sardistic, I wouldn't mind seeing a trade war and see the real estate bubble pop around the world. I can finally buy a country house.

Isn't a country house relatively cheap in most part of the world's suburbs?

 

[gambit]

No offence to you Gambit, but you just proved my point. Despite the decline of manufacturing jobs, US has recovered from global financial crisis and still growing admirably. I think you should travel to China and see the scale of Chinese manufacturing(Shenzhen-Guanzhou corridor, Shanghai-Suzhou corridor, Tianjian/Beijing corridor? US still has hefty profitable heavy industrial/military capacity like Boeing, and ship building and I am not discounting that at all. But global consumer/light industry is a different beast. Profit is like 2-5% in manufacturing and only economical in massive scale. US has never produced "billions" of cell phones, microwaves, and electronics. More importantly, most of the parts are manufactured in East Asia. It's not profitable for Corporate America to rebuilt all that capacity and compete with China, Vietnam, Indonesia and other developing nations.

And I see another fool -- no offense to you -- whose predictions WILL go down in flames just like the others.

Before the election of The Orange One, people reading this forum must have been very impressed at the sagacity of the forum members. No precedents elsewhere in the electronic vastness of the Internet.

 

[帅的一匹]

Just bcs US can not sell their weapon cos East Asia have No war now. SO, war in East Asia will help million US worker have jobs and US arm dealer can make billion of billion USD

dont be key board warrior, send your son or daughter to battlefield in a war with China.

And I see another fool -- no offense to you -- whose predictions WILL go down in flames just like the others.

Before the election of The Orange One, people reading this forum must have been very impressed at the sagacity of the forum members. No precedents elsewhere in the electronic vastness of the Internet.

Donald trump is trying to isolate USA, and being subservient for Jews. cant you see it?

 

[saltyashell]

And I see another fool -- no offense to you -- whose predictions WILL go down in flames just like the others.

Before the election of The Orange One, people reading this forum must have been very impressed at the sagacity of the forum members. No precedents elsewhere in the electronic vastness of the Internet.

Haha.
I use this forum as a substitute for the background noise of a tv .....

 

[bolo]

That will be a silly move. So many countries want more foreign investments for jobs, capital inflow, tax, technology and know-how transfer, and you want to restrict investments?

US investments benefit China more than it benefits the US as these corporations doesn't depend on Chinese technology; they can easily shift their operations to other low cost countries. Not to mention the damage in investors' confidence from other countries.

It will be like the Vietnamese burning Chinese factories. Who actually loses more?

Easier said than done to move US companies somewhere else .China should start hurting US companies in China.

 

[Solomon2]

China could sold out 100-200B US bonds in one month just for fun.
China holds too many quality cards in hand !

Really? What do you think China is doing when it sells U.S. bonds? It is buying U.S. dollars!

 

[bolo]

Who holds breath to the end is the most significant question. The way US gov't manages the issue, it has evolved into something that backing away would make one look terrible.

But, aside from appearing not so nice, another question is that the US won't be stopping short of asking for concessions. So, retaliating hard in the very beginning is the rational choice.

It is Nash Equilibrium, in which both sides cheat and no reward. Still, one side will have to win by losing relatively less.

I do not think US fundamentals are as good as portrayed. Otherwise, I do not think the US would come put so strongly and almost irrationally.

They may be in fact the desperate side. And desperation would make one commit terrible acts. The US appears deeply desperate.

***

The REAL America: 21.5% Jobless, 10% Inflation, Negative Economic Growth

"We have all seen how prices for housing, food and health care have soared in recent years. After examining what has happened in your own life, do you believe that the official inflation rates of “2 percent” and “3 percent” that we have been given in recent years are anywhere near accurate?"

Michael Snyder

Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe. Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd.

As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible. Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet. Economist John Williams of shadowstats.com has been tracking what our key economic numbers would look like if honest numbers were being used for many years, and he has gained a sterling reputation for being accurate.

And according to him, it looks like the U.S. economy has been in a recession and/or depression for a very long time.

Let’s start by talking about unemployment. We are being told that the unemployment rate in the United States is currently “3.8 percent”, which would be the lowest that it has been “in nearly 50 years”.

To support this claim, the mainstream media endlessly runs articles declaring how wonderful everything is. For example, the following is from a recent New York Times article entitled “We Ran Out of Words to Describe How Good the Jobs Numbers Are”…

The real question in analyzing the May jobs numbers released Friday is whether there are enough synonyms for “good” in an online thesaurus to describe them adequately.

So, for example, “splendid” and “excellent” fit the bill. Those are the kinds of terms that are appropriate when the United States economy adds 223,000 jobs in a month, despite being nine years into an expansion, and when the unemployment rate falls to 3.8 percent, a new 18-year low.

Doesn’t that sound great?

It would be great, if the numbers that they were using were honest.

The truth, of course, is that the percentage of the population that is employed has barely budged since the depths of the last recession. According to John Williams, if honest numbers were being used the unemployment rate would actually be 21.5 percent today.

So what is the reason for the gaping disparity?

As I have explained repeatedly, the government has simply been moving people from the “officially unemployed” category to the “not in the labor force” category for many, many years.

If we use the government’s own numbers, there are nearly 102 million working age Americans that do not have a job right now. That is higher than it was at any point during the last recession.

We are being conned. I have a friend down in south Idaho that is a highly trained software engineer that has been out of work for two years.

If the unemployment rate is really “3.8 percent”, why can’t he find a decent job?

By the way, if you live in the Boise area and you know of an opening for a quality software engineer, please let me know and I will get the information to him.

Next, let’s talk about inflation.

According to Williams, the way inflation has been calculated in this country has been repeatedly changed over the decades…

Williams argues that U.S. statistical agencies overestimate GDP data by underestimating the inflation deflator they use in the calculation.

Manipulating the inflation rate, Williams argues in Public Comment on Inflation Measurement , also enables the US government to pay out pensioners less than they were promised, by fudging cost of living adjustments.

This manipulation has ironically taken place quite openly over decades, as successive Republican and Democratic administrations made “improvements” in the way they calculated the data.

If inflation was still calculated the way that it was in 1990, the inflation rate would be 6 percent today instead of about 3 percent.

And if inflation was still calculated the way that it was in 1980, the inflation rate would be about 10 percent today.

Doesn’t that “feel” more accurate to you? We have all seen how prices for housing, food and health care have soared in recent years. After examining what has happened in your own life, do you believe that the official inflation rates of “2 percent” and “3 percent” that we have been given in recent years are anywhere near accurate?

Because inflation is massively understated, that has a tremendous effect on our GDP numbers as well.

If accurate inflation numbers were being used, we would still be in a recession right now.

In fact, John Williams insists that we would still be in a recession that started back in 2004.

And without a doubt, a whole host of other more independent indicators point in that direction too. The following comes from an excellent piece by Peter Diekmeyer…

Williams’ findings, while controversial, corroborate a variety of other data points. Median wage gains have been stagnant for decades. The U.S. labour force participation rate remains at multi-decade lows. Even our own light-hearted Big Mac deflator suggests that the U.S. economy is in a depression.

Another clue is to evaluate the U.S. economy just as economists would a third world nation whose data they don’t trust. They do this by resorting to figures that are hard to fudge.

There, too, by a variety of measures—ranging from petroleum consumption to consumer goods production to the Cass Freight Index—the U.S. economy appears to have not grown much, if at all, since the turn of the millennium.

In the end, all that any of us really need to do is to just open our eyes and look at what is happening all around us. We are on pace for the worst year for retail store closings in American history, and this “retail apocalypse” is hitting rural areas harder than anywhere else…

This city’s Target store is gone.

So is Kmart, MC Sports, JCPenney, Vanity and soon Herberger’s, a department store.

“The mall is pretty sad,” says Amanda Cain, a teacher and mother. “Once Herberger’s closes, we’ll have no anchors.”

About two-thirds of Ottumwa’s Quincy Place Mall will be empty with Herberger’s loss.

Of course it isn’t just the U.S. economy that is troubled either.

We are living in the terminal phase of the greatest debt bubble in global history, many nations around the globe are already experiencing a very deep economic downturn, and our planet is literally in the process of dying.

So please don’t believe the hype.

Yes, we definitely hope that things will get better, but the truth is that things have not been “good” for the U.S. economy for a very, very long time.

Michael Snyder is a nationally syndicated writer, media personality and political activist. He is the author of four books including The Beginning Of The End and Living A Life That Really Matters.

Source: The Economic Collapse

Also the way the GFP is calculated makes a difference. Certain things are included in US GDP should not be included. In the UK they include the underground economy in their gdp calculation

 

[ckf]

And I see another fool -- no offense to you -- whose predictions WILL go down in flames just like the others.

Before the election of The Orange One, people reading this forum must have been very impressed at the sagacity of the forum members. No precedents elsewhere in the electronic vastness of the Internet.

Whatever, burning salty brownies are my favorite snack...

 

[gambit]

Whatever, burning salty brownies are my favorite snack...

Whatever? What is this, a schoolyard?

https://www.cnbc.com/2018/06/19/chi...eapons-to-use-in-a-trade-war-with-the-us.html

"China is going to run out of direct reprisals quickly should it look to match the U.S. in tariffs," LPL Research said in a note. "There is also broad agreement globally that China engages in a range of unfair trade practices, which provides some moral high ground for the U.S. to demand concessions."

We can be sure that LPL Research have a boardroom full of well educated and globally experienced 'experts' in economy and financial studies. Their 'experts' created a consensus that China cannot survive a tit-for-tat set piece battles trade war against US.

We look forward to the PDF 'sages', most of whom struggles to maintain their own credit cards, disproves LPL and put forth their own predictions on this potential trade conflict between the US and China. After all, those billions of cell phones must mean something, right?

 

[Wine&Steak]

No offence to you Gambit, but you just proved my point. Despite the decline of manufacturing jobs, US has recovered from global financial crisis and still growing admirably. I think you should travel to China and see the scale of Chinese manufacturing(Shenzhen-Guanzhou corridor, Shanghai-Suzhou corridor, Tianjian/Beijing corridor? US still has hefty profitable heavy industrial/military capacity like Boeing, and ship building and I am not discounting that at all. But global consumer/light industry is a different beast. Profit is like 2-5% in manufacturing and only economical in massive scale. US has never produced "billions" of cell phones, microwaves, and electronics. More importantly, most of the parts are manufactured in East Asia. It's not profitable for Corporate America to rebuilt all that capacity and compete with China, Vietnam, Indonesia and other developing nations.

AI/Machine learning can automate a lot of manufacturing in the future. China needs to be careful.