Donald Trump is mad as hell



kdr4t said:
Can someone explain this unfair 'manipulating currency' thing to me?

It seems China buys a large amount of US currency, to the point that their is so much demand for the USD that its actually priced higher - but they really are buying this US currency.

However we come to the marketplace with money that doesn't really exist yet, that we never created or earned, instead money we just created by writing it into the books as debt. And this is how the vast majority of our money is made, by creating it out of thin air as debt

YouTube - Money As Debt (1 of 5)
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In Layman's terms, manipulating currency is using government spending to purchase/sell foreign currencies make your own currency worth less. This makes it so overseas firms can buy your goods at extremely cheap prices to the point that foreign firms can't even compete against you inside their own country. In the short term this is essentially using your government's piggy bank to subsidize your goods and is a bad thing as it costs you money. However, in the long term it's good, because after a few decades of manipulating currencies you can drive overseas firms out of business because everyone's been buying your products all this time. Thus, your domestic industry grows while foreign business disappears. Then you can stop manipulating your currency and let market forces normalize to charge more for your goods.. because you're the only producer of them in the world!
 
BluAffiliate said:
In Layman's terms, manipulating currency is using government spending to purchase/sell foreign currencies make your own currency worth less. This makes it so overseas firms can buy your goods at extremely cheap prices to the point that foreign firms can't even compete against you inside their own country. In the short term this is essentially using your government's piggy bank to subsidize your goods and is a bad thing as it costs you money. However, in the long term it's good, because after a few decades of manipulating currencies you can drive overseas firms out of business because everyone's been buying your products all this time. Thus, your domestic industry grows while foreign business disappears. Then you can stop manipulating your currency and let market forces normalize to charge more for your goods.. because you're the only producer of them in the world!
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Thanks Blu...I feel like Trump should say "Negatively manipulating their currency" as it is true that all currencies are manipulated in some way.
 
samtb13 said:
Thanks Blu...I feel like Trump should say "Negatively manipulating their currency" as it is true that all currencies are manipulated in some way.
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Well, everyone "tries" to manipulate their currency but only China really gains an unfair advantage of doing it. For example, if America tries to do what China is doing (buying a ton of Yuan and driving down the price of the dollar) it would screw us over because we rely so much on imports. Since the Chinese are so poor they can't afford to buy imports, it doesn't really matter. Sure, their BMWs are going to cost $200,000 instead of $50,000 because of the exchange rate, but the people in charge are getting so rich it won't matter anyway. Essentially, only impoverished countries can benefit from currency manipulation, and China is squeezing all they can out of it. By keeping their currency relatively worthless they are oppressing almost all of their population. In a Democracy this won't go down but it's easy to do in a dictatorship because well.. it's a dictatorship!

If the USA could benefit somehow from it we would be doing it too.
 
stmadeveloper said:
(if china was an affiliate marketer)

They take your website, and clone it. They then put it on a .info domain, and use currency manipulation to run ads with your exact text for pennies to your dollars for clicks.

In a matter of days you are broke, and you get a job.

You get a job at the neighbors factory... at a fraction of the $.

You end up broke and need a loan.

They loan it to you, at the same time they steal the plans for the product your neighbor makes. They then sell clones of that product for a fraction of what the original is worth.

The factory goes out of business and you end up on unemployment because you can't find a job.

The government really can't afford to pay it to you, but you are damn glad you have it because at least you can buy pirated software and movies to entertain yourself with. It's o.k. China will loan the money to the government to pay your benefits with. Your kids can pay it off, if they can get a job after college since all those factories are closing.

As depression kicks in and you find you need some medication you head to walmart where you buy some tylenol and some chow for your dog with your last 10 bucks.

You both get sick from sub quality goods.

You die.

You get buried in a casket made in china. It's got toxins on the handles. Your kids are pall bearers and they at least get to appear on an episode of house to diagnose why they are all sick.

If they get better, they will start getting SSI since their father died. China will loan the government the money.

They use the money to go to college. Where they work hard, get a great degree, and have to go work for the Chinese since nothing is made in america anymore for longer than a year before Chinese companies ignore patents and start making it.

They eat something with toxins in it since there aren't EPA rules in china that can't get ignored for a bribe. The plane their bodies fly back to the U.S. in will be of course made in China by then. The door to the baggage compartment in the plane will be faulty.

Their casket will fall out of the plane and land on a deserted island, where they come back to life and have to battle good and evil until the plot is completely lost. There will be snakes of black smoke that make no damn sense.

You obviously hate children.
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