Another Trump Win. China's currency in collapse.

Into the Night said:
The 'collapse' is concerning the CNY, or 'external' Yuan. It's down a bit more, but it's certainly no collapse.

China's economy is currently in depression. The value of the Yuan is not particularly related to that, other than the higher inflation that usually (but not always) accompanies such a depression. The government, since it owns the steel and concrete industries, is trying to build it's way out it's problems, instead of just printing money like we do. This is why you see grandiose building projects in China, including whole cities that no one lives in.

It won't work, of course.

Trump's tariffs only add to the problems in China, and are only in response to China's tariffs on US imports to China. China will lose this trade war. They don't have anywhere near the resources the U.S. does, and their people aren't spending money. Money velocity in China is almost nil. Their people are saving like mad for their retirement, because their government has no retirement program.
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Not really much different than both Partys here trying to gin up one real estate bubble after another, then telling people how wonderful it is $30,000 houses now sell for $500,000 or whatever and they should run out and borrow all they can against the 'equity' and spend it on crap. then when it bursts flood the bankruptcy courts and do it all over again 3 years later.
 
The only people using the Yuan are using them to buy stuff from China in its own currency, unlike the dollar, which is used in all kinds of international transactions between countries, not just in the U.S., so again, they arbitrarily set the value of the yuan at whatever they like, usually much higher than its real market worth. For most transactions China uses the U.S. dollar.
 
EdwinA said:
The only people using the Yuan are using them to buy stuff from China in its own currency, unlike the dollar, which is used in all kinds of international transactions between countries, not just in the U.S., so again, they arbitrarily set the value of the yuan at whatever they like, usually much higher than its real market worth. For most transactions China uses the U.S. dollar.
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Notably, both inbound and outbound payments in CNY now account for more than 50% of all non-banking cross-border payments,
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Yuan outpaces dollar for inbound and outbound China trade

Data from China’s State Administration of Foreign Exchange shows that the volume of inbound cross-border payments in CNY has outstripped those in USD.
www.fxcintel.com www.fxcintel.com
 
Truth Detector said:
Lie, lame and stupid. I wish you brainless dumbasses on the left would do a little research before you spam the forum with your ignorant stupidity.

On April 24, 1974 the Canadian dollar reached $1.0443 (US). This was the high point for the dollar from when it entered its most recent float period and would not trade at these levels again for another 30 years

The Canadian dollar rose through the latter part of the 1980s and early 1990s, and on November 4, 1991, reached 89.34 cents (US). This was the high point for the 1990s.

Through 2003 to 2006, the Canadian dollar started to appreciate sharply driven by a robust global economy that boosted prices of Canada’s commodity exports and pushed the Canadian dollar above 90 cents (US)

The Canadian dollar continued to trade near parity in the first half of 2008, but then started a decline that saw it drop below 80 cents (US).

After a strong bounce back, the Canadian dollar reached parity for the first time in 20 months in April 2010

At the height of the commodity boom, the Canadian dollar reached $1.06 (US) on July 21, 2011. It then experienced its fastest decline in modern-day history as commodity prices rapidly deteriorated
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In the end, it matters little. Fiat money is a race to the bottom. Who gets there first is really immaterial.
Hard assets hold their value during such transitions to new currency.
 
Trump could have come in....taken a 30-60-90 day look at our failed war in Ukraine, then said "This is not my war, this is idiotic, America is leaving".


That is not what he did.
 
Tbird19482 said:
You must still be living under a REALLY. REALLY BIG rock if you can't see what is happening.
Hundreds of Thousands of people have lost their jobs in the last couple of weeks , Heck Federal workers alone over a Hundred thousand people have lost their jobs in the last couple of weeks.
The market taking a dive.
Our economy and the WORLD economy on the verge of going into a DEEP recession / depression .
Prices of most EVERYTHING you buy going up . Heck even a case of bottled water has already gone up ( about a dollar and it is " made in America " . Just went to Walmart a couple of hours ago.
American Farmers already crying for another bailout.
A LOT of them thinking they may lose their farms .
Our GDP going down .
Heck even the value of our dollar is dropping.
BS you moron MAGAS have to get your head out of Trumps ass and see what the fuck he is doing.
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we will be revitalizing the entire American economy.

you're welcome.

:magagrin:
 
Hawkeye10 said:
LIAR.
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lol your own link confirms it. You probably don;t understand economics and trade, so you don't realize something major as well, namely this:


..."all non-banking cross-border payments, " What they do is buy Yuan from a bank, dumbass, and they denominate the purchase in U.S. Dollars. lol

In the US dollar terms, in December 2024, the amount of cross-border receipts and payments by non-banking sectors was USD 712.4 billion and USD 656.6 billion, respectively. During January to December 2024, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 7174.4 billion and USD 7102.5 billion, respectively.
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SAFE Releases Data on Foreign Exchange Settlement and Sales by Banks and Data on Foreign-related Receipts and Payments by Non-banking Sectors in December 2024_Data Interpretation_State Administration of Foreign Exchange

www.safe.gov.cn www.safe.gov.cn

Even their own govt. website points out how miniscule their worldwide non-bank cross border payments are comparatively. This is just with Red China's trade; the rest of the world's numbers dwarf theirs. You apparently think Red China is the entire global economy or something.
 
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