Another Trump Win. China's currency in collapse.

Hawkeye10 said:
It is not at all clear to me what Trump is up to, though my well curated grapevine tends to suspect that this will not end up good for us.
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You should sell off your stocks and move to Canada. Please? I'll help you pack.

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Hawkeye10 said:
Basically I think where we are is that the American Empire is in collapse due to many decades of bad ideas and poor performance, and Trump cant change that, it is way too late to reform enough to avoid this Hell that is here.
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That's not "thinking", that is "emoting." You do it a lot. Thinking, not so much. ;)
 
Guno צְבִי said:
You I leave no doubt that you are I am a low grade porch honky fritzy
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Yes, you are GuAno. But you keep selling yourself short halfwit. You are also a repugnant, low IQ, race hustling, worthless piece of human excrement and a moron.

You should do the world a favor and kill yourself. No one would care. No one would notice. The world's collective IQ would go up.

guAno
Noun
gua·no | \ ˈgwä-(ˌ)nō

: a fertilizer containing the accumulated excrement of seabirds or bats broadly : excrement especially of seabirds or bats
 
Truth Detector said:
You can today. It's way down now.
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Everything I watch is trending down, but not by a lot, mostly going slowly sideways; one is up, but still lower than my cost basis all day, so I may bite on that one anyway, it's a long term hold for me at decent dividends. May pick up some bargains at the morning open, hopefully. My small purse of play money goes to betting on penny stocks tomorrow. Higher percentage returns on those, but of course low volume, so nothing to brag about, just fooling around, mostly oil patch service companies with decent liquidity.
 
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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The border crossings at Detroit are usually jammed with Americans going shopping in Ontario; the lines at the exchange there were long back in the late 1990's. No way they won't cave in a trade war, and soon..
 
Hawkeye10 said:
It is not at all clear to me what Trump is up to, though my well curated grapevine tends to suspect that this will not end up good for us.

Basically I think where we are is that the American Empire is in collapse due to many decades of bad ideas and poor performance, and Trump cant change that, it is way too late to reform enough to avoid this Hell that is here.
Click to expand...

He's up to re-negotiatiing those lop-sided trade deals, where the U.S. gets royally ripped off while foreign countries get freebies and Federal subsidies, no big mystery to it. Our trade deficits are horrendous, and our tax based gutted, and can't be allowed to go on.
 
EdwinA said:
Everything I watch is trending down, but not by a lot, mostly going slowly sideways; one is up, but still lower than my cost basis all day, so I may bite on that one anyway, it's a long term hold for me at decent dividends. May pick up some bargains at the morning open, hopefully. My small purse of play money goes to betting on penny stocks tomorrow. Higher percentage returns on those, but of course low volume, so nothing to brag about, just fooling around, mostly oil patch service companies with decent liquidity.
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Okay, two I'm watching just took a dump at close, so it's looking good for the open in the morning, unless some ass hats pump it up overnight; hopefully some shorts pile in and dump it 20% or more at the open; then i can do something else the rest of the day, or week for that matter.
 
Damocles said:
I don't see a collapse they've been at .14 of a dollar for a loooong time.
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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.
 
Damocles said:
I don't see a collapse they've been at .14 of a dollar for a loooong time.
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But their own valuations are worthless outside of China. They also lie about their GDP, have for three decades now. Like most such regimes, they will soon have to go to war to keep themselves in power domestically, same as Putin and the Ayatollahs..
 
EdwinA said:
But their own valuations are worthless outside of China. They also lie about their GDP, have for three decades now. Like most such regimes, they will soon have to go to war to keep themselves in power domestically, same as Putin and the Ayatollahs..
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That isn't based on their valuations, it is the exchange rate. They back their money with the US dollar so it is a simple calculation as to how much to print and keep in circulation in order to maintain the value.
 
EdwinA said:
He's up to re-negotiatiing those lop-sided trade deals, where the U.S. gets royally ripped off while foreign countries get freebies and Federal subsidies, no big mystery to it. Our trade deficits are horrendous, and our tax based gutted, and can't be allowed to go on.
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It took America 40 years to deindustrialize on purpose....it would be one thing to decide that we were wrong....it is another to blame the rest of the world for ripping us off when they have been doing exactly what we wanted functioning in the global economic system that we designed.
 
Hawkeye10 said:
It took America 40 years to deindustrialize on purpose....it would be one thing to decide that we were wrong....it is another to blame the rest of the world for ripping us off when they have been doing exactly what we wanted functioning in the global economic system that we designed.
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So you hope we keep doing it. Okay, we expect that from Russians and other fans of gangster regimes.
 
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