Benghazi ain't a scandal.
The guy gives like hour long speeches, makes off-the-cuff sarcastic remarks equivalent to a few sentences and the most petty shyt from him dominates the news cycle because liberals are offended by everything. shyt is hilarious.
:SmugTrump:
Donald Trump hates babies
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Futuristic Eskimo
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Im glad you feel so comfortable with china having what basically amounts to an economic weapon that is far more formidable than their trading partners who have to rely on interest rates and quantitative easing.
Honestly i dont see what youre getting at Trump is right..they have devalued before and a terrible time for us ...most people dont know this...
hes trying to bring awareness but the media focus on nonsense
It is not any more formidable than other policy tools that developed central banks put into use (helicopter money?
). The gross effect of a devaluation is significant with regards to international competitiveness, but there are significant drawbacks with regards to capital flight and domestic purchasing power. On net, how can you say it is any more formidable than a QE program? With this historically bullshyt rate hiking cycle, the Fed was essentially able to force China's hand into further devaluation, given the peg.Obviously China has devalued their currency in the past. That isn't really the issue right now and, by far, the overwhelming majority of research that I have read in the past year or so has been of the opinion that the PBOC needs to devalue much more from current USDRMB levels. Its a reactive move to the Fed tightening cycle, not some kind of sinister plot to undercut all other major economies. If you haven't noticed, they refused to devalue as much as many people thought they should and blew threw hundreds of billions in FX reserves in the process.
The only nonsense he is bringing anyone awareness to is his own understanding of these issues.
scan·dal
ˈskandl/
noun
- an action or event regarded as morally or legally wrong and causing general public outrage.
"a bribery scandal involving one of his key supporters"
synonyms: (outrageous) wrongdoing, impropriety, misconduct, immoral behavior, unethical behavior,discreditable behavior, outrageous behavior; More
