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The Establishments war on Donald Trump
See other The Establishments war on Donald Trump Articles

Title: How the worm turns
Source: [None]
URL Source: http://www.bbc.com/news/election-us-2016-36185012
Published: May 2, 2016
Author: paraclete
Post Date: 2016-05-02 09:45:31 by paraclete
Keywords: None
Views: 7788
Comments: 43

Republican presidential front-runner Donald Trump has accused China of "raping" the US, in renewed criticism of China's trade policy. He told a rally in Indiana that China was responsible for "the greatest theft in the history of the world". Mr Trump, a billionaire businessman, has long accused China of manipulating its currency to make its exports more competitive globally. This, he says, has badly damaged US businesses and workers. "We can't continue to allow China to rape our country, and that's what we're doing," he told the campaign rally on Sunday. "We're going to turn it around, and we have the cards, don't forget it," he added. "We have a lot of power with China." China's complex relationship with Trump Trump favours high tariffs on China exports Mr Trump, in his campaign manifesto, pledges to "cut a better deal with China that helps American businesses and workers compete". He sets out four goals that include immediately declaring China "a currency manipulator" and putting "an end to China's illegal export subsidies and lax labour and environmental standards". Latest figures from the US government show the trade deficit with China reached an all-time high of $365.7bn (£250.1bn) last year. By February this year, it had already reached $57bn. There was no immediate response from Beijing to Mr Trump's comments, but he is seen by many in China as an inspiration rather than an antagonist, says the BBC's Vincent Ni. It isn't funny when it happens to you but comedian Donald the Dump has accused China of doing what america has been doing to the rest of the world for years.

The man is mad, doesn't he understand foriegn policy even a little, including not showing your hand

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Poster Comment:

It isn't funny when it happens to you but comedian Donald the Dump has accused China of doing what america has been doing to the rest of the world for years. The man is mad, doesn't he understand foriegn policy even a little, including not showing your hand

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Begin Trace Mode for Comment # 37.

#1. To: paraclete (#0)

"has accused China of doing what america has been doing to the rest of the world for years."

How has America been raping the rest of the world for years?

misterwhite  posted on  2016-05-02   9:55:00 ET  Reply   Untrace   Trace   Private Reply  


#24. To: misterwhite (#1)

How has America been raping the rest of the world for years?

A defacto result of the USD being the world reserve currency.

It's made everyone want USD whien the US can simply print as much of it that's desired. Essentially it creates the same effect as a counterfeit operation, only it's legal. I.e. it allows unproductive part of the economy to extract goods and services from it without contributing anything in return. That's what the trade deficit actually reflects.

Makes for a great vacation, but with a severe consequence when USD's aren't wanted any more.

Pinguinite  posted on  2016-05-03   20:48:03 ET  Reply   Untrace   Trace   Private Reply  


#37. To: Pinguinite (#24)

"A defacto result of the USD being the world reserve currency."

Pffft! Other countries buy our debt because it's the highest interest and most secure instrument out there. The dollar is 60% of the world's currency for a reason.

Besides, no one says our currency has to be the standard. Iran now demands euros for it's oil, and Russia and China are calling for the same.

misterwhite  posted on  2016-05-04   9:24:07 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 37.

#38. To: misterwhite (#37)

Pffft! Other countries buy our debt because it's the highest interest and most secure instrument out there. The dollar is 60% of the world's currency for a reason.

It's widely accepted because it's the world reserve currency. And it's the world reserve currency because it's widely accepted. And the massive trade deficit that's been ongoing for generations will end it all.

Besides, no one says our currency has to be the standard. Iran now demands euros for it's oil, and Russia and China are calling for the same.

Yes they are. And that's bad news for the USD. Very bad, but inevitable.

Pinguinite  posted on  2016-05-04 11:56:33 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 37.

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