Xi Jinping Playing Chess, Trump Playing Checkers

Thanks for pointing that out. I didn't know that. That's interesting. Can you provide a link for further reading?

 

That orange man bad crap has been beat in the damn ground on this forum. I am sick and tired of hearing that same bullsh*t over and over again. Here it is elsewhere

Link to more Orange Man BS

Its like talking to a damn robot.,

I asked you to start another thread for your discussion, but you won't do that. Since that's the case, I'm gonna cut this short. Here's my message for you

Not a damn stain on me
Don't put your hands on me
Don't hate the playa, just hate the game homie
You up to no good so don't put your stain on me
Dope man clean not a damn stain on me

 

Its not easy to find stuff on Cayman Island tax loopholes - and things get complicated. A friend of mine was dating the Ombutsman of Cayman some years ago and when they were in town we met up. I was interested on behalf of my company operations but he explained to me how it works. For example - in order to do it you have to be doing business in at least two countries - so a company operating only in the US is not allowed to use these shelters to hide profits.

Obama talked about wanting to close these loopholes early in his first term -2009 (see below) Nothing was ever done though.

Most of what you get is generalities however and not specifically how it is done as I presented earlier.

Here is the same conversation going on in 2015 - again nothing was done. https://qz.com/337422/everything-you-need-to-know-about-obamas-offshore-tax-plan/

Some more detailed information related to what I was talking about in these links.

https://americansfortaxfairness.org.../fact-sheet-offshore-corporate-tax-loopholes/

The link below gets into more details.
https://www.ctj.org/pdf/offshoreshell2014.pdf

 

Concerning electronics, its basically the same story. Consider this:

https://www.pcmag.com/news/364870/why-pc-builders-should-stock-up-on-components-now

Not even big companies like Apple will be immune

https://www.theverge.com/2019/6/25/18744351/trumps-china-tariff-tech-apple-microsoft-nintendo-price

If you start tearing down companies like Apple, which are pillars in the US economy, along with the disaster in the apparel industry, you have a recipe for economic depression. Does anyone seriously believe that Trump can stomach a major economic depression before the next election? Like I said, he is going to stand down.

As far as the effect on the US economy, consider this analysis from the Consumer Technology Association

WOW! A 28 percent reduction in the purchase of cellphones.

Any rate, there is more in the report. Its a good read, check it out here

http://www.cta.tech/CTA/media/polic...Drones_Cellphones_VideoGameConsoles-FINAL.pdf

 

I remember Obama talking about that. So that's what he was talking about. That was informative. Great post! I very much appreciate that.

 

I asked you a question on your strategy to deal with China and you've bailed in quite an odd fashion. I think your real answer is simply to oppose Trump. If Trump doesn't like China, you must love China. That'll show him!

 

Trump said last week that the U.S. is imposing 10% tariffs on another $300 billion worth of Chinese goods, effective Sept. 1. His announcement resulted in stocks worst week of 2019 amid renewed investor fears about his trade dispute with China.

That was last week.

This week, China retaliated. China, which has historically controlled its currency, the yuan, allowed it to fall on Monday to its lowest level against the dollar in more than a decade.

"Stocks fell sharply Monday as a trade war between the world’s largest economies intensified with China retaliating against President Donald Trump’s latest move. The move continues a sell-off that began last week when President Trump ordered new tariffs on the rest of Chinese goods."

“Now we have a trade situation that is going off the rails as the side effects multiply due to the ramping up of the use of tariffs and we are only further apart from any resolution with the Chinese,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “The policy of using tariffs as a tool to address our legitimate beefs with the Chinese has failed miserably.”

https://www.cnbc.com/2019/08/05/us-futures-amid-trade-turmoil-between-beijing-and-washington.html

Millions of Americans permanently lost millions of dollars in their savings plans last week and now today.

Last week was the worst week of the year, now the worst day.

"Goldman Sachs warned clients on Monday that a trade agreement "now looks far off" because officials in Washington and Beijing are "taking a harder line."

"The Wall Street firm said the most likely outcome is that no deal will be reached before the 2020 election and that President Donald Trump's threatened 10% tariffs on $300 billion of US goods will remain in place on Election Day."

https://www.cnn.com/2019/08/06/business/goldman-sachs-trade-war-2020-election/index.html

Thank you, Mr. President. Have you considered resigning?

 

I will make this as simple as I can. It is 4th grade math.

An IRA has $100,000 dollars in it. Because of Trump's tariffs the account loses $5,000 just as you lost money in your savings plan last week and yesterday if your account is in stocks. Anyway, so now the account is down to $95,000. Follow me so far?

Due to market changes, at some point the account gains $5,000. So now the account is back up to $100,000. So, the account didn't lose money. Right?

WRONG! If the account had not lost the money in the first place, when market changes caused it to gain $5,000, the account would have $105,000 in it, not $100,000. The $5,000 lost principle because of Trump is permanent.

Sorry about that. I mean it. I lost, too, but I'm mostly in bonds. Too old to gamble.

Now I know what some are going to say. Some are going to say that is ridiculous or something similar. But they won't be able to tell me why the 4th grade math is ridiculous or something similar.

 

As usual, you're wrong about everything. China backtracked.

The People's Bank of China announced on Tuesday that it would provide some stability in the coming weeks to the yuan. They'll take about 30 billion yuan ($4.2 billion) out of the market in Hong Kong on Aug. 14, they said. The move is designed to make the yuan "scarce", giving it a chance to strengthen against the dollar. Which it did on Tuesday morning, irking last night's short sellers.

 

He's instituted tariffs that are flooding $Billions into our federal treasury even while consumer prices remain remarkably tame. Quite a deal, Trump announces the tariffs, and once enacted, they immediately start getting paid.

North America is the China-US trade war winner

Trump makes Canada and Mexico great again.

Mexico and Canada were America's top two trade partners in the first six months of 2019 as the escalating China-U.S. trade war booted China to third place.

With China falling behind Mexico and Canada, President Trumps' trade war has succeeded in making North America's revised trading bloc larger in population and GDP than the 28-nation European Union, according to Geopolitical Futures.

President Trump famously tweeted on December 4, 2018:

I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN​

The "experts" solemnly assure us that Trump's tariffs are highly inflationary but U.S. inflation in the first half of 2019 averaged just 1.7 percent, down from 2.4 percent last year, according to the U.S. Inflation Calculator.

Inflation not only didn't materialize, but dropped well below 2% as resourceful American Business rapidly and globally redeployed manufacturing supply chains from China to Mexico, Canada, and even the United States. The repositioning speed demonstrates that analysts in the New York City to Washington, D.C. corridor that predicted an inflationary spike had no clue regarding businesses always having a disaster recovery plan for alternative suppliers.

Mexico now has the 15th largest economy. On a "purchasing power parity" basis, that measures economic activity against the ability to buy goods in a country's currency, Mexico ranks 11th, Australia ranks 10th, with countries like Spain, South Korea and Canada are not too far ahead.

The USMCA is positioned for a major expansion, with the U.K. set to leave the E.U. on October 1 and President Trump offering the fifth largest economy in the world a USMCA associated membership on similar free trade terms. Combining the U.K.'s $2.6-trillion GDP with the USMCA's $22.1-trillion GDP would create a $24.7-trillion trade pact compared to the $17.3-trillion European Union pact.



Looks like your hero Xi Jinping is playing marbles.

 

Yes it is.

China refused to stop their theft of intellectual property and corporate espionage, so Trump hit them with more tariffs, giving them the choice to either quit stealing from us or pay more tariffs, so far, they are choosing to keep stealing from us and pay more tariffs. So that's where it sits for now while they reconsider.

So what? Vietnam isn't in a military build up specifically to wage war with us, and they aren't threatening to sink multiple US aircraft carriers, and big winners are Mexico and Canada. China used to be our number one trading partner, now Mexico is. China has dropped to 3rd behind Canada.

So what? I know China shovels a lot of cash to Left-wing Think tanks, universities and politicians, but does this obligate you to dance their tune no matter how silly it looks?

Pure fiction, don't mistake your mental construct for real world events, you are arguing things that only exist in your fevers.

Well, that is less profitable to them today, and you are griping anyway.

 

Thanks for admitting that the campaign against China has nothing to do with bringing back jobs to the US, but rather tearing down China as a global competitor, and, therefore, a threat in the US conservative's mind.

Second, I work at a university, I am still waiting for my check from China and their directive to poison young minds. Maybe you have a source that confirms your allegations?

I do have a graduate student from China in my lab, however, and had several in the past. I'd say that by and large they have been very hard workers and are very motivated. One of them is now a professor back in China, lured by the great investments in education and infrastructure the Chinese are making. In contrast, the US is slipping back as the primary force in basic research, partially caused by the conservative notion that university professors are lazy moochers who sit in their ivory towers wasting tax payer's money thinking about useless stuff.

 

I would much rather have the "Trump Team" negotiating trade for me than Hillary (Chamberlain) Clinton, or John (Chamberlain) Kerry, or Barrack (Chamberlain) Obama, or George (Chamberlain) Bush, or Joe (Chamberlain) Biden. Those people are the reason China is cleaning our clock and NATO was not meeting it's financial responsibility. Trump only wants the USA to be treated fairly and I appreciate that.

 

That's for posting a pile of crap and attributing it to me.

That explains a lot.

Chinese-funded institutes on U.S. college campuses condemned in Senate report

The bipartisan report by a Homeland Security subcommittee ... accuses many American colleges of failing to disclose how much money they've received from the Chinese government... Many colleges didn't reveal they've accepted hundreds of thousands of dollars from China despite Education Department guidance that requires reporting of foreign gifts.​

https://www.politico.com/story/2019/02/27/china-college-confucius-institutes-1221768

That took all of about 2 seconds. Let me know if you are equally helpless and unable to look up Chinese cash flowing into Left-wing Think Tanks and politicians.

Exactly, rather than US Consumers funding Chinese infrastructure projects, it would better spent rebuilding our Democrat run, Rat-infested Hell-holes right here in America.

Well, before we judge you too harshly, let's assume the best and see how you handle this conversation.

 

What's wrong with Confucius Institutes promoting Chinese culture overseas? The US could do the same thing, but apparently doesn't feel that this would be money well spent. These institutes are a far cry from your allegation that Chinese cash generally influences American colleges.

Second, how did we get from Chinese funding of Confucius Institutes to US consumers funding Chinese infrastructure projects?

Third, let us know what your honest opinion of university professors is, then we can talk.

 

When discussing global trade, it's in everyone's best interest for it to be conducted in a free manner. When trade is free there are only "winners" by definition - the trade must be mutually beneficial or it doesn't happen. The mere fact that trump and his mindless drones must paint us as victims to justify this madness should set off alarm bells in minds of the more intelligent in his camp.

 

What "deal" has trump ever made that would make you think he possesses any remarkable skill at all? Seems to me the biggest advantages he's exploited are his celebrity status - something not likely to gain him a damn thing as potus. The results speak for themselves.

 

Well that's all well in good, but in the real world there isn't any such thing as "free trade." That's simply a theoretical graph in an economics textbook, or a catechism in the Libertarian church. Is your argument that the US would be better off if it opened trade to the Chinese, regardless of what China did, or are you making a libertarian argument that it wouldn't matter how disastrous it was for the US, as long as global trade was some tiny percentage more efficient?

 

My statement is plain fact, the freer the trade the better for all parties. Full stop. IMO, if china is behaving badly (and to be blunt, trump has done a TERRIBLE job explaining how china is behaving badly save for intellectual theft) then you find better, more thoughtful, targeted, and analytical ways to forge change.
To answer your question directly, yes - I think the US would be far better off to have free trade with china regardless of what they are doing. Given that both parties must benefit from a trade how could it be any other way?

 

Here is the libertarian opinion on free trade (long before the advent of Trumpism):

https://mises.org/library/case-free-trade

"If a foreign country can supply us with a commodity cheaper than we ourselves can make it," wrote Adam Smith in 1776, "better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage. The general industry of the country will not therefore be diminished... but only left to find out the way in which it can be employed to the greater advantage."

From that point of view, the US gains when China sells us products below cost. According to this opinion, tariffs are a way of picking winners and losers, artificially propping up non-competitive industries. What happened to the free marketers?

 

The trade war launched by China in 1980 finally received an American response in 2018. And China is hurting a lot more than the U.S. in 2019.

 

How did china launch a trade war in 1980?

 

It's a legal requirement they disclose cash payments from the Chinese Communists.

You kind of skipped over that.

Not to the extent we were before Trump. China has dropped from our number one trading partner to number 3, behind Mexico and Canada

I take them as they come. Currently my favorite one blogs at instapundit.

 

OK well your position is held by only a fringe group of libertarians and that doesn't have anything to do with the actual discussion about global trade in general and trade with China in particular.

 

Frankly, I'm surprised that you are in the libertarian camp in regards to trade, but as far as history goes, much of the Far East, like Singapore, Taiwan, and South Korea, pursued an import substitution policy and those countries went from third world S holes to first world modern economies in two generations. The US from the birth of the country until the late 19th century had a similar policy. It was less picking winners and losers and more picking domestic over foreign.