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The catch here is that Western capital is heavily invested in China and Vice versa. Mandhelson found out many moons ago when he tried to get the EU to take a harder line.

 

https://www.ft.com/content/8892d198-f1ba-11e5-aff5-19b4e253664a

 

The Chinese are the one's with the problem now, the US debt is held by Chinese banks meaning. They can devalue their currency etc but their tools will likely be more political than economic. A timely article from the Guardian on this very topic 

 

https://www.theguardian.com/world/2016/dec/13/china-state-media-warn-donald-trump-pride-goes-before-a-fall

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@@Rayvin This is what the left is saying about Aleppo.

 

Czi6R-QWQAApflt.jpg

 

Have you flagged this up to demonstrate that the far left are backing Russia following my discussions with Gloom? If so, thanks - it's useful to see. I take the point.

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“The bourgeoisie has through its exploitation of the world market given a cosmopolitan character to production and consumption in every country… All old-established national industries have been destroyed or are daily being destroyed. They are destroyed by new industries whose introduction becomes a life and death question for all civilised countries, by industries that work up raw materials drawn from the remotest zones, industries whose products are consumed in every quarter of the globe… The bourgeoisie, by the rapid improvement of all instruments of production, by the immensely facilitated means of communication, draws all, even the most barbarous, nations into civilisation.” Marx and Engels 1848. Communist Manifesto.

 

1848...Yeah you read that right. :lol:  This was way before Globalization even got going.

Edited by Park Life
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The catch here is that Western capital is heavily invested in China and Vice versa. Mandhelson found out many moons ago when he tried to get the EU to take a harder line.

 

https://www.ft.com/content/8892d198-f1ba-11e5-aff5-19b4e253664a

 

 

“The Chinese are deeply concerned and we hear now from reliable sources in Beijing who suggest the Chinese government, the Communist Party, are developing lists of U.S. interests against which they could retaliate, commercial interests, and obviously one merely has to look at top U.S. exports to China to get a quick sense of whose heads may be on the chopping block,” said one China trade policy expert who interacts closely with U.S. business.

The expert pointed out that more than 30 states have over $1 billion in exports to China and that there is over $500 billion in commercial engagements by U.S. companies in China. All of that would be at risk if China retaliated.

“That commercial engagement supports American jobs, many American jobs here in the United States,” the expert said.''

 

http://fortune.com/2016/12/13/donald-trump-business-conflict-interest/

But odd for an article to focus on the $1bn of exports from US to China without valuing Chinese exports to US. Looks roughly around $40bn last year, could be more.

 

Maybe that's what Trump is looking at?

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The Chinese are the one's with the problem now, the US debt is held by Chinese banks meaning. They can devalue their currency etc but their tools will likely be more political than economic. A timely article from the Guardian on this very topic 

 

https://www.theguardian.com/world/2016/dec/13/china-state-media-warn-donald-trump-pride-goes-before-a-fall

Yeah he used to go on about the currency wars with China right back at the start of the campaign.

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But odd for an article to focus on the $1bn of exports from US to China without valuing Chinese exports to US. Looks roughly around $40bn last year, could be more.

 

Maybe that's what Trump is looking at?

The endgame is to move first position (phase one investment) capital back to the states. The leverage will come in the form of sweetheart deals, tax breaks and the muddying of the investment waters in China for Western Capital. This has already started. Trump (his advisors) have correctly identified China as the only real existential threat to America. Russia doesn't have the economy or reach to threaten America in the long term in any significant way apart from military engagement.

The increased cost of goods will be offset by job creation and the increase in inflation will be offset by endless borrowing from itself (Treasury paper).

Edited by Park Life
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No I ignored that whole boring conversation. I'm just adding to the point that the left are just as blind and fucking stupid as the right.

 

:lol:

 

I'm sure the centre will sweep back to power again one day off the back of a compelling vision of mediocrity and general beigeness.

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It might well be that Trump wasn't joking about 4% growth. :case:

 

The only dangers are the hardening of the dollar which will hurt exports but America is in a very privileged position in that its internal market can buy a helluva lot of its own product.

 

The hidden secret is that Capitalism grew and flourished between 1950-1975ish when the state still retained a lot of its regulatory and interventionist power and proved no hindrance.

 

It follows that the attack on the state has other motives than the mantra of 'free markets'.

Edited by Park Life
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:lol:

 

I'm sure the centre will sweep back to power again one day off the back of a compelling vision of mediocrity and general beigeness.

 

As Renton said, the years under Blair weren't bad. You're just going to have to get used to the idea that your socialist utopia is never going to happen. Come on over to the dark side, it's quite comfortable over here.

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As Renton said, the years under Blair weren't bad. You're just going to have to get used to the idea that your socialist utopia is never going to happen. Come on over to the dark side, it's quite comfortable over here.

 

I don't want a socialist utopia though, I want a pragmatic and effective state that doesn't put corporate interests and the super wealthy ahead of those at the bottom. I want a return to social mobility, better standards of education and, if I could have everything, greater expenditure in the sciences.

 

Hardly socialism 101. I'm not far left ffs, I just don't believe the centre is in any way interested in achieving these things.

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Under investigation for what?

 

The Putin bit bothers me less - if the US and Russia become friendly it'll probably do the world a lot of good. Anything has to be better than what we're seeing now ffs.

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Under investigation for what?

 

The Putin bit bothers me less - if the US and Russia become friendly it'll probably do the world a lot of good. Anything has to be better than what we're seeing now ffs.

Exxon are under investigation for that inaccurately reporting the value of their oil reserves.

 

And you'll notice that it isn't Russia thawing towards US policies but the US administration becoming more tolerant of Russian methods and values and that can't be a good thing.

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Exxon are under investigation for that inaccurately reporting the value of their oil reserves.

 

And you'll notice that it isn't Russia thawing towards US policies but the US administration becoming more tolerant of Russian methods and values and that can't be a good thing.

 

Not sure about that. I mean, Trump himself may personally be closer to Putin as a personality but I think the bigger issue at stake here is that there is an opportunity to break away from the new cold war that was forming.

 

 

Trump is a hypocrite as well as a pathological liar

 

He is indeed.

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Not sure about that. I mean, Trump himself may personally be closer to Putin as a personality but I think the bigger issue at stake here is that there is an opportunity to break away from the new cold war that was forming.

 

 

 

He is indeed.

Yep that's what we need an intolerant America becoming pally with intolerant Russia.

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  • Andrew changed the title to President Biden

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