Trump has finally met his match as he fights 3 unwinnable wars

[spidermike007]

22 hours ago, CallumWK said:

 

Hahaaha, Trump has a plan? At midday he doesn't even remember what he had for breakfast.

 

You should take up a job as standup comedian

People forget just how old and decrepit this man is. He has been eating junk food his whole life, gets little exercise and is likely in poor health, despite the fake doctor reports. 

[spidermike007]

23 hours ago, BangkokReady said:

 

But how can you describe the Vice President of America and one the richest men in the world as "bottom feeders"?

 

Do you know what a bottom feeder is?

Vance is an abomination. He is a disgrace. He embarrasses himself every time he makes a state visit and nearly every time he opens his mouth. His ignorance knows no bounds. Neither does his arrogance and sense of self righteousness. He is a horrific person. 

 

So many people make the mistake of equating wealth with the sign of a quality person. Often it is the opposite 

[Harrisfan]

Just now, spidermike007 said:

Vance is an abomination. He is a disgrace. He embarrasses himself every time he makes a state visit and nearly every time he opens his mouth. His ignorance knows no bounds. Neither does his arrogance and sense of self righteousness. He is a horrific person. 

 

So many people make the mistake of equating wealth with the sign of a quality person. Often it is the opposite 

Don't hold back 

[spidermike007]

11 hours ago, Cameroni said:

 

Thanks Mike, but some of the things you mention are not cards that Xi Jinping actually holds.

 

For instance you talk about China holding US Treasury Bonds. However, China cannot sell them in large numbers as that would raise US interest rates and make the Yuan more expensive, which would impede Chinese exports which is not what China wants.

 

You say China is not wholly reliant on exports to the US, there's the EU and Asean. However, the EU herself has slapped tariffs on Chinese products. So have Turkey, Indonesia and Brazil and many other countries. The reason is of course Chinese dumping, ie the Chinese flooding foreign markets with the results of their insane overproduction. In fact many Asean countries are now very afraid that a tsunami of cheap Chinese products will come their way since America closed its doors to Chinese products. So tariffs on Chiinese products from Asean countries look on the cards in the future. Vietnam has already said it will be willing to stop the practice of Chinese pass through exports to the US, as part of its negotiation offer to the US. Trump's tarffis have a beneficial effect for the US far and above money inflow, and they have a negative effect on China far and above the lost busines that would result in the US.

 

China continues to be highly dependent on exports by the way. It is true that the Chinese leadership, for obvious reasons, has taken steps to reduce this dependence on exports, so it came down from 35% of GDP but even in 2023 the Chinese GDP still owed almost 20% of its GDP to exports. That is 3.4 trillion USD. So yes, if that were to fall away or significantly reduce it would be a major problem for China. Despite efforts to reduce this export dependency.

 

The domestic market in China is very depressed at the moment, China is in deflation, part of the reason is China's wanton overproduction, for instance they have overproduced 1.4 billion housing units which are all unwanted and lie empty now. This has caused house values to fall in China, just as the Chinese middle class was startingj to buy houses, thereby lowering domestic demand. There is also the issue of Chinese women not having children and the graying of the Chinese population.

 

As for the Belt and Road Initiative fostering international co-operation, it has also created major disputes with other nations. The Tanzanian president John Magufuli for instance said "the loan agreements of BRI projects in his country were "exploitative and awkward". He said Chinese financiers set "tough conditions that can only be accepted by mad people," because his government was asked to give them a guarantee of 33 years and an extensive lease of 99 years on a port construction. Magufuli said Chinese contractors wanted to take the land as their own, but his government had to compensate them for drilling the project construction.

 

In fact BRI is largely a neo-colonialist project, a road that goes only one way, to benefit China. India for instance, a major opponent of China's BRI, has illustrated how China is using the "debt trap" to exploit African countries with BRI deals. Besides it is hard to see, how countries like Zambia, Romania or Bangladesh will be able to absorb significant amounts of China's insane overproduction.

 

https://en.wikipedia.org/wiki/Belt_and_Road_Initiative

 

Of course China will withstand the trade war, it will continue to exist, we have seen already how Russia was able to survive and grow even with crippling sanctions by the West. However, the question is how much would China have grown without the tariffs and trade war? There is no doubt at all that Trump is taking bread off of China's table and shaving many GDP points off China's economy.

Some valid points. But, how much bread is Trump taking off American tables by crippling trade, tourism, agriculture, the US wine industry, car sales, and causing massive inflation, deflating the markets, etc. and getting so little in return. 

 

Trump is a blazing numskull, without a plan.