China warns ,don’t appease trump

[jas007]

2 minutes ago, placeholder said:

There is absolutely no evidence of that Trump knows that at all.  He's been very clear over and over again that he thinks a trade imbalance is proof of unfairness. I'm sure that most of his advisers, with the big exception of Peter Navarro, know that this is nuts.

How am I supposed to find evidence of something that's so fundamental that it goes without saying?  It's  like asking me for evidence that Trump is well aware that 2 + 2 =4.  Everyone who knows anything about world trade and the world reserve currency knows how it works.  For the USA to run the world reserve currency is a major benefit for the simple reason that the Central Bank can counterfeit money.  Of course, they pretend that's not the case, but the world needs the dollar, regardless, at least for now. 

 

And I'm sure Navarro knows as well.  Any undergrad economics major knows how it all works. What Navarro seems to have misjudged is the difficulty in upending the existing world order simply by way of tariffs. Theoretically, tariffs could work if all parties agree and the result is a level playing field.  But he didn't accurately judge the blowback, the embedded corruption, and the extent to which the world propaganda machine can control minds.  In other words, he was politically naive. 

[placeholder]

3 hours ago, jas007 said:

How am I supposed to find evidence of something that's so fundamental that it goes without saying?  It's  like asking me for evidence that Trump is well aware that 2 + 2 =4.  Everyone who knows anything about world trade and the world reserve currency knows how it works.  For the USA to run the world reserve currency is a major benefit for the simple reason that the Central Bank can counterfeit money.  Of course, they pretend that's not the case, but the world needs the dollar, regardless, at least for now. 

 

And I'm sure Navarro knows as well.  Any undergrad economics major knows how it all works. What Navarro seems to have misjudged is the difficulty in upending the existing world order simply by way of tariffs. Theoretically, tariffs could work if all parties agree and the result is a level playing field.  But he didn't accurately judge the blowback, the embedded corruption, and the extent to which the world propaganda machine can control minds.  In other words, he was politically naive. 

How are you supposed "to find evidence of something so fundamental that it goes without saying?" Really? Remember Donald Rumsfeld's "Absence of evidence is not evidence of absence"? But at least in that case there was not much contrary evidence. But in this case there is an overwhelming amount of evidence that Trump hasn't a clue.  But that doesn't count?  Not even Rumsfeld ever said "Absence of evidence isn't evident of absence and counter-evidence doesn't count." I'll leave that kind of nonsense to you. And you claim you're not in the bag for Trump? It is to laugh.

 

And it's not even clear that you understand this issue. What has the US being the world's reserve currency got to do with the basic economic fact of currency flows?