Beijing Launches DPRK Rockets Over Escalating Trade Tension – Trump Launches Treasury Missile Designating China a Currency Manipulator…

Beijing has once again used their proxy province of North Korea to launch small two short-range ballistic missiles as leverage in the U.S. and China trade confrontation.

WASHINGTON – For the fourth time in less than two weeks, North Korea has fired projectiles into the Sea of Japan, a U.S. official said.

The two projectiles, fired on Tuesday morning local time, were assessed to be similar to the short-range ballistic missiles tested by North Korea last week, the official said. (read more)

Moments later President Trump and Treasury Secretary Steven Mnuchin fired a counter-missile directly into the heart of Beijing’s trade currency manipulation:

(Treasury) The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries.

Under Section 3004 of the Act, the Secretary must “consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.” Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator.

As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions. (more)

And so the dance with the dragon continues…

Chairman Xi devalues Chinese currency… Trump hits Chairman Xi with tariffs…. Beijing launches DPRK rockets…. Trump hits Chairman Xi with IMF/WTO designations….

Unfortunately for Chairman Xi Jinping, President Trump has bigger economic missiles than Beijing.  Kyle Bass outlines the scale of what economic weapons President Trump has in his arsenal that are far more devastating than little Kim’s rockets.  WATCH:

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This entry was posted in Auto Sector, China, Communist, Donald Trump, Economy, Hong Kong, media bias, N Korea, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

163 Responses to Beijing Launches DPRK Rockets Over Escalating Trade Tension – Trump Launches Treasury Missile Designating China a Currency Manipulator…

  1. Elric VIII says:

    Like the Democrats, the Chinese are in a hole, and they just keep digging deeper.

    Liked by 22 people

    • vfm#7634 says:

      Communists never learn from their mistakes. After all, they don’t think they make mistakes.

      Liked by 15 people

      • The Boss says:

        Kind of hard to tell if we’re talking about Chicoms or democrats anymore. Not much to distinguish one from another. I guess we could ask each group to pronounce the word “loser” to help keep them straight. 🙂

        Liked by 28 people

      • Daniel says:

        They learn from their mistakes. They learn they aren’t being communist enough. China will destroy itself in front of a horrified world… while they resume their business in neighboring Asian countries instead of China.

        Just look at the Democrats. They are all having “I’m more radical than you” contests. That may stop now that Nancy has roared but we’ll soon see.

        Liked by 2 people

    • Screaming Eagle says:

      And like the Democrats, they continue to think their state owned media will control things. Until the people get real hungry.

      Like

    • Daniel M. Camac says:

      Love that last statement by Mr. Bass….”We (VSGPDJT) hold all the cards!” BOOM!

      Liked by 2 people

      • bertdilbert says:

        Trump is keeping the Chinese in that pot of water and slowly turning up the heat. The Chinese keep pretending they have a winning hand. Trump does not care one way or the other.

        China is slowly catching on fire. Meanwhile production is moving to the rest of the world so soon China will be less relevant to the world economy. Uncertainty around China continues unabated. The money is looking for a new home.

        Liked by 4 people

    • Linda K. says:

      Kim should launch a missile at China.

      Like

  2. A2 says:

    They latest round is directly related to the ROK -US military taking exercises that started Monday and little Orphan Annie’s decoder ring press made it clear.

    Liked by 5 people

  3. Sporty says:

    Trump, Our Beloved President is gonna Blow up the Chinese economy just like the Liberals heads as he goes to El Paso this week. Pass the Popcorn.

    Liked by 7 people

    • peace says:

      Baby Beto , along with leftist anti-America Escobar, is telling Trump to stay away from El Paso. The nerve of them! Who the hell do they think they are. Time for America to reclaim El Paso.

      Liked by 9 people

      • SwampRatTerrier says:

        Beto?

        Oh! He’s a white nazi terrorist!!!!!!

        Liked by 1 person

      • And where is OUR VSGP going sometime this week? El Paso?

        Like

      • sat0422 says:

        People like Beto are deep into wanting power over the people and making new laws to keep Americans in line with their way of thinking.

        I vote today in a county that is taking away my right to vote. I quote the newspaper notice,
        “Therefore, if you choose to vote on the Republican Primary Ballot on August 6th, you will give up you right to vote in the local election of our Sheriff, Chancery Clerk, Circuit Clerk, Justice Court Judges, Constables, Supervisors, Coroner, County Attorney, Tax Assessor and Tax Collector.

        “Further, if you choose to vote on the Republican Party Primary Ballot on August 6th, you will also give up your “right” to vote in any necessary run-off elections for the local races in two weeks later.

        This has been happening for over 18 years that I have lived in this county and now, with Trump as our leader, we are woke and paying attention. We need help down here in Mississippi and it looks like we need a lawsuit as welll.

        Does anyone know where we can find an attorney that will help us fight for our right to vote????

        Liked by 1 person

  4. SoCal Patriot says:

    I have a large business in China. My Chinese partners are all looking to invest their money immediately in the USA. They are also starting to have difficulty getting money (dollars) out of china again.

    Liked by 11 people

  5. TwoLaine says:

    Navarro was on Lou Dobbs. He says a lot of companies will renegotiate pricing for their Christmas orders based on lowered prices. A win for the USA consumer all around.

    Liked by 12 people

  6. ggmppv says:

    Trump should call Xi and say : “Hey, wouldn’t it be a shame if the US accidentally came out and said we fully support Hong Kong’s independence”.

    Liked by 4 people

  7. Angel Martin says:

    Earlier today, I was thinking China is getting hit hard by Trump – time for Kim Il Sung 3.0 to act up again.

    And voila !

    Liked by 1 person

    • So the next thing PDJT must be addressing is the trans shipping or whatever it’s called where China sends stuff through other countries, claiming it as their own.

      Liked by 2 people

        • Ok, BKR, so sounds like you’re saying we will buy virtually nothing from Asia and get all our goods from north and south of the border? I don’t think that is true. It sounds as if many US companies are switching supply chains to other Asian countries. Can you expand on your response? I’m not as versed in USMCA as I should be.

          Like

          • Your question:
            “… PDJT must be addressing is the trans shipping”

            USMCA will prevent it.

            Liked by 1 person

            • Yes, but will shred the Constitution in the process. BKR, here’s a link to a retired lawyer who has read the agreement in detail. it will be quite a feat to disprove anything she says. However, feel free to comment at the bottom of her page as she’s open to constructive criticism.
              https://publiushuldah.wordpress.com/2019/01/27/the-usmca-trade-agreement-violates-our-constitution-and-sets-up-global-government/

              Like

              • An American says:

                wethepeoplehandbook, she is the same one that is also against “the convention of states” that our founders put into the constitution so “We The People” could amend the constitution, and, yes, it takes 2/3 of Congress and 3/4 of the state’s to ratify. Your commenting on this lady rings a bell with me as the “Northern Kentucky 4 County Tea Party” is telling everyone to call their reps and tell them to vote “NO” on the USMCA if it ever comes up for a vote. This bunch also badmouthed the “Convention of States”. And there is no “floor open for discussion” on either of these issues with this bunch!

                Liked by 1 person

              • Cetera says:

                The main problem is that NAFTA already did these things, only much worse. NAFTA already had a non-U.S., multinational body controlling all aspects of commerce in the U.S. Any disputes in NAFTA were handled by three delegations, one from Mexico, one from Canada, and one one from the U.S. Canada and Mexico voted together 100% of the time, and the U.S. could not veto.

                I don’t think USMCA is the very best deal in the world. However, it is SOOOOOO much better than what came before it, and it actually addresses and remediates more of the issues brought up by that author than what is currently allowed. USMCA is a step towards fixing those issues, not creating them or making them worse.

                Liked by 1 person

                • Agree about NAFTA and if we do nothing, that goes away, doesn’t it? Then we are back to bilateral treaty with Mexico per President Trump. See here a paper on “treaties” please:
                  https://publiushuldah.wordpress.com/2009/09/19/the-treaty-making-power-of-the-united-states/

                  Like

                • AGREE.

                  Too many armchair quarterbacks with no solutions.

                  Cannot let the perfect be the enemy of the breakthrough. [see below]

                  Like

                • Publius Huldah says:

                  Cetera, have you actually read NAFTA? Have you actually read USMCA?

                  If not, then whose talking points are you repeating? And how do you know that the person whose talking points you are repeating spoke the Truth? What if what that person said is not true? Will you have hurt the Country by spreading falsehoods?

                  My point is: If one doen’t have PERSONAL KNOWLEDGE of something, then all an honest man can do is say is something like: “Well, I haven’t read NAFTA or USMCA, but Trump says…..”

                  Our Framers often spoke of the link between Virtue and Freedom. We cannot go around repeating things as Facts when we don’t know whether what we are saying is True or False.

                  Like

            • There’s bound to be better options than the “agreement”. Unilateral treaties might be a good start. Someone smarter than I might be able to come up with something. No need to shred the Constitution.

              Like

              • IMO, President Trump’s believes Bilateral RECIPROCAL “Free and Fair Trade Agreements” are the best path to SUSTAINABLY-improving MUTUAL PROSPERITY.

                • POTUS took office saddled with an interlocking multiplicity of ANTI-AMERICAN “Agreements” that were NOT ratified as Treaties.

                • They were PARASITICALLY LOOTING the USA without regard for the consequences of becoming economically incapable of defending ourselves.

                • They were concurrently ENRICHING both wings of the Uniparty Members of Congress, who were TREASONOUSLY aiding and abetting our enemies at the expense of our Citizens’ Rights, Liberty and Pursuit of Happiness.

                • This UniParty had ensconced a COMPLICIT JUDICIARY.

                • This UniParty would NEVER ratify a Treaty, because they would be forfeiting their cheating accumulation of wealth and power, and they had enough dirt on their peers to put any renegade away for life, if not death.

                Don’t give me this crap about this should be a Treaty when you haven’t a clue about how to get our country out of its DEATH SPIRAL aside from what President Trump has done:

                • When you can BARELY get passage of a “Trade Agreement”, only an idiot would raise the threshold for passage to the level required of a “Treaty”.

                • You … moreover, WE … have no idea of the scenarios President Trump has mapped out for WINNING, regardless of what the UniParty attempts as a next move. [Example: Cancel NAFTA and tariff the crap out of Canada, Mexico and every other country until they abandon all Trade Barriers, Trade Violations and Tariffs … a much harsher path than the construct of USMCA. Then consummate Bilateral Trade Agreements with individual countries that straighten up.]

                Like

          • Maquis says:

            USMCA prevents trans-shipping thru our neighbors and the mere assembly of imported Chinese parts into products that Canada and Mexico then claim as their own and sell to us with zero tariffs.

            This is the fatal flaw of NAFTA and why it must die, either as USMCA replaces it, or PDJT simply kills NAFTA and we go back to pte-NAFTA which is fine for us but sucks for Mexico as the USMCA sets them on a path towards near-First-World wages and standards, ending much of the serfdom nature of their economy.

            Liked by 1 person

          • sat0422 says:

            My theory is that they (China) just pay to get others to put false labels on where things are being produced.

            Like

            • Exactly what I’m referring to, Sato. These transshipped products through Vietnam, et al will not be going through Mexico or Canada. It’s direct to USA.
              So to state the question again, how will we combat transshipping from China through other (non North American) nations?

              Like

              • Maquis says:

                We already have caught Vietnam so doing, and iirc the related trade sector is now sufferring a 400% tariff in consequence.

                I don’t know all the mechanisms, but we are watching.

                Liked by 1 person

    • GB Bari says:

      That card has been overplayed.
      Once was big news.
      Now it generates little more than a yawn.

      Like

  8. ozymandiasssss says:

    Kyle Bass on that video says it just like the President does. We hold all the cards. China needs dollars bad and they are being bled.

    Liked by 8 people

    • Dutchman says:

      I know, or,at least I’m pretty sure we ain’t there yet, but the question is, WHATS the tipping point?
      Analogy to collapse of USSR, withdrawal from afcrapistan was ONE sign of impending collapse, second was when faced with uprising in baltics, and instead if brutal suppression, they withdrew.
      They simply couldn’t afford to continue in Afcrap, or to brutally suppress in B.

      So, corellary signs might be, either coml
      pleting the release if Nork, withdrawing from ‘disputed islands’ as A, and backing down on brutal suppression in HK as,B.

      The speaker was right, a brutal suppression in Hong kong, ain’t gonna be no tienamen, and couldn’t come at a worse time for China. It would in four face, and broadcast everywhere, remind everyone this is as brutal a regime as any in history.

      Not good when they are trying to project an image if being the victim of Trump, and keep your businesses here.

      China has always thought of their vast size and population as a plus, but the bigger they are, the harder they fall.
      They have an ENORMOUS nut, or overhead, they need to keep paying.

      “Conmunism stops working, when it runs out of other peoples money”

      Liked by 6 people

      • Robert Smith says:

        The time-tested way would be to make them defend their interests and assets in a far flung realm. This used to be proxy wars in the Cold War days if it was against the Soviets. They would have to expend hard cash to fund it and draw resources away from competing domestic crackdowns.

        Liked by 1 person

        • Maquis says:

          Well, we don’t want to burn lives in such a fashion, but China IS highly over extended with their New Silk Road adventures and I believe a huge vulnerability exists there. They cannot squeeze value out of those assets if there is no captive market for the end product, and they cannot enforce their control as debt-trapped countries awaken to the reality that they are all to be fully subsumed into the CCP’s global imperial ambitions and that the only way to escape their fates is to default en masse and let the dragon thrash and flail and perish.

          Liked by 2 people

          • Robert Smith says:

            The way I see it is owning all the assets after these countries default would be great for China – if the American piggy bank were still open. They’ll just have expended capital all over the world and have uncollectible debt when they sorely need money. A perilous position.

            Like

            • Maquis says:

              Exactly, perilous, but those countries won’t throw off the yoke until they see that we have. We go first, Karma follows.

              Liked by 1 person

              • SwampRatTerrier says:

                Excellent summation of China’s fix Maquis.

                All their in the world is worthless when their customers leave them to business elsewhere….like towns on a new interstate that didn’t let any off cramps.

                Like

                • SwampRatTerrier says:

                  All their control in the world is worthless if…….

                  Like

                • SwampRatTerrier says:

                  Crazy WordPress changing words after correctly typed.

                  Like

                • Maquis says:

                  No worries Terrier, we see so much weird that we automatically read it as intended 90% of the time!

                  And yes, we’ve been anethetized by cheap consumerism so long we haven’t noticed the vampire at our neck, but PDJT has a message for us and the world;
                  Wakey Wakey!

                  Liked by 2 people

        • Dutchman says:

          Ah, but that requires bullets, even if its bullets by proxie.
          Economic Security id Natiinal Security.
          Regime change by bankruptcy, instead of costing treasure, it builds wealth.
          And Screw the neocons.

          Liked by 2 people

        • TaDa: POTUS just declared an EMBARGO on Venezuela.

          China and Russia can now decide how to keep their energy-and-gold gravy train moving, not to mention how to sustain what would have been their Backyard Base for undermining USA trade-and-security influence in Latin and South America and looting dictatorships of their countries’ natural resources.

          Like

          • Robert Smith says:

            I just recalled that Trump made it known that she spoke to Putin last week. It was supposed to be about the Forest Fires, but the end result was they were talking about a more productive relationship…

            Now, every time O’bama got Putin’s help, O’bama reneged on whatever assurances he gave Putin. This according to Stephen Cohen on the John Batchelor show. Obviously, they can be the bad guy without further help. I assume Putin knows that being in the perpetual doghouse as the political punching bag is not good for Russia.

            Like

      • KingBroly says:

        If/When the USMCA is ratified. That’s when Trump slaps 25% tariffs on all remaining goods.

        Like

      • Aeyrie says:

        Ummm yeah, Dutchman, their AG issues are ominous as well. A big population becomes a big problem when they can’t feed them. They are in corner. PDJT knows as well as they do that they will have to capitulate before long. Pres. Trump is patient and will wait them out. Ruh Roh.

        Like

        • Dutchman says:

          Dunno. I’m leary of allowing my emotions to effect my thinking, but I don’t think the end game is ‘capitualate’, IF by that you mean China agreeing (capitualates) to PDJT’s terms.
          China CAN’T agree to his terms. HE knows it, They certainly know it, and they know he knows.
          Its collapse of the CCP rule, THAT, I THINK, is the end game.
          For me, the question isn’t IF, its when. And yeah, how much suffering are the people going to have to endure, before the end comes. The AG is pitiful, really. WE know we need your AG, to feed our people. YOU know we need your AG, to feed our people, but we are going to stop buying Ag from you, cause your trying to force us to quit screwing you.
          Hah, WE’LL show YOU!

          Liked by 2 people

          • IIRC Xi spoke of the possibility of another “Long March” where many Chinese will lose their lives for the party. The leadership is OK with this as they will remain fat and happy while the peasants starve. I’m sure Xi is counting on the world to come to the rescue and feed the people he is responsible for starving; all the while bad-mouthing America and our VSGPT.

            Like

            • Dutchman says:

              Yeah, Russia marched people into chernoble for the cleanup. Lots of thyroid cancer, etc.
              But I’m thinking at some points, civil servants just walk, when they aren’t paid for months at a time, which also happened in Russia.

              China spends more on internal security than on National defence, and over a trillion on maintaing CCP hierachy and families.
              So, where do you cut?

              Like

    • Barnestormer says:

      Which might explain their reneging on the ag agreement. Are they rationing dollar-denominated purchases? Could be more an act of necessity than retaliation.

      Liked by 4 people

  9. Paul Paul says:

    I guess I wasn’t really worried, but I am glad to see that all the ‘racist-white nationalist’ talk du jour isn’t distracting Trump in the least…

    Liked by 2 people

  10. HOW CHINA FUNDS the TARIFFS:

    Target stores buys a Pre-Tariff broom from China for $10.
    Target Sells it for $12.50.

    President Trump slaps a 10% Tariff on Chinese Exporters for Trade Violations.

    • Target will SHIFT to a NON-China Source unless China pays for the Tariff.

    • So China DEVALUES their CURRENCY by 7%, to sell the broom to Target for $9.30.
    $10 less 7% [$.70] = $9.30

    • China then SUBSIDIZES their broom company $0.21 per broom,
    Further-lowering the price to $9.09

    Target STILL buys the broom for $10.00 = $9.09 + 10% Tariff [$.91].
    Target STILL sells it for $12.50.

    The DEVALUATION of the Chinese currency allows them to REDUCE the $.91 DIRECT SUBSIDIES to their broom manufacturer from $.91 to $.21 by CUTTING 7% from the value of ALL ¥Uan Investments!

    Illustration Source: MILupper’s beautiful Presidential-thread comment!

    Liked by 3 people

  11. Xi needs to put his big boy britches on and realize that by January 2021 he will dragging an empty money bag behind him. The same leverage that can lift can also crush when Trump keeps moving the fulcrum point. Two rockets for Brother Xi may look more like Two Mules for Sister Sarah.

    If I keep pumping money in this slot machine I will probably win a huge jackpot.

    Like

  12. Bucknutguy says:

    We are better off having a trade war today than a military one in 25 years.

    Liked by 19 people

    • De Oppresso Liber says:

      I have read many comments about the danger(s) of bleeding the Chicom’s economy, and the similarities between now, and with the Japanese in 1941. While we all recognize the brutality of the Chicom’s regime, and that they do not give a rip how bad their own people suffer, as long as the few wealthy, senior PLA members keep getting richer.

      The Chicoms will bluster and rattle their sabers, but a direct military confrontation would utterly DESTROY their economy, and they know this.

      Liked by 2 people

      • Vince says:

        Chinese communists are much more afraid of their own people than us. Chinese people talk a good game of being peaceful and harmonious, and sacrificing for the greater good, during the good times. But when they snap, they snap in very large numbers. Their group mentality works well in riots, too.

        Up until now, the communist party has justified their one party rule on their three decades of steady progress. If that goes out the window, so might the communists.

        Liked by 10 people

        • De Oppresso Liber says:

          Exactly correct, Vince…..and I’m sure all of Asia, nay the entire world (sans maybe Maduro’s Venezuela) would mourn the abolition and/or destruction of the PLA.

          Many people do not realize the PLA is not only strictly the standing Chicom military forces, but also conglomeration of manufacturers, industrialists, and financiers that literally control (or hold sway over) the entire Chicom economy.

          Liked by 2 people

        • Raised on Reagan says:

          Excellent points and you know your Chinese history well!

          At the same time as our Civil War, with 650,000 casualties, China was engaged in its own Taiping Rebellion with 20-30 million casualties. Bat guano crazy describes when the Chinese population goes off like a string of M-80s.

          Also, all China’s Rebellions and Civil Wars have started in South China. Hon Kong will be the fuse.

          Liked by 3 people

    • billrla says:

      Bucknutguy: Quite true, especially for those of us who have been following China’s military build-up: aircraft carriers, subs, other surface and amphibious ships; plus new fixed-wing and rotary aircraft, armor, etc. Also, huge investments in overseas bases, especially in Africa. The Chinese intend to secure their supply lines by any means necessary. Furthermore, China’s communist leaders need a massive military to keep their civilian population, shall we say, happily engaged in the greater good of China.

      Liked by 1 person

      • Robert Smith says:

        In the longer run they still have to sell their product until the day they can sufficiently tap their own domestic market. That’s hard to see them making their populace too wealthy because they might decide that Commies suck and need to go immediately.

        Liked by 3 people

      • bertdilbert says:

        China cannot secure anything unless they own the seas. They do not. Further, their economic success depends on access to the largest market in the world, the USA. They did not need to sneak in a Trojan horse to attack us because we just left he gate wide open. Trump is closing the door.

        The rest of the world is also dependent on the US so China cannot find a meaningful ally.

        Like

    • Pyrthroes says:

      In all her history, China as the Middle Kingdom rarely if ever provoked hostilities with foreigners (think Ch’in Shih Huang-ti’s Great Wall). Yet over six decades in the 13th Century, Mongol hordes under Genghis Khan and his descendants swarmed into China, installing –as with India’s Moghuls– a series of foreign dynasties that persisted over seven centuries to Sun Yat-sen in 1912.

      The point is, that Chairman Hsi’s Norko belligerence and Taiwan Strait alarums are ChiCom distractions from this post-Postwar Trump Era’s tariff-righting business-at-hand.
      However Hsi may fuss-and-grunt, in DJT Peking’s Red Dragon has met its economic Genghis. Indeed, by history’s ineluctable three-generation Rule of 72 (three 24-year cohorts, two 36-year socio-cultural epochs), Peking unwittingly faces a 1949 + 72-year inflection-point at end-2021, just as did Lenin’s Soviet slave-State in 1989, precisely 72 years from 1917 (Stalin through 1953, then skulking epigones through 1989).

      Though Hong Kong may yet go down in flames, unrest there is a precursor to “unexpected” regional disquiet due in Trump’s historic second term (by all odds, he will be the first U.S. President to serve a fourth consecutive 8-year incumbency). By the way, he’s Incumbent 44, not 45– double-counting Grover Cleveland’s two non-consecutive terms, consistency requires counting 58 4-year Presidential terms from 1788 through 2020.

      Liked by 2 people

  13. FreedomLover says:

    Now this is what I call draining the swamp.Cut off their money supply.

    Liked by 2 people

    • A2 says:

      加油!

      Potus and wolverines have much more ammunition in their pockets if they wish to use it, re ‘cutting off the money supply’.

      😁🤑😁🤑😁

      Liked by 3 people

  14. DJT2020 says:

    Request

    Can someone please explain to me the effect of designating China a currency manipulator? What will the ramifications be?

    Like

  15. Neil says:

    Go get em Donald. We have ur back. Screw the media and the beto betas carping. Tell barr to get off his ass and start slowing down the brennan’s, comeys, clappers, et al, with indictments. U lose otherwise and ur work will fade. Go get them now.

    Liked by 2 people

    • Paul Paul says:

      I dunno. It almost seems like the whole ‘racist-white nationalist’ brouhaha gives Trump better cover to deal with China. Hardly anyone is paying attention.

      Who I really feel bad for are the victims and families of the shootings. Praying.

      “Take ye heed, watch and pray: for ye know not when the time is. For the Son of Man is as a man taking a far journey, who left his house, and gave authority to his servants, and to every man his work, and commanded the porter to watch. Watch ye therefore: for ye know not when the master of the house cometh, at even, or at midnight, or at the cockcrowing, or in the morning: Lest coming suddenly he find you sleeping. And what I say unto you I say unto all, Watch.”

      Like

      • Jan says:

        #1 Most Dimms do not understand much of anything with respect to foreign policy; all they know how to do is try and overthrow governments they don’t like and throw money at governments they like.

        #2 No Dimms have any notion how to deal with China, Russia or anyone else unless it’s to make a deal that enriches their pockets

        #3 If the Dimms keep up with politicizing these shootings, Pres. Trump will call them out on the violence and murders in Dimm-run cities again.

        #4 Most Americans are sick and tired of being called racists.

        Liked by 3 people

  16. TheWanderingStar says:

    If I understand it right, the big hammer is barring China from the SWIFT banking system thereby denying the Chins access to world financial institutions, for transferring monies and the settling of accounts. I guess at that point they can burn all those RMB to keep warm.

    Like

    • No. They will further their terror by proxy with Iran and NOKO.
      Can you imagine what will happen the first time The Mullahs tell the world “The devil (CCP) made me do it?”
      With all the coddling of the radical, women-hating/grooming Muslim groups who do you think the public will choose?

      Like

    • TarsTarkas says:

      The Han Empire the last few years was trying to push their currency as a viable alternative to the dollar as the global specie. 1. They didn’t push far enough, fast enough, 2. They didn’t have the financially wherewithal to force the other world economies to change over, 3. Their actions the past couple days have informed the other world how smart they were not to shift over to China’s currency, subject to the whim of a single man bent on world domination.

      Liked by 3 people

  17. grahampink says:

    Refreshing to hear someone point out the Chinese Potemkin Village economy.

    Liked by 1 person

  18. Mike in a Truck says:

    “Booo.Boooooo. You raise tariffs we launch missile. Now you scared Yankee Dogs.See, you no beat Red Dragon!” So we’ll just stop buying your stuff then. ” Ohh..now you pay we launch more missile, little fat guy got plenty we give”

    Like

  19. usayes says:

    The PRC is done. The MSM naturally have refused to report the mass exodus of companies from the PRC due to the tariffs. In a world of risk management and risk assessment, what U.S. company would go back to the PRC if the tariffs are lifted. Nope. Not going to happen. Done. They are done.

    Like

  20. bruzedorange says:

    In the Yahoo Finance video…
    Maybe I don’t appreciate what this news means to hedgefunds, but whatever—it was amazing to watch alternate universes overlap for a time, then pass harmlessly.

    Listen to Ms. Carleton English before and after the Kyle Bass interview. Nothing he said made a dent in her (or Brian Cheung’s) worldview that what’s happening to the Yuan is “obviously bad” for everyone.

    Like

  21. bruzedorange says:

    Oh. BruzedApple today.

    Like

  22. Do stop thinking about tomorrow says:

    So if they refuse to buy American increase the tariff to 50%. If they still refuse to negotiate then bump it up 25% over and over yes we can either break them our our market for their product.

    Like

  23. jimboct says:

    This is China trying to manipulate our election in 2020. They want in an office someone who is beholden to the PRC (Biden) and won’t upset the apple cart.
    Why is this election interference? The dems make every market hiccup about VSGPDJT. I say the Dems are complicit with the PRC and are trying one of the 6 ways from Sunday to hurt VSGPDJT.
    Time for some indictments to change the news cycle.

    Liked by 1 person

  24. Niagara Frontier says:

    Maybe it’s time we do an inventory of the Chinese nationals who are legally residing in the U.S. either working with temporary visas and those who are students. How many are here for legitimate purposes and how many are here to conduct espionage or to spread propaganda?

    I hope someone is awake at the State Department.

    Liked by 1 person

    • Maquis says:

      The Confucius Institutes are surely both espionage and propaganda focused and represent little less than an agressive imperial colonialism.

      Liked by 2 people

      • Niagara Frontier says:

        The numbers are staggering. China is the leading source of international students in the U.S. education market. Just in 2018, 360,000 additional students arrived for the academic year.

        The number of non-immigrant VISA’s for business and travel continues to skyrocket.

        Like

        • Maquis says:

          And DC is filled with well paid knowing co-conspirators. Generations of the deepest vilest traitors to walk our land continue to thrive in our government and various, nay, most, organs of power and control and influence. We are beset with so many deeply entrenched highly advanced enemy schemes in our midst that one could be forgiven for believing that despair seems rational.

          Yet PDJT battles on, and wins, may God Bless and protect him without cease.

          Liked by 4 people

          • Reloader says:

            Profound comments.

            And if PDJT is successful (when is he not?) … all of those traitors will at the least no longer receive their pay for treason, because the CONmunists can’t afford it. What will they do then? Continue in treason? Cash out? No longer of influence, begin incarceration? “Revolver-on-the-nightstand” out? Simply retire wealthy?

            Liked by 1 person

            • Maquis says:

              Our President offered even Hillary an out. Foolishly, she refused it. I doubt the corruptocrats will be any wiser with such an opportunity, but I wouldn’t be surprised if quarter is indeed offered. Nor surprised that the consequences are epic if they continue to conspire against America.

              Liked by 1 person

        • genjake says:

          So where is China gonna get dollars to pay student tuition etc?? This is going to put a big dent in USA College graduate programs. When I was there they were paying full price. If they’re broke and can’t pay, ouch….. Lot’s of profs will be looking for work.

          Like

          • Maquis says:

            They can furlough the ancillary brainwashers and excess “administration” and easily cover the few legitimate functions that remain I suspect.

            Like

  25. Cocoon says:

    Same old, same old ain’t working for China.
    Like the millionaires and billionaires leaving high tax states, the wealthy always have options and mobility.
    Look for them to make other relationships as China’s only asset, cheap and sustainable labor becomes unclear.
    Industries always want to spread their supply chains. China is no longer a long term partner.

    Like

  26. Bucknutguy says:

    Too many people on this sight underestimating the Chinese. They are better at suffering than we are. Commies happy to bleed their population economically and physically. This will not end shortly despite Kyle Bass opinions. Totalitarians gonna totalitarian.

    Liked by 1 person

    • Rynn69 says:

      Yes, China plays the long game.

      Liked by 1 person

      • Maquis says:

        They wrote the check, but can they cash it? Great ambition is often indistinguishable from fatal hubris.

        Like

      • Bigbadmike says:

        Then the long game is a loser. The Cleveland Indians Play the Long Game too, but they haven’t won a World Series since 1948. Nobody wants Chinese products, but Amazon and Walmart keep forcing them down our throats. If people start thinking about how foolish it is to buy perishable indurable cheap ass Chinese junk, then game over. If it doesn’t say Made in the USA out of 100% USA components, materials, ingredients, you’re wasting your time and money and your well being.

        Liked by 1 person

  27. meadowlarkspring says:

    Liked by 1 person

  28. jeans2nd says:

    The Soviet Union lasted 70 years.
    North Korea has lasted for a few months longer than 70 years.
    China’s 70 year anniversary is 1 Oct 2019.
    To borrow Steve Bannon’s line – Time’s Up.

    Like

  29. J Gottfred says:

    I so admire T’s chutzpah in dealing with China. Everyday into his administration it becomes so apparent how up for the challenge he is and how inadequate the “other” party is.

    Liked by 1 person

  30. ezgoer says:

    China is willing to suffer until the 2020 U.S. election and hope that Trump loses. Then Dems will quickly rescind the tariffs — and China can get everything they want and need to bury the USA. They will only make a trade deal if Trump wins re-election.

    Like

  31. ATheoK says:

    “What is happening today is not as much direct devaluation by China; rather they are intentionally allowing their currency to drop in value, in an effort to lower export prices and off-set any tariffs from the U.S. Simultaneously, Beijing is spending internally, burning cash, to keep their economy from weakening. Their Yuan burn rate is greater than the influx of higher valued dollars needed to hold their position.”

    That is a very short term strategy. When it is a reasonable expectation that the need to drop currency value and subsidize production if going to be short term.
    That is; Kerry filled Chinese ears with what they wanted to hear.

    It is a horrendous long term strategy.
    When their supply of dollars drops precipitously, China is left with a devalued Yuan, production dependent upon subsidies and customers expecting cheap products. In other words, China wastes what they need to buck up their currency value.

    Especially when China is dependent upon imports to enable their exports.
    China’s current plan to minimize customer impact from tariffs is a very slippery slope back to low living standards and millions starving.

    Keep in mind, China has been funding development and construction globally by using their wealth of dollars to keep loans affordable for many countries. Especially countries where China is trying to establish employment centers and/or military bases.
    China does not provide financial statements Western countries can trust; but very large projects in a number of countries required many billions of American dollars.

    As stated in the article, China is burning cash. President Trump may succeed with China as Reagan did with the USSR.

    Like

    • Bill says:

      Ladies and gentlemen, we are in a hot war with China. The weapons have changed, but the national and international implications have not. Trump has planned this out for years. Every step he has made from the get-go was leading up to this point. Buckle up!

      Like

  32. Thomas Holsinger says:

    Interesting. President Trump has triggered the Chinese goverment into drawing American public attention to Chinese control of North Korea, and thereby convincing the American people that China and North Korea are one and the same. This is an unexpected use of a familar Trump tactic.

    President Obama did about the same thing with the successful raid on Osama bin Laden in Abbottabad, “1,300 metres (0.8 mi) southwest of the Pakistan Military Academy”. That not-a-coincidence destroyed the fiction that Pakistan was our friend in the war on terror.

    Liked by 1 person

  33. dufrst says:

    As Sundance as said, the USMCA is the big deal that will allow the US to win the trade war against China. Not too mention forthcoming trade agreements with Japan and UK.

    Right now we are in a big power competition with EU and China and militarily with Russia to an extent. Both China and EU see themselves as rightful superpowers meant to supplant the US and have used trade with US to enrich themselves to that effect.

    President Trump has put the brakes to that and has essentially declared the US to be the lone and rightful superpower of the world. There will be no other superpower but the United States! The other so-called powers derive their existence and strength from us. How dare they even think they could try to bring us down?

    So Brexit happened and that has rocked Europe. Trump’s demands on NATO have rocked them. Trump’s sanctions on Iran and his threats to impose major tariffs on autos have rocked them. There is no future in which the EU will surpass the US as it seemed it could before Trump.

    China was growing at double digit growth rates. It had a massive trade surplus with the US. It was engaged in spreading its influence on a global level with the Belt and Road initiative (BRI). But Trump immediately began negotiating with China concerning their trade deficit. This then morphed into a discussion about North Korea, islands in the South China Sea, intellectual property theft, force transfers of technology, espionage, fentanyl, and now nuclear arms! Trump has forced a major confrontation with China on all fronts and the results are coming in. Unrest in Hong Kong, Chinese currency devaluations, and a relationship with Kim Jong Un.

    What we are witnessing is something we will perhaps never ever see in our lifetimes! You would have to go back to people like McKinley, Jefferson, and other amazing past president to find one who was as ambitious and strong on the global stage as Donald J. Trump is now!

    Going back to China. Japan had to be brought to heel in WW2 after it believed it could take us. It watched as we systematically destroyed their Navy, Air Force, took away their overseas conquests, and fire bombed their cities. Yet despite all of that, they remain steadfast in defiance until we unleashed two atomic bombs AND expressed the will and determination to continue to drop atomic bombs until they unconditionally surrendered!

    Trump is a throwback to that old American grit and strength and China better understand that we will devastate them utterly and relentlessly in this trade war until they come to terms. We have a leader who will not back down and will only up the ante. There will only be one superpower. Trump intends that to be US!

    Liked by 2 people

  34. jello333 says:

    Hang in there, Un. We know what’s going on, and nobody’s gonna blame you for this… well, nobody that matters anyway. Just keep in mind that you’ve gained the trust and friendship of a guy named Donald Trump. So if you have to humor Xi for a little while longer, by pretending his puppet strings aren’t about to break, Trump will understand.

    Liked by 2 people

  35. Susan says:

    I was thinking last night about how much China already “owns” us in the sense that their Wall Street minions threw a tantrum yesterday in a clear attempt to scare us off the tariffs by pulling the strings on our stock values. This proves to me that since Clinton we have been been losing this “war.” Thank God for President Trump.

    Like

  36. AnnieII says:

    Thank you Sundance, for this incredible website. My knowledge has been greatly enhanced from all of the great “Treepers” here. I especially appreciate “Dufrst’s post above for summarizing everything in today’s article. Excellent! Thank you.

    Like

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