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Where's the MAGA

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posted on Nov, 9 2017 @ 11:45 AM
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I thought during the campaign stump Trump promised to bring back ALL the factories from China with better trade deals. It looks like China won because I haven't heard anything about the Chinese pegging the Yuan to the dollar 6 to 1. The dollar is a unit labor cost. Pegging the Yuan to the dollar 6 to 1 means a CEO gets six Chinese workers for every one American worker. No one person can compete with six Chinese workers.

The CEOs sure love their slave labor. Just goes to show you the swamp is full to the brim and the Corporations ARE the government.


edit on 9-11-2017 by dfnj2015 because: (no reason given)




posted on Nov, 9 2017 @ 11:52 AM
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a reply to: dfnj2015

If only this was a surprise. All that "drain the swamp", "win until you're tired of winning" tripe was just that, and obviously... tripe.

Although this does a disservice to tripe, which is actually a reasonably nutritious food. Nothing nutritious about this administration, sadly.



posted on Nov, 9 2017 @ 11:54 AM
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a reply to: dfnj2015


Look at the 'positive' The Swamp is so full that You can cross to the other side w/out getting wet, just hop on their backs like You're in a 60's Jerry Lewis movie...

I still remember when Herr Drumpf ruined the USFL...

But I think instead of sobbing on My keyboard, I'm going to do something 'positive' I'm thinking of going to Trump's hotel down in South Beach and learn Romanian from the hotel's staff. I mean when One ponders hospitality, don't You immediately think of the warmth of the folks of Romania??



posted on Nov, 9 2017 @ 11:58 AM
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a reply to: dfnj2015

I really want to see Trump succeed with MAGA. But how can a trip to China not include some kind of new trade agreement around Chinese currency manipulation. The United States has truly dropped in power on the World stage.

Without factories producing wealth from raw materials the empire was destined to collapse.



posted on Nov, 9 2017 @ 11:59 AM
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a reply to: dfnj2015
It is not fixed at a solid six. They have also devalued it several times before, which corresponds with Wall Street suffering double digit declines in the weeks following.


It can be difficult to compete with subsidized labor in manufacturing. We subsidize our food, and the world makes the same complaints of us when it comes to the agriculture industry and our low cost tax incentivized exports out competing local markets food. Tit for tat.


At least the NAFTA negotiations are coming along.



posted on Nov, 9 2017 @ 12:00 PM
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a reply to: worldstarcountry

What has been the range the last 10 years? Round up to the nearest whole number and it's fixed.



posted on Nov, 9 2017 @ 12:02 PM
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a reply to: worldstarcountry

We subsidize our food. But without factories producing long term wealth for this country we will simply not have the tax base needed to support all the military spending we so desperately need. Given that China has the largest military in the World, the Chinese pegging the Yuan to the dollar seems like a national security crisis to me.


edit on 9-11-2017 by dfnj2015 because: (no reason given)



posted on Nov, 9 2017 @ 12:06 PM
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Not here:

Carrier plans final layoffs at plant Trump vowed to protect



Carrier, which struck a deal with President Trump last year to keep jobs at its Indianapolis plant, is readying itself for a final round of layoffs at the facility.

More than 200 additional employees will lose their jobs in January, Fox News reported.

Robert James, the president of the union that represents plant workers, said employees "just don't have any faith in this plant staying in Indianapolis."

Link



You CANT go "back" to how things WERE. You can only go forward, people.

MAGA? Stupidest buzzword ever.

FAIL!



posted on Nov, 9 2017 @ 12:07 PM
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a reply to: DanteGaland

BS. Of course you can go back. Pegging the Yuan makes US labor untouchable.



posted on Nov, 9 2017 @ 12:08 PM
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a reply to: dfnj2015
That's not how currency exchange works though. There is no rounding out. A change as small as a nickel can have effects that ripple through the market. It is currently 6.64. If you want to round up then it sits at 7. I tell you right now though, if it jumped to seven tomorrow night, your 401k would be hurting after a couple days if you did not make any adjustments.

a .36 cent decrease in the value of the yuan to the dollar would hurt the stock market considerably for a few weeks. This OP/Ed goes a bit into the handful of times this has happened in the last few years and the subsequent ramifications of having it done so quickly.

When we are talking currency exchange rates, pennies matter.



posted on Nov, 9 2017 @ 12:10 PM
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a reply to: dfnj2015




Corporations ARE the government.

Ding ding ding



To be fair: Its to early to really crucify trump , since the GOP and the DNC have infiltrated the system for numerous decades.

However curiosity and hope is getting the better of me with the arrest of the SA princes




edit on 141130America/ChicagoThu, 09 Nov 2017 12:14:36 -0600000000p3042 by interupt42 because: (no reason given)



posted on Nov, 9 2017 @ 12:10 PM
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a reply to: worldstarcountry

That is not the way manufacturing works. I've done lots of purchasing from China. You have no idea what you are talking about. You simply cannot manufacture anything in the US because the Chinese are pegging the Yuan to the dollar.

We could pay off the national debt, solve every social problem in the country, and still Chinese labor would beat out US labor.


edit on 9-11-2017 by dfnj2015 because: (no reason given)



posted on Nov, 9 2017 @ 12:14 PM
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a reply to: dfnj2015

Buying on Aliexpress does not a big-shot importer/exporter make :-D LOL

I order on Fasttech.com (AKA SLOWtech) now and then. I don't consider myself super knowledgeable about purchasing.

Are you a C.P.M?

Oh...gotta order BEFORE Chinese Newyear...Amirite? LOL LOL



posted on Nov, 9 2017 @ 12:16 PM
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originally posted by: dfnj2015
a reply to: dfnj2015

I really want to see Trump succeed with MAGA. But how can a trip to China not include some kind of new trade agreement around Chinese currency manipulation. The United States has truly dropped in power on the World stage.

Without factories producing wealth from raw materials the empire was destined to collapse.


1. Did you respond to yourself?

2. I'm not sure that you have a realistic timeline, here. Yes, he went to China, but even if he didn't leave with a signed agreement of some sort does not mean that it can't happen next week, or next month, or next year.

Not everything in life has to be now now now or it won't happen.

But, personally, I don't think that Trump will get China to sign any agreement around currency manipulation, but we'll just have to wait and see.



posted on Nov, 9 2017 @ 12:21 PM
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a reply to: DanteGaland

A big-shot currency trader like yourself would surely understand the difference from consolidated carrior, LCL, and FCL shipments. I've brought containers of goods into this country. You really have no idea what you are talking about.

I've done business with Chinese manufacturers since the late 90s. China is a communist country. Unless you've been there you have no idea what we are dealing with.

Now I believe the Chinese pegging the Yuan 6.0-7.0 to 1 against the dollar (ignore the tenths), has cause the closing of most factories in this country. Now maybe it's not a big deal. Or, maybe the collapse in manufacturing in this country is the worst possible outcome for the United States. Why invade the United States with an army when you can destroy the country with trade. Without factories, where is the tax base going to come from to pay for all the military spending we so desperately need? Factory jobs used to be the best paying jobs. A strong middle class means a strong country.

Why are you so against having a strong country?




edit on 9-11-2017 by dfnj2015 because: (no reason given)



posted on Nov, 9 2017 @ 12:22 PM
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a reply to: dfnj2015
We are arguing two different things then I believe. I was only focused on the value of the currency and the ramifications of devaluing it on our stock market (New York casino) as well as pointing out that mere pennies fluctuation will have effects on the market. I agree with you, devaluing their currency kills our labor, which is probably why it hurts our stock market as well.


How exactly can Trump force them to allow the market to find the true value? I won't lie, it pissed me off a little bit to hear him say "Who can blame a country for taking advantage of another nation to benefit their citizens?" basically to me that line says "sorry guys, there is not much I can do to force them to stop pegging to our currency" . Short of a gun to the head though, I don't have much answer either. We could do tariffs I suppose, but then we would all complain at the super market when our razors, toys, headphones, wireless portable speakers, charging cables and smart phones double in price within a span of weeks.



posted on Nov, 9 2017 @ 12:23 PM
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a reply to: worldstarcountry

Thank you. Sorry I came off so strong. The currency thing (in terms of labor and factories) really bothers me.



posted on Nov, 9 2017 @ 12:29 PM
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a reply to: dfnj2015

If he and the rest of his FAM are still making their products in Ghina, why the hell would anyone believed he is about to bring back manufacturing jobs, and why would other companies do what he said instead of he does...

edit on 9-11-2017 by Spider879 because: (no reason given)



posted on Nov, 9 2017 @ 12:39 PM
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originally posted by: dfnj2015
I thought during the campaign stump Trump promised to bring back ALL the factories from China with better trade deals. It looks like China won because I haven't heard anything about the Chinese pegging the Yuan to the dollar 6 to 1. The dollar is a unit labor cost. Pegging the Yuan to the dollar 6 to 1 means a CEO gets six Chinese workers for every one American worker. No one person can compete with six Chinese workers.

The CEOs sure love their slave labor. Just goes to show you the swamp is full to the brim and the Corporations ARE the government.



Check today's news...He's gone to praising China (while IN China) for taking advantage of us and our current trade agreements. PRAISING THEM! Far cry from the opposite he spoke of them "raping" American trade. Today he took back every word...and now we know for sure...he lied to us. Such are two-faced "representatives" of our country.

Anything to get elected...Two faces, two mouths, two opinions...and I saw my first IMPEACHMENT tv ad today as well. The disdain for being lied to is building in America. Better an average guy with good intentions, than a bad guy with false intentions of things he has no intention of happening as promised.



posted on Nov, 9 2017 @ 12:42 PM
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a reply to: dfnj2015

They import all the Chinese and Indians the Bigs need here in Silicon Valley on temporary visas.

One World



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