The RESTART

[J. Visiting]

The major glitch holding up the launch of the restart is knowing
what the exchange rate is going to be between China and the USA.

It is the trade war problem. If the dollar opens at 3 to the yuan, then
it will change the picture for all the Asian countries. Australia too.
Maybe the Aussies will really treasure the China trade.

So that is the problem. Every country will have to do a DIY approach
to the restart, and for that they need to know what the exchange rates are.

[Doc67]

The major glitch holding up the launch of the restart is knowing
what the exchange rate is going to be between China and the USA.

It is the trade war problem. If the dollar opens at 3 to the yuan, then
it will change the picture for all the Asian countries. Australia too.
Maybe the Aussies will really treasure the China trade.

So that is the problem. Every country will have to do a DIY approach
to the restart, and for that they need to know what the exchange rates are.

The USD x RMB is at 7. That is 7 RMB to the USD

"If the dollar opens at 3 to the yuan".

I can't see the USD x RMB going from 7 to 0.33 or am I missing something?

[theKid]

The major glitch holding up the launch of the restart is knowing
what the exchange rate is going to be between China and the USA.

It is the trade war problem. If the dollar opens at 3 to the yuan, then
it will change the picture for all the Asian countries. Australia too.
Maybe the Aussies will really treasure the China trade.

So that is the problem. Every country will have to do a DIY approach
to the restart, and for that they need to know what the exchange rates are.

WTF? the exchange rates are what the exchange rates are. Forex trading didn’t stop and the PBC still sets a band for the RMB every day.

[truffledog]

I can't see the USD x RMB going from 7 to 0.33 or am I missing something?

the OP meant 3 Yuan per $ and not 0.33

The Chinese will never allow such a rate (3 yuan per 4) as they are hoarding 3.4 trillions (3400 billions) worth of dollars. And it would make many chinese products UNEXPORTABLE due to high price in foreign currency.

[Doc67]

I can't see the USD x RMB going from 7 to 0.33 or am I missing something?

the OP meant 3 Yuan per $ and not 0.33

The Chinese will never allow such a rate (3 yuan per 4) as they are hoarding 3.4 trillions (3400 billions) worth of dollars. And it would make many chinese products UNEXPORTABLE due to high price in foreign currency.

I can only comment on what he said, although I suspect you are correct.

The Chinese might find their hoard of $3.4 Trillion of treasuries being used by the US Government as collateral against a reparations settlement for the shit they caused. Pay up or get them cancelled, along with all their other foreign currency bonds, their basket of currency reserves aren't just USD.

[J. Visiting]

There was a trade war.

The outcome that america wants is for drugs to be made in america again.
Everything should be made in america again. There is one way to do that
and that is to change the exchange rate. Then Chinese exports are too expensive.
And it is a handy way to default on the foreign debt to China. So launch the disease
and get everyone upset and throw a hissy fit and demand all americans and american
investments return to america and buy from India instead.

China would not launch the disease in their own country, and Iran, and Italy. Someone
else did that and laid the blame on China. This is to attack the Silk Road and the made
in China 2022 plan. Attack china with the virus, and Iran because they were selling oil
to China, and Italy because they were happy to have the Silk Road arriving at their door.

[SternAAlbifrons]

The Chinese might find their hoard of $3.4 Trillion of treasuries being used by the US Government as collateral against a reparations settlement for the shit they caused. Pay up or get them cancelled, along with all their other foreign currency bonds, their basket of currency reserves aren't just USD.

So, the US gets itself into trillions of debt from China to fund their broken basket-case economic system.
Then looks for a way to not pay it back??
Uh uh, that's not the way it works.

There is not an international court, or a court in any land except maybe (maybe) in some places in the USA that would validate a claim for compensation against China for this pandemic.
Sorry fellas, your are tripping if you think this one has legs.

[pczz]

There was a trade war.

The outcome that america wants is for drugs to be made in america again.
Everything should be made in america again. There is one way to do that
and that is to change the exchange rate. Then Chinese exports are too expensive.
And it is a handy way to default on the foreign debt to China. So launch the disease
and get everyone upset and throw a hissy fit and demand all americans and american
investments return to america and buy from India instead.

China would not launch the disease in their own country, and Iran, and Italy. Someone
else did that and laid the blame on China. This is to attack the Silk Road and the made
in China 2022 plan. Attack china with the virus, and Iran because they were selling oil
to China, and Italy because they were happy to have the Silk Road arriving at their door.

America doesnt ned to make any more drugs. they get a steady supply from Columbia and mexico

[Phnom Poon]

some bedtime reading

Resetting the Bomb

Banks are scheduled to earn 1% to 5% to underwrite these loans, which are 100% backed by the government, a nice chunk of essentially risk-free money. If the loans are not forgiven after two months, the compensation becomes 1%. That number was 0.5% originally, but banks had the government over a barrel as the start date approached, and the rate was doubled on Thursday, just before the program opened.

[Phnom Poon]

Airb&b paying more than 10% on $1B financing

so finance is now picking over the bones at a heavy discount
they directly caused the 2008 crisis
they've exacerbated this one by stripping everything to the bone over the last 30 years
and now they stand to profit?

this has nothing to do with class war as someone accused
i'm far from a grimy chimney sweep myself

but financial capitalism is broken