In China, fears of financial Iron Curtain as U.S. tensions rise

[Tom Paine 1949]

Infantile fools like Zorro! are not capable of intelligent conversation about serious geo-political issues not only because they are ignorant and inexperienced, but also because they are consumed with false bravado and refuse to recognize basic reality.

There is also the question of integrity. In comment #74 he quoted my link “The yuan has strengthened more than 6% since late May and just closed its best quarter in a dozen years ...” and then ridiculously paraphrased it as "Strongest in a dozen years?" But that is not at all what it said! He then adds characteristically “What a load of Lying Slaver Outlaw China Cheerleader crap” — and provides a completely irrelevant chart.

Zorro! is either obfuscating or doesn’t understand simple economics, as the Reuter‘s reference obviously was to the last quarterly change, discussing only the recent past and projected future. Zorro! seems to think the absolute exchange rate between two currencies by itself somehow indicates relative strength of their economies! He seems to miss completely the fact that China’s industrial capacity (now far surpassing the U.S.) and its GDP (now approximating ours) have advanced enormously over the last 12 years — while the Yuan/Dollar exchange rate overall has remained almost unchanged. How can one have an economic discussion with such a nincompoop?

 

[Zorro!]

Infantile fools like Zorro! are not capable of intelligent conversation about serious geo-political issues not only because they are ignorant and inexperienced, but also because they are consumed with false bravado and refuse to recognize basic reality...

Fake News. You have repeatedly raised the specter of war if the US doesn't bend over for the Lying Outlaws Slavers of Beijing, and we simply will not be intimidated by Pandemic Loosing liars. You then repeatedly raised the specter of a war of aggression against the peaceful warriors of Taiwan, and I pointed out that your invading forces would be destroyed and after this folly, the Lying Outlaw Slavers of Beijing would likely be overthrown in revolution.

... “The yuan has strengthened more than 6% since late May and just closed its best quarter in a dozen years ...”

It's up from the level of Whale-shit, 13.95 cents to 14.68.

The yuan today is worth 14.68 cents.
As recently as March of this year it was worth 14.9 cents.
March 2018 it was worth 15.95 cents.
May 2016 it was worth 16.11 cents.
Jan 2014 it was worth 16.56 cents.

We are supposed to excited because through the summer it rallied from the lower than whale-shit value of 13.95 cents to 14.68 cents?

... the Reuter‘s reference obviously was to the last quarterly change...

This is known, you are the one trying to make a big deal out of it.

... Zorro! seems to think the absolute exchange rate between two currencies by itself somehow indicates relative strength of their economies!...

Not really. It's just the balancing of supply and demand.

... China’s industrial capacity (now far surpassing the U.S.) has advanced enormously over the last 20 years ...

Sure, thanks to Mercantilism. You should have been building your domestic markets instead of over-reliance on foreign markets, that have a choice of whether or not to do business with you. Loosing a pandemic on your best customers is rather poor customer service, and you are damn straight we are moving our supply chains away from the Lying Outlaw Slavers of Beijing, which have proven to be completely untrustworthy. For you to raise the specter of war in response just shows how deluded you are.

The Lying Outlaw Slavers of Beijing would be committing suicide by launching a war of aggression. The Quad would seal your coast like a cork in a bottle. And being a nation that needs access to foreign markets to unload that industrial capacity and to import energy and food, getting your coast blockaded would probably be the end of the line for the tyrants of Beijing.

You could probably survive through overland supply from Russia, but Putin will know he's your only choice and price his assistance accordingly.

You might want to rethink your war threats. It's the lying thieving slaving outlaws of China that loosed a pandemic on their best customers. Damn straight the world is moving it's supply chains out of China, they have proven to be unworthy and untrustworthy business partners.