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The Upcoming Trade War Between The U.S. And China Will Be The Biggest In The History Of The Planet

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Globe At Night - Public DomainThe United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides.  The Trump administration and the Chinese government are both gearing up for a prolonged trade war, and this is going to have very severe implications for the entire global economy.  During the campaign, Donald Trump repeatedly stated that we “can’t continue to allow China to rape our country”, and he was quite correct about that.  Over the past ten years, the U.S. has run a trade deficit of over $2 trillion with China, and as a result of imbalanced trade we have lost tens of thousands of manufacturing businesses, millions of good paying jobs, and hundreds of billions of dollars of tax revenue.

So clearly something needs to be done to balance our trade with China and other countries.  But the situation must also be handled delicately, because trade disruptions could bring substantial short-term economic pain.

Prior to winning the election, Trump threatened to unilaterally impose a 45 percent tariff on Chinese exports.  Unfortunately, China is not just going to sit there and take whatever Trump throws at them.  Every single time the U.S. has imposed tariffs on Chinese goods in the past, China has responded by slapping tariffs on U.S. goods.

And this time around, the Chinese are already preparing a very harsh response even though Trump has not officially made his move yet…

The policy advisers believe the Trump administration is most likely to impose higher tariffs on targeted sectors where China has a big surplus with the United States, such as steel and furniture, or on state-owned firms.

China could respond with actions such as finding alternative suppliers of agriculture products or machinery and manufactured goods, while cutting its exports of consumer staples such as mobile phones or laptops, they said.

Other options include imposing tax or other restrictions on big U.S. firms operating in China, or limiting their access to China’s fast-growing services sector, they added.

When this coming trade war erupts, economic activity will be reduced significantly.  And considering the fact that U.S. economic growth is projected to be about one percent in the first quarter of 2017, that could be more than enough to push us into a deep recession.

Some of the biggest U.S. exports to China include airplanes, autos and agricultural products, and the Chinese are ready to attack on all of those fronts.  The following comes from CNN

Here’s what Global Times, a newspaper backed by the Communist Party, had to say about how Beijing would respond to tariffs of 45%:

“A batch of Boeing orders will be replaced by Airbus,” the paper said Monday. “U.S. auto and iPhone sales in China will suffer a setback, and U.S. soybean and maize imports will be halted.”

But once again, something must be done for the long-term good of our country.  We have been allowing the Chinese to flood our shores with super cheap goods, but meanwhile they have already been hitting our products with ridiculously high tariffs.  Here is just one example

U.S.-made cars exported to China face tariffs of at least 25 percent, including American-made Cadillacs. The American-made Jeep Grand Cherokee costs $27,490 at U.S. dealerships and cost at least $85,000 in China.

What we have with China today is very far from “free trade”, and if they want to trade with us they need to do so on a level playing field.

But China will never allow that to happen.  As Donald Trump has correctly stated, they have been “raping” us for years, and they are going to fight very hard to keep anything from upsetting the status quo.

Trump has got to do something for the long-term good of the U.S. economy, but he has also got to try to find a way to avoid a major trade war, because a major trade war would be exceedingly painful for both countries.

Most Americans don’t realize this, but more iPhones are actually sold in China than in the United States.  And it is being projected that Boeing will sell nearly 7,000 airplanes to China over the next decade…

By the end of 2015, Chinese consumers bought 131 million iPhones. The total sales to U.S. customers during the same period stood at only 110 million. And iPhones are only a small part of U.S. exports. Boeing, which employs 150,000 workers in the U.S., estimates that China will buy some 6,810 airplanes over the next 20 years, and that market alone will be worth more than $1 trillion.

So what happens if all or part of that economic activity goes away?

According to one study, in the short-term millions of U.S. jobs could potentially be at risk if a major trade war happens…

“Millions of American jobs that appear unconnected to international trade—disproportionately lower-skilled and lower-wage jobs—would be at risk,” according to the PIIE study.

And of course a major trade war would hit American consumers very hard as well.

Just think about it.  When you go into a Wal-Mart or a dollar store, are more of the products made in the United States or in China?

A trade war would hit all of us in the wallet as the cost of living goes up.  And considering the fact that about two-thirds of the country is essentially living paycheck to paycheck, that would not be a good thing.

So yes, our trading relationship with China definitely needs to be rebalanced, but Trump needs to find a way to make this transition as minimally disruptive as possible.

A major trade war is just one of the “black swans” that could push us into the kind of economic nightmare scenario that I have been warning about for a very long time.  And sometimes a trade war can serve as a prelude to a real war.  The South China Sea has become a major sticking point between the U.S. and China, and the Chinese are getting ready to cross one of the “red lines” that Barack Obama established while he was still in office…

Beijing has plans to start construction on the disputed Scarborough Shoal this year.

China has reclaimed land in both the Spratly and Paracel Islands and constructed military outposts, but it has been hesitant to start construction on the Scarborough Shoal. Xiao Jie, the mayor of Sansha — an administrative base for China’s South China Sea activities masquerading as a city — said this week that China intends to construct environmental monitoring stations on a number of territories in the South China Sea, including the Scarborough Shoal.

So how will Trump respond when construction on Scarborough Shoal actually begins?

It will be very interesting to watch how that plays out.

The relationship between the United States and China was starting to deteriorate badly even before Donald Trump was elected, and it is very easy to see how it could totally break down in the months ahead.

And considering how interconnected the global economy is today, the United States and China could easily end up dragging down everyone else along with them.

 
  • chinese crap

    Chinese crap ain’t cheap,they would be if they lasted longer than a week,walmart,lowes dollar crap, etc,whatever I buy I get 2 (3) and hope ONE works,that’s the real reason the trade deficit soaring,they raise prices while cutting what little QC exist,they don’t care just shove the crap down the gringos throat

    • socalbeachdude

      What obviously and utterly false nonsense. Most Chinese goods are BEST IN CLASS and include products such as HP computers, Apple computers and phones, and a whole array of other high quality products. You simply do not understanding Chinese goods at all nor the fact that much of Chinese production is done by American companies operating in China to take advantage of much lower wages than the USA.

      • Dean

        You’re lucky they got slave labor people to work for pennies on the dollar and have suicide nets around their factories to make all your quality products “Rich Boy”!

        • socalbeachdude

          Workers in China are paid VERY GOOD WAGES for the work they do. In fact, they are so high overall, that a number of companies are looking elsewhere to find cheaper sources of labor which is a major problem that China is now facing. One of the biggest answers to that problem is the use of robotics for most manufacturing so that people can be replaced nearly entirely.

          • CASTIEL

            AHAHAHHAHAHAHAHHAHAHAH…………….then go work for China you miserable dumb………If stupidity had a statue it would be your ugly head……

          • socalbeachdude

            I would suggest you start getting a clue.

      • Dont Mention The War

        Stop shouting, it makes you look like a moron.

  • Cinderella Man

    Fair trade not free trade. I’m glad we have a leader that will stand up to these commies. Obama and lil Bush were happy to sell out our country’s future to these scumbags. Cheap junk is the price we paid with our souls. And in other news NWO scum David Rockerfeller is dead…one down two to go. Soros and Rothschild you’re next.

    • socalbeachdude

      There is very little that Donald Trump can do regarding tariffs on Chinese goods without triggering a trade war with full retaliatory tariffs.

      • Cinderella Man

        Why are you even responding to me twaat? I didn’t ask for your opinion or rebuttal. You’re so stupid you think cattle price is related to the costs of rasing the animal. This is coming from a guy who thinks govt subsidies should end for farmers. Without subsidies there wouldn’t be your surpluses in grains. As per usual you always have to insert yourself into everyone’s conversation like a child and have nothing relevant or intelligent to add to it. I also like how you and your other screen handle snodtblossom never dispute me that you are the same troll.

        • socalbeachdude

          Why are you so rude, uncouth, and so utterly ignorant?

          As to commodities such as cattle prices, those are set by the commodities markets in the cattle futures markets which are based on 1) supply, 2) demand, and 3) speculation. If you are a high cost producer relative to market prices then you are a MARGINAL producer who will not be in business for very long.

          Once again, ALL AGRICULTURAL SUBSIDIES FROM THE US GOVERNMENT NEED TO BE TOTALLY AND COMPLETELY ELIMINATED as that is just a waste of US government funds.

          • Cinderella Man

            Good then starve to death in your city I could care less

          • Cinderella Man

            And it’s not just me it’s every farmer and rancher tardo

  • El mico

    How is it China’s fault that people like to waste their money on cheap, shiny useless crap.
    It’s so called American companies that import this crap, China isn’t just randomly sending it over in the hope it will end up in a retail outlet.
    Society measures you buy the crap you accumulate. Its this attitude that has to change before anything gets better. Stop buying 10 cheap items from China and get one good version, made in the states, that will last you years not days.

    Materialism is the drug and capitalism is the syringe that delivers it.

    • Ricardo

      Actually I have discovered that there are different levels of quality that are sent from China. Let me explain. I come from New Zealand and the Chinese stuff at the Warehouse (NZ version of Walmart) I initially thought was crap but when I went to the Philippines I found the Chinese goods there were REAL crap. Really cheap and don’t even last more than a day. Then I come to Thailand and I find some Chinese stuff to be quite good quality. But here is the clincher. A friend of the family in New Zealand used to have students from the middle east (who had gone to New Zealand to study) boarding at their house and one student who went back home left behind bath towels and other items all of really high quality (which they had brought with them from their home land) but with made in China labels.
      After those experiences I realised that what China offers is what you are prepared to spend. If you don’t have much money you get the crap from factory D. If you have top dollar you get the goods from factory A and other money equals other factories in between.
      That is my take on it anyway. The Chinese are not stupid.

    • Capitalist

      Many American goods are of low quality; they are fit for plebeians and no one else. For example, new American cars are overpriced, more so than even higher priced luxury vehicles such as Lexus, Bentley, Ferrari, etc. Honda and Toyota are also reasonable for the price. Part of the reason is workers’ unions, which force companies to pay low skilled manufacturers >USD $40/hour.

      It is indeed absurd; why purchase a new Chevrolet when one can purchase a superior certified pre owned car from Germany or Japan?

      Also, your comment on capitalism is made my day–I always enjoy disproving socialists with an intelligence quotient of <80. Economic nationalism (only buying x country's product because I live there) is evil and should ridiculed as false and detrimental.

  • CASTIEL

    The problem is if this economical war will lead to a military conflict….Their crappy products created by their own people who works 12 hours a day for a miserable pay, are destroying other economies……and they will not stop, I believe China is the worse enemy of mankind,….after all they are supporters of the guy with a funny haircut in North Korea…..

    • El mico

      China is just reacting to the market.
      It’s simple supply vs demand, as long as you demand cheap crap they will continue to make and profit from it.

      • CASTIEL

        That changed when they started to bully Vietnam and other countries, and the problem in South China sea shows their true nature…..In my opinion they are just cockroaches who destroys everything they touch…..

        • socalbeachdude

          That sort of nonsense would be your opinion, but is obviously totally false.

          • CASTIEL

            The only 100 % true is you being a idiot……I hope you die from cancer…..

          • socalbeachdude

            What I have stated is 100% true, accurate, and correct and I would suggest you adjust your extremely bad attitude and start dealing with the actual facts.

          • CASTIEL

            Go f#ck yourself……..and i hope a missile hits you in the as# with 100 % of accuracy……

          • socalbeachdude

            What a sad, pitiful, and uncouth little person you must be based on such a comment.

          • CASTIEL

            I m not the one upvoting is own crap, and creating spam in this site……

          • socalbeachdude

            All of my comments are quite excellent, not to mention quite enlightening!

          • CASTIEL

            Sure…….they will give you the prize nobel of stupidity……You deserve it!!!!

          • socalbeachdude

            What are you so ignorant and hateful?

          • Cinderella Man

            Maybe because you’re piece of schitt

          • Spatial Memory

            ROFL

          • Cinderella Man

            Not even snodtbeachdude your articles are mundane regurgitated garbage and nobody cares what you think..you’re a flake that talks out of both sides of your mouth and takes no stand on issues. You’re an idiot paid troll plain and simple

          • socalbeachdude

            Absolutely false and very stupid assertions once again from you.

          • Cinderella Man

            Absolutely true and I’m way smarter than you

          • Dean

            At least your comments aren’t being sent to moderation. Fed shill dude has me pinned down.

        • El mico

          Almost sounds like you just described the USA!

          • CASTIEL

            I understand your point…..but they are more evil…..

          • El mico

            Like Dr. Evil?

            Bwaaaa haa haa haaaaaaaa
            Bwaaaa haa haa haaaaaaaa
            Bwaaaa haa haa haaaaaaaa
            And so on…………

          • CASTIEL

            lol 🙂 well….when i saw a video where they just ran over a babye with their junks cars in the street….and carry on just to make more money….believe me they are crap……and i worked for one….

          • El mico

            When you live a life of poverty and oppression the value of life is much decreased.

          • CASTIEL

            Wrong………poverty or opression its not the excuse of not doing the right thing…..I know poor people with a rich heart……Those chinks are just animals…..

      • socalbeachdude

        The goods from China are among the very best in the world in consumer products.

        • CASTIEL

          You say that because you dont have money to buy proper goods, and you help to the destrutction of your own country…..Congratulations!!!!

          • socalbeachdude

            What utterly false nonsense. What are “proper goods,” anyway? I mostly buy 100+ year old goods which are generally referred to as “antiques,” rather than new electronic items, but all of the VERY BEST NEW ELECTRONIC ITEMS ARE ALL MADE IN CHINA, MALAYSIA, KOREA, VIETNAM, and other countries.

          • CASTIEL

            Buy a chinese car then…….:) the best electronics are made in China????

          • socalbeachdude

            Cars will be coming into the US soon from China to the USA and they are working on some truly superb electric vehicles such as Faraday and a number of other fine vehicles.

            Faraday Future FF 91 electric car to cost almost $300,000

            http://www.greencarreports.com/news/1108401_faraday-future-ff-91-electric-car-to-cost-almost-300000

          • CASTIEL

            I prefer BMWS….for 10 thousand i buy a M3 e 36..you go ahead and buy that junk for 300 thousand maybe you hit a truck when the brakes fail…..:)

          • socalbeachdude

            I am a major fan of BMW motor cars and the BMW Rolls-Royce motor cars, and frankly wouldn’t drive anything other than the Ultimate Driving Machine.

          • Spatial Memory

            If you could afford an Aventador you would – rather than just regurgitation of marketing nonsense you see on TV. Rotflmao

          • socalbeachdude

            That particular VW Lamborghini model is a very dangerous piece of debris and many have caught on fire and they are totally unsuited for civilized transportation and are made by Volkswagen of Germany which is in huge financial trouble due to its massive cheating catastrophe it is still embroiled in resulting in tens of billions of dollars of losses over its diesel emissions.

          • Spatial Memory

            Pikers sure are jealous. Learn to trade. Bulls live in bigger houses. ROFL

          • socalbeachdude

            That VW model is a piece of detritus.

          • Spatial Memory

            Keep telling yourself that. All you can do. ROFL

          • socalbeachdude

            The VW Avantador also doesn’t do very well in crashes, but does look a bit better after a major crash as you can see from the video below!

            New Lamborghini Aventador Crashes Into Bus in China

            https://www.youtube.com/watch?v=C80Ny6kIK80

          • LIZ THE SHIZ

            you mean your skateboard? but obviously you don’t wear a helmet

          • socalbeachdude

            Another brainless comment from you, I see.

    • socalbeachdude

      Nearly all of the products made in China are of excellent quality and many are made by US companies operating in China including Apple, Skechers, HP, IBM, GM, and many others.

      • CASTIEL

        Are you f#cking Kidding me? I worked for a company that was a front……do you understand? They operated in France as a French company but the people behind were chinks, and their products were crap…shoes that will rip apart after a week of use……Shut up idiot, you think just because you google crap in the internet you came here posting sh#t like a Einstein?

        • socalbeachdude

          Your racism as evidenced in that comment is just beyond appalling, stupid, and clueless.

          • Dean

            You’re one to talk especially regarding your comments about poor people. You stupid Federal Reserve shill Richie Rich boy!

          • socalbeachdude

            Huh? There are more than 7.5 billion people in the world and most of them will always be poor as that is simply their destiny. The Federal Reserve is a superb and excellent central bank and has done a wonderful job for the past 100+ years in America.

          • CASTIEL

            Tell me what do you smoke: Marijuana, meth, Cannabis? Must be powerful to screw your mind, or you just born that way? Your mother must be so proud of you…….Better a abortion today than a socalbeachdude tomorrow……

          • socalbeachdude

            Like Donald Trump, I don’t do any sort of drugs at all.

          • CASTIEL

            Then your problem is more severe than I thought…….

          • socalbeachdude

            Nope, but YOURS sure is.

          • Cinderella Man

            Lol good one brother

          • Cinderella Man

            The only money snodtbeachdude makes is collecting money from it’s COINTELPRO masters

          • CASTIEL

            You piece of crap….You are a globalist, a left retard and a f#cking moron….Thanks to people like you, we live in this decaying world……

          • socalbeachdude

            You are obviously very clueless when it comes to global economic issues and I would suggest you learn about them, particularly in regards to China.

          • Spatial Memory

            Put down that mirror.

        • juanisaac

          Buy local then.

  • socalbeachdude

    China’s economy is only about half the size of the US economy and the amount of US exports only lags slightly behind that of China. The big problem with China’s economy is that it is ALL BUILT ON RECENT DEBT with the PBOC (People’s Bank Of China) increasing the money supply by more than $30 trillion over the past 10 years from only around $3 trillion and their entire credit / debt structure are now collapsing in China.

    That has huge implications for the renminbi (RMB / yuan) for which the value has largely been pegged to the value of the US dollar with very minimal float and on whose back the whole Chinese “economic miracle” has been built. As to renminbi collapses against the US dollar that will exacerbate the trade problem making Chinese goods even cheaper than they are now.

    • Spatial Memory

      ROFL

      • socalbeachdude

        Your utter ignorance of the currency situation in China is beyond mind boggling.

    • Spatial Memory

      Meanwhile here on earth, China maintains both current account and trade surpluses- something USA can only wish and dream about. Educate yourself. Your comments are a ludicrous waste of bandwidth and certainly not beneficial to anyone whatsoever.

      • socalbeachdude

        Thank you for describing your clueless and useless comments so very perfectly!

        • Spatial Memory

          Seems to be consensus not only in comments but your absurd hunches and guesses are clearly REJECTED by markets price action consistently.

          • socalbeachdude

            Obviously not. You don’t even appear to be aware that there are more than 6,300 stocks listed on the US exchanges and less than 630 stocks are even on the 3 major indices as a number of those index stocks are duplicatively listed on multiple indices in the US. The broad stock markets in the US are headed down and the bond markets have been plunging in the US since last July. The bond market is nearly DOUBLE THE SIZE of the stock markets. Start paying attention, and stop being so clueless.

        • Cinderella Man

          No it’s yours for sure. You spout nothing but mindless drivel snodtbeachdude

  • socalbeachdude

    EPICENTER OF GLOBAL FINANCIAL COLLAPSE IS CHINA

    China’s currency is set to tumble — and it’s not even Trump’s fault

    Jitters over China’s currency, which haunted markets in early 2016, are back — and it’s not just because of Donald Trump.

    The yuan will decline in 2017 for a fourth straight year as authorities tap into the central bank’s $2.998 trillion of foreign reserves to recapitalize an ailing banking system, according to a top expert on the country’s economy.

    Using the reserves to address banks’ troubled loans would leave less firepower for the central bank to intervene in currency markets and prevent a steeper slide in the yuan, said Diana Choyleva, chief economist at Enodo Economics in London, who has been covering China for 16 years and wrote a book on the country in 2011.

    Such a depreciation would likely rattle global markets: In early 2016, investor anxiety about a possible yuan devaluation sent the Standard & Poor’s 500 Index down 5.1% in a single month. Since mid-2014, China has burned through almost $1 trillion of its reserves to keep the currency from falling faster. Last month, they fell below the psychologically important threshold of $3 trillion for the first time in almost five years.

    “The big difference between 2017 and 2016 is that there’ll be a lot more policy action and as a result a lot more volatility, affecting not only China’s own markets but having a global impact,” Choyleva said in an interview. “The worry about China debt will come back in force, and that is just likely to raise risk aversion.”

    http://finance.yahoo.com/news/chinas-currency-set-tumble-not-144400075.html

  • socalbeachdude

    Victory for Trump as the G20 DROPS its pledge to fight against economic protectionism at key summit in Germany

    World financial leaders from the G20 summit dropped its long-standing pledge of open and free trade amid pushback from President Donald Trump.

    http://www.dailymail.co.uk/news/article-4327944/Victory-Trump-G20-drops-free-trade-pledge.html

  • socalbeachdude

    Globalism has brought massive benefits to populations around the world who are enjoying high quality goods manufactured in the most cost-effective places in the world at much lower costs than would be the case if they were to be manufactured in local countries, and those tremendous benefits are also reflected in commodities prices and the huge selection of good products from all around the world.

    • Spatial Memory

      Another ludicrous panglossian comment. Whodathunk. Rotflmao

      • socalbeachdude

        Obviously what I stated is 100% correct.

        • Cinderella Man

          Notice how snodt and socal are never on at the same time and one will troll more than the other on certain articles

          • JC Teecher

            Yep. Paid trolls?

          • socalbeachdude

            Nope, not in the least.

          • socalbeachdude

            What utter nonsense and totally untrue.

          • Cinderella Man

            Totally true you’re just mad we’re on to you

          • socalbeachdude

            Your are plum crazy with that bogus notion.

        • Rick

          No it’s not actually. You are confusing “globalism” with “a global economy”. Globalism is a very evil thing.

          • socalbeachdude

            And just how do you pejoratively define the word “globalism?”

          • Mike Smithy

            It has been well known and documented for decades that the push for globalism is a deliberate and focused effort on the part of a select “elite;” international financiers, central bankers, political leaders and the numerous members of exclusive think tanks.

            The people behind the effort to enforce globalism are tied together by a particular ideology, perhaps even a cult-like religion, in which they envision a world order as described in Plato’s Republic. They believe that they are “chosen” either by fate, destiny or genetics to rule as philosopher kings over the rest of us. They believe that they are the wisest and most capable that humanity has to offer, and that through evolutionary means, they can create chaos and order out of thin air and mold society at will.

            This mentality is evident in the systems that they build and exploit. For example, central banking in general is nothing more than a mechanism for driving nations into debt, currency devaluation, and ultimately, enslavement through widespread economic extortion. The end game for central banks is, I believe, the triggering of historic financial crisis, which can then be used by the elites as leverage to promote complete global centralization as the only viable solution.

          • socalbeachdude

            Known by whom? The entire world has ENORMOUSLY BENEFITED as a result of GLOBALISM including the United States and the American people. We live in a GLOBAL ECONOMY and will continue to do so under the leadership of Donald Trump as President.

  • socalbeachdude

    China economy forecast 2017 signals potential collapse – Lombardi Letter

    The China economy forecast 2017 might be the first to signal a slowdown in over a decade. China, which recorded almost 15% gross domestic product (GDP) growth in 2007, is heading toward a GDP level last seen in the 1990s. That was before it joined the World Trade Organization (WTO). China must make do with 2017 growth estimates of 6.5%.

    There’s little China can do to change that. Faced with the protectionism of Donald Trump’s America, further devaluing China’s currency, the yuan, might make matters worse. Such a move would not alter the China economy forecast for 2017. It could make matters worse, playing into Trump’s insinuations that China manipulates its currency.

    https://www.lombardiletter.com/china-economy-forecast-2017/7196/

    • Spatial Memory

      Rotflmao

      • aldownunder

        All this rolling around you do I hope your not reading these comments in the men’s room anywhere

        • LIZ THE SHIZ

          wide stance , pass the toilet paper wink wink

      • socalbeachdude

        Are you seriously that dumb and ignorant?

        • Cinderella Man

          No but you are

          • Realist

            Such brilliance! What thoughtful, original content. Such wit & wisdom should not go unnoted. This place is so uplifted by your many illustrious comments.

          • Cinderella Man

            Better than yours…what you snodtbeachdude’s lover?

          • Realist

            No, just a guy who likes good information. I don’t read all his links, but they are informative, that’s all. Are you Liz the Shiz’s lover?

          • socalbeachdude

            Hardly, but that sure describes YOU. Sad.

    • LIZ THE SHIZ

      I think socal should change its name to TWO VOTES, vote now if you agree

      • Realist

        At least he’s contributes things that are informational.

        All you contribute is soul-rot.

        • LIZ THE SHIZ

          Realist, it seems we found another personality from the snodtsocal collection

          • Realist

            Incorrect. I care not at all for snod’s posts. I don’t care much for mine either. I’m just tired of you all turning this blog into a slimefest. And now the slime’s on me too. Yuck! How about a truce?

          • Cinderella Man

            Never until that troll turd rat leaves I will attack relentlessly and if you wanna step to this you’ll get it too snowflake

          • socalbeachdude

            Only proving you are an ignorant fool who sticks its head in the sand like an ostrich.

          • Cinderella Man

            Fool? At least I don’t upvote myself

          • Realist

            Your uplifting spirit is an inspiration to us all.

          • LIZ THE SHIZ

            too late after Gawker we had to go somewhere , but please explain to us the many warning signs of multiple personality disorder

          • Realist

            According to King crimson –

            Cat’s foot, iron claw
            Neuro-surgeons scream for more
            At paranoia’s poison door
            Twenty-first century schizoid man

            Blood rack, barbed wire
            Politician’s funeral pyre
            Innocents raped with napalm fire
            Twenty-first century schizoid man

            Death seed, blind man’s greed
            Poets starving, children bleed
            Nothing he’s got he really needs
            Twenty-first century schizoid man

          • LIZ THE SHIZ

            WOW, somebody’s stuck in the 1970’s , looks like a major acid flashback and you can’t call Dr. Timothy Leary for help

          • Realist

            Sorry, that was a little deep for you.

          • Realist

            Paranoia, delusion, going trick or treating with multiple masks in your bag to get more candy.

          • socalbeachdude

            Laughably false.

      • socalbeachdude

        When have you ever contributed any comment that is useful, interesting, helpful, or informative?

  • Orac4Prez

    China could put massive fees on US denominated contracts, to assist pushing Yuan as a trading currency and limit transfers of US currency out of the country US currency clearance procedures could be relocated to a secondary city – say in Outer Mongolia.

    • socalbeachdude

      That wouldn’t help with the value of the renminbi (RMB / yuan) at all. It’s key problem is that China has created more than $30 TRILLION RENMINBI (pegged largely to the US dollar) over the past 10 years increasing their money supply to around $34 trillion renminbi from around $3 trillion renminbi and the fact is that the renminbi is ESSENTIALLY WORTHLESS when that fact is taken into full consideration. During the same time, the money supply in the US – which has an economy nearly twice the size of China – has been limited to an increase from only around $5 trillion from around $8 trillion to around $13 trillion.

      • Spatial Memory

        More ludicrously mypoic misconceptions.

        • socalbeachdude

          Only to very stupid and ludicrously myopic and clueless folks like YOU!

  • Orac4Prez

    Of course, China has wonderful missile silo’s on the Spratley islands. But the press has it all wrong! We all know its so they deploy aid (The payloads are rice – what were you thinking) quickly where it is needed. Its all goodwill. (/SARCASM)

  • Bob332

    Here’s some trade diplomacy for China. You send us one Chinese cookie, we send you one Girl Scout cookie You send two, we send two. You no send , we no send

    • none

      It looks like trolls have attacked again.. Notice how all those reply are highlighted? With put you to sleep replies?

      • Cinderella Man

        And snodtbeachdude upvotes his own comments

        • socalbeachdude

          So what? What business is that of yours?

          • Cinderella Man

            Beacaue you’re a loser who begs for attention

  • William Lutz

    This is one reason why I’m not a Trump supporter. His proposed trade tariffs and restrictions are going to have serious consequences.

    • JC Teecher

      So you do support a leftist liberal agenda that is about killing the middle class, taking away Constitutional rights, and bringing about the one world order?

      • William Lutz

        JC, I don’t support the liberal one world order agenda. I only agree with Michael that the trade war will be halfway provoked by Trump’s trade policies.

  • Spatial Memory

    China and Shanghai Cooperation Organization have utilized the trade imbalance brilliantly in their asymmetric integrated warfare vs USA. Endgame in progress.

    • socalbeachdude

      What utterly clueless stupidity and nonsense.

      • Spatial Memory

        Put your head back in the sand. You’ve been proven clueless beyond any doubt whatsoever long ago. ROFL

        • socalbeachdude

          Not in the least, but YOU certainly have been proven clueless and stupid beyond even the slightest bit of doubt with your utterly inane assertions and comments.

          How China lost $1 trillion – NY Times

          https://www.nytimes.com/interactive/2017/02/07/business/china-bank-foreign-reserves.html?ref=business&_r=1

          • Spatial Memory

            2008 to present= How China Gained $1 Quadrillion plus carry costs through INFINITY.

            Excellent comedy watching neophytes “epiphanies” TWO DECADES after the trajectories became terminal. China and SCO run this planet. Nothing new there since 42s policies.

          • socalbeachdude

            What utterly false and bogus nonsense.

            China Faces Liquidity Test as $151 Billion Set to Exit System

            China will face one of the biggest tests of its campaign to contain corporate leverage next week, with more than $151 billion set to leave the already stretched financial system.

            Some 890 billion yuan ($129 billion) of reverse-repurchase agreements issued before the week-long Lunar New Year break to meet seasonal demand will start coming due from Monday. Add that to the 151.5 billion yuan of maturing loans to commercial banks and conditions could be tight if lenders haven’t hoarded enough cash, according to Commerzbank AG.

            https://www.bloomberg.com/news/articles/2017-02-10/china-cash-crunch-test-looms-as-151-billion-set-to-leave-system

        • Realist

          Pull your head out to where the sun shines.

  • Bob332

    Here’s some trade diplomacy for China. You send us one Chinese fortune cookie, we send you one Girl Scout cookie. You send two, we send two. No tickee, no shirtee…got it!

    • LIZ THE SHIZ

      Confuscius say table for 3 that be 5-10 minutes

      • socalbeachdude

        Huh?

  • socalbeachdude

    China’s debt could cause economic disaster ‘worse than 2008’ – Express

    CHINA’S mounting debts are a huge cause for concern and could blow up into a financial crisis worse than 2008, experts have warned.

    The colossal country has seen its GDP to debt ratio soar to eye-watering levels, from 148 per cent at the end of 2007 to around 277 per cent at the end of 2016.

    Fears over China’s slowing economy triggered a huge stock market crash in 2015 and again at the start of last year.

    However, policymakers managed to ease fears with actions to prop up markets and the economy.

    At the end of last year, the Asian economy was growing by a bumper 6.8 per cent.

    But the expansion is being fuelled by spiralling debts.

    And its feared the economy could start to slowdown in the coming months, as actions by officials begins to fade.

    http://www.express.co.uk/finance/city/765847/financial-crash-China-debt-bubble-economic-disaster-2008

    • Priszilla

      There are no experts at express. It’s a tabloid. One of the worst.

      • socalbeachdude

        The UK Express often publishes excellent financial articles and the Daily Mail is the largest circulation publication in the world. This is 2017. Get a clue.

  • socalbeachdude

    China Faces Liquidity Test as $151 Billion Set to Exit System

    China will face one of the biggest tests of its campaign to contain corporate leverage next week, with more than $151 billion set to leave the already stretched financial system.

    Some 890 billion yuan ($129 billion) of reverse-repurchase agreements issued before the week-long Lunar New Year break to meet seasonal demand will start coming due from Monday. Add that to the 151.5 billion yuan of maturing loans to commercial banks and conditions could be tight if lenders haven’t hoarded enough cash, according to Commerzbank AG.

    https://www.bloomberg.com/news/articles/2017-02-10/china-cash-crunch-test-looms-as-151-billion-set-to-leave-system

  • socalbeachdude

    China posts worst export fall since 2009 as fears of U.S. trade war loom

    China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.

    In one week, China’s leaders will see if President-elect Donald Trump makes good on a campaign pledge to brand Beijing a currency manipulator on his first day in office, and starts to follow up on a threat to slap high tariffs on Chinese goods.

    Even if the Trump administration takes no concrete action immediately, analysts say the specter of deteriorating U.S.-China trade and political ties is likely to weigh on the confidence of exporters and investors worldwide.

    http://www.reuters.com/article/us-china-economy-trade-idUSKBN14X0FD

    • Spatial Memory

      In probability and statistics, the law of large numbers states that as a sample size grows, its mean gets closer to the average of the whole population. In a financial context, the law of large numbers indicates that a large entity that is growing rapidly cannot maintain that growth pace forever.
      Law Of Large Numbers Definition | Investopedia
      Investopedia › terms › lawoflargenumbers

      • socalbeachdude

        And just what does that have to do with anything? The primary use of that concept is in actuarial statistics for insurance companies such as determining the morbidity rate in setting proper medical expense insurance premiums.

    • Cinderella Man

      No one cares

      • Rick

        Amen!

      • Realist

        I care, and you should too.
        This will affect us all.

        It looks like you got in the wrong line
        when they handed out the brains.

        • Cinderella Man

          Realist if you follow snodtbeachdude links you have no brains…in fact you’re about as useful as a azzhole with tastebuds!!! Thank you I’m here all week

          • socalbeachdude

            If you don’t read and comprehend my comments that would indeed largely explain why you are so totally ignorant!

          • Cinderella Man

            No you’re ignorant for posting common knowledge news events over and over and over…what you think mine of us ever heard of CNBC or Bloomberg?? This is coming from the hard who wants to lecture me on cattle prices?? You are the stupidest twaat I’ve ever seen. If the cattle prices go lower year after year but the costs to raise them increase you go deeper into a hole…but oh you googled it so your sooooo much smarter and enlightened than me??? As you do often say laughably false!!

          • socalbeachdude

            I only post highly selected and relevant articles from those and other new sources. As to cattle prices, it is apparent that you don’t understand those very well at all and that you are apparently a marginal high cost producer who needs to get your costs down to be competitive.

          • LIZ THE SHIZ

            try the veal ,it’s to die for

      • socalbeachdude

        Laughably false, and China is the EPICENTER of the currently happening global financial fiasco.

  • socalbeachdude
    • LIZ THE SHIZ

      do you like up voting yourself ? are you insecure , lonely , or do you like playing with yourself ?

      • Cinderella Man

        Lol all the above Liz

      • socalbeachdude

        When are you ever going to post a comment with any substance whatsoever?

        • LIZ THE SHIZ

          when are you going to post anything that has original content , hell, you would cut / copy / paste War and Peace and claim it your own and then give yourself two up votes

          • socalbeachdude

            Huh? More than 80% of my comments are original comments and the other 20% or so are highly on-topic financial and political articles that shed substantial light and perspective on the issues of the article on which they are posted and all are highly substantive. Frankly, I don’t see the slightest bit of any substance in any of your comments. Why is that?

    • FirstGarden

      Ahhhhh, big bamboo stick to kill grassshoppppa.

  • Mark

    Please Mr. Ping and Mr. Putin nuke the Jewnited states into the ground. Hahahaha!!

    • socalbeachdude

      Have you totally lost your mind, dude?

  • Pete Okuhira

    Why is it that so many conservatives in America hates China so much? and why are they anticipating a war with China? if you guys keep this up, then there will be another civil war in the United States. Like an old saying: “What goes around, comes around” so be careful what you guys wish for, Americans.

    • socalbeachdude

      China is a pathetic debt ridden wreckage of a country.

      • Spatial Memory

        Excellent SELF ACTUALIZATION!!

      • Cinderella Man

        Oh wasn’t you just praising their worker’s high wages?? There you go again speaking out of both sides of your mouth again

        • LIZ THE SHIZ

          cut / copy / paste socal journalism , call him 2 votes / VOTE NOW !!

        • socalbeachdude

          Huh? China’s relatively high wages as compared to Malaysia and Vietnam are indeed hurting its economy and China’s massive expansion of money and credit by more than $30 trillion over the past 10 years from less than $3 trillion has indeed created a collapsing debt wreckage. What in any way is inconsistent about those two comments which are both 100% true?

          • Cinderella Man

            You just praised them and criticized China in the same comment thread retard

          • socalbeachdude

            Huh? There are lots of things China can be praised for and criticized for – just like every other country in the world. Hellloo?

    • JC Teecher

      So, by your words, you support a Communistic regime such as China and N. Korea?

      why? Because I presume it is because of your ethnicity.
      Asian?

      If the civil war becomes fully manifest and Patriots take to the streets with arms, you will be taking sides with anti-Americans and muzzies that want the USA to accept their Sharia law over our Constitution?

      I see where you are headed with this, and it does not seem to me that you are wanting to assimilate and be on the winning side. Red blooded patriot Americans will never allow liberals to take them down without a fight.
      Got brass?

  • Pete Okuhira

    Seriously, why are so many conservatives in America hates China so much, just because of the trade issues? I swear, the United States have beef with so many other countries, whether it will be economical, military, sports, or academics. It’s like a repeat of what the conservatives in the United States have done to Japan during the Japanese economic booms of the ’80s. Then the economic boom of Russia and the UAE of the 2000s. So in order for the U.S. to become number 1, they have to trash other countries and spit on their faces. America will go down like the Roman Empire. You reap what you’ve sown. Oh well.

    • socalbeachdude

      Laughably false. China is BY FAR the most egregious money printer in the world and the MOST FINANCIALLY RECKLESS COUNTRY IN THE WORLD and will is the epicenter of the largest crash the world will ever see which is now unfolding throughout China. Despite that unprecedented reckless money printing, China’s economy is still HALF THE SIZE OF THE US ECONOMY and it is drowning in debt throughout all sectors of its economy.

      • Spatial Memory

        In the real world, here on earth, China maintains both a Trade Balance SURPLUS and Current Account SURPLUS. Obviously those SIGNIFICANT financial and economic REALITY was not part of your homeschooling curriculum. Educate yourself rather than continuously EMBARRASSING yourself with INACCURACIES while capital markets PROVE your GUESSWORK HORRENDOUSLY INCORRECT.

        • socalbeachdude

          EPICENTER OF GLOBAL FINANCIAL COLLAPSE IS CHINA

          China’s currency is set to tumble — and it’s not even Trump’s fault

          Jitters over China’s currency, which haunted markets in early 2016, are back — and it’s not just because of Donald Trump.

          The yuan will decline in 2017 for a fourth straight year as authorities tap into the central bank’s $2.998 trillion of foreign reserves to recapitalize an ailing banking system, according to a top expert on the country’s economy.

          Using the reserves to address banks’ troubled loans would leave less firepower for the central bank to intervene in currency markets and prevent a steeper slide in the yuan, said Diana Choyleva, chief economist at Enodo Economics in London, who has been covering China for 16 years and wrote a book on the country in 2011.

          Such a depreciation would likely rattle global markets: In early 2016, investor anxiety about a possible yuan devaluation sent the Standard & Poor’s 500 Index down 5.1% in a single month. Since mid-2014, China has burned through almost $1 trillion of its reserves to keep the currency from falling faster. Last month, they fell below the psychologically important threshold of $3 trillion for the first time in almost five years.

          “The big difference between 2017 and 2016 is that there’ll be a lot more policy action and as a result a lot more volatility, affecting not only China’s own markets but having a global impact,” Choyleva said in an interview. “The worry about China debt will come back in force, and that is just likely to raise risk aversion.”

          http://finance.yahoo.com/news/chinas-currency-set-tumble-not-144400075.html

  • Mark

    Please Mr. Ping and Mr. Putin nuke the Jewnited states into the ground. Hahahaha!!

    • socalbeachdude

      Why such a loathsome and despicable comment showing your hatred of both fine Jewish folks and the USA?

  • Mark

    Please Mr. Ping and Mr. Putin nuke the United States into the ground. Hahahaha!!

    • socalbeachdude

      What utterly hateful nonsense.

  • Dont Mention The War

    “The American-made Jeep Grand Cherokee costs $27,490 at U.S. dealerships and cost at least $85,000 in China.”

    hahaha I would love to see one that cheap here in Switzerland! Top of the range Grand Cherokee SRT8 HEMI goes for $109,000 here.

    Where is the outrage about that????

    • socalbeachdude

      The discrepancies are all due to trade tariffs and very high taxes on vehicles in those countries.

  • Ricardo

    When the comments to this article were at 100 (as I write this) the posts by Socialbeachdude totalled 45 which is a grand total of 45% of the posts were by one person. Hey unsocialbeachdude how about you develop your own website and you can tell us when its online and then we will have the CHOICE of whether we want to read your articles or not. At present as things stand we have no choice because your comments/posts total 45% of all posts.
    If you don’t then that is ok I will just use the block option. That will then make two blocks, snotface and you.

    • Reality

      just block ‘it’ like everyone else does 🙂

    • Cinderella Man

      They’re the same troll

      • socalbeachdude

        Laughably false.

        • Cinderella Man

          Laughably true

          • socalbeachdude

            Why are you trying to push a TOTAL LIE that exists as a reality only in your head? Don’t you realize how much of a fool that makes you look? Really? Seriously?

    • JC Teecher

      Been there, done that; the blocking thing.

      Over three months ago, I blocked the idiots that were making no sense to me an clouding my reading. The newest block is on the idiot atheist..”Carl”.
      I suffer not the words of fools and heathens, but for a very short period, and then I am ….gone, or at least they are.

      • socalbeachdude

        No wonder you are so ignorant when you don’t read the truly great informative comments!

    • socalbeachdude

      You forgot to mention that all of my comments were right on target and absolutely excellent!

  • Priszilla

    Americans are stupid. First they prohibit goods to be sold to China and half the world because they could be useful to Chinese and others. And then they complain that nobody is buying American products.

    • XSANDIEGOCA

      So what is the solution? I say Tariffs. You sell it here. You make it here. Otherwise, you pay. Some say NO! I say Trump was elected on a Nationalist platform and Bernie would have been elected had the Dems allowed him to run. Our problem is that our elites became more enamored with what was cracking in Mexico City and Beijing than Detroit. Trump was their reward.

      • Priszilla

        With tariff you’ll increase the price for people who don’t have money. Under wto rules you might be allowed to increase tariff.
        Another solution might be to spend less on military and invest more in infrastructure.
        publish the tender on the village hall.

        • socalbeachdude

          The USA only spends 16% of the federal budget of $4 trillion on military matters. The USA is running a $1+ trillion a year deficit (shortfall) and has a $20 trillion federal debt and HAS NO MONEY to waste on “infrastructure” issues which, quite frankly, are the responsibility of STATES and not the federal government in most all cases.

          • Priszilla

            You wouldn’t recognise your problem if it jumped right in your face.
            Military spending is pure consumption. You inflate your debt by wasting loans on consumption. Tyat money is never coming back to repay loan and interest.
            To increase wealth you need to invest. E.g. in infrastructure, education, research.
            Now the US has come up with a new plan: everybody has to put their laptop in their unlocked suitcase where homeland security has easy access to copy interesting business data from.

          • socalbeachdude

            I don’t know what country you are from, but the 16% of the US budget spent for military is certainly NOT “pure consumption” at all and you appear to have very little comprehension as to the total US federal government spending. Spending money on so-called “infrastructure” is NOT A FEDERAL GOVERNMENT ISSUE at all in most cases and does not result in any return at all on that spending.

            The US EDYOUKAYSHUNAL system is in its worst shape in the history as a result of fed4eral government spending and interference and the entire Department of Education needs tobe shut down. Any “research” that is valid can and will be done by PRIVATE NON-GOVERNMENT entities and all federal spending in that regards needs to be entirely eliminated.

          • Priszilla

            Military aim is destruction. There is no return except dead and maimed soldiers. So it is by definition consumption of wealth.
            The military left their equipment in iraq for isis to use so the taxpayer could finance them new stuff for the next war against a stronger isis threat.

            Investment in research and education by the taxpayer could mean that students get kindergarten, school, apprenticeship, university paid in full.

            The taxpayer coukd spend money on research for which private companies would never get any profit. For example malaria treatment.
            Rare diseases.
            Weather and climate. Flood protection.
            Impact of californian wildfires on food production via bee population.
            That sort of thing.

        • XSANDIEGOCA

          Whatever works but…. it better work. The Rust Belt is very restless.

          • Priszilla

            Time to remove the rust then?

          • XSANDIEGOCA

            Put the Miners and Steelworkers back to work. Tariffs!

      • socalbeachdude

        Just like the Smoot-Hawley Tariff Act which did absolute WONDERS in the 1930s for trade issues!

        • XSANDIEGOCA

          Ancient History.

          • socalbeachdude

            Not “anchient history” at all, and highly relevant today…

            Smoot–Hawley Tariff Act – Wikipedia

            The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), otherwise known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was an act sponsored by Senator Reed Smoot and Representative Willis C. Hawley and signed into law on June 17, 1930.

            The act raised U.S. tariffs on over 20,000 imported goods. The tariffs under the act were the second-highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828.

            The Act and following retaliatory tariffs by America’s trading partners helped reduce American exports and imports by more than half during the Depression.

            https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

          • XSANDIEGOCA

            That argument does not fly anymore. This is why Trump took the Rust Belt and the Electoral College. Globalization is Globaloney with 1% reaping the wealth. Before the Income Tax, we had Tariffs and we did just fine.

          • socalbeachdude

            Trade is MORE IMPORTANT THAN EVER and in order for the USA to offset its huge and growing trade deficits it needs to great INCREASE EXPORTS. Major drops in exports from the USA would result in the case of any “trade wars” which would be highly deleterious to the trade health of the USA which remains by far the largest single country economy in the world and the second largest export country in the world.

          • XSANDIEGOCA

            The TPP lost in the last Election. Why? because the fruits of Nafta never really materialized for the average worker in America. Yes he had lots of cheap stuff at Walmart but he had not had a real raise (adjusted for inflation) for 40 years. The Average Man had become the Forgotten Man. He sent a reminder to the PTBs this last election. The Reminder’s Name name is Trump.

        • Spatial Memory

          Rotflmao

      • Priszilla

        Elites are the best. Your problem is that your elites are not the best, but the most crooked.

        • socalbeachdude

          How are they in any way “crooked” as a blanket statement such as your assertion?

          • Priszilla

            Trump is putting defence contractors into defence government positions. How is that not crooked?

            The best don’t enter government.
            They do some hacking and go mountain biking.

          • Priszilla

            You can’t become a millionaire by hard work alone. And all your senators and congressmen are millionaires.

            And I don’t believe they all got lucky in the lottery.

        • XSANDIEGOCA

          True. They are the Foxes…

    • socalbeachdude

      The USA is a huge exporter of goods to China and these days practically no goods are prohibited to China except military products and services. The entire IBM PC and mainframe computer operations have been sold to Lenovo in China which is now one of the world’s largest producers of computers of all sizes in China.

      • Priszilla

        I grew up with American embargo against my country. We couldn’t buy CT scanners on the so called free market because they were classified as defence products. All computers and chips were on the embargo list. We had to waste our time with reinventing wheels in practically every industry.

        • socalbeachdude

          And what country would that be? China? The country that got nearly all of its current technology from America?

          • Priszilla

            Somewhere behind the Iron Curtain.
            China has an interesting policy: if you want to sell something in China you have to deliver all construction documents so the product could be checked for safety.

            Now America is picking up. Some middle eastern airports are big hubs for travelling between Europe and China.

            So travellers from these airports have to put their laptops into their suitcases and give the key to homeland security.

          • Priszilla

            No. But China was quite smart. America needed slave labour, and China had a lot of labour.
            So China rented out their population to America and Europe.
            America transferred their factories to China, had them manufacture good for little money and sold them back in America for the previous high price. Making a good profit.
            China made a law that all foreign invested factories were not allowed to sell in China. They all had to export.
            But they weren’t allowed to export by themselves. They had to sell to State-owned import-export companies who paid RMB for the goods.
            The investor had to pay all the cost in RMB, pay all the taxes, and then could transfer part of the profit out of the country.
            The I/E Companies sold the goods for a few dollars to American and European buyers. They added their margin and sold to retailers.

            So the I/E companies acted as goods to dollars transformers.
            The dollars went to the state (which now has about 3 trillion of them) The state printed RMB to pay the factories.

            Normal Chinese aren’t allowed to buy dollars unlimited.
            So they use their rmb to buy real estate, stocks and gold. For example necklaces, bracelets, etc. which are easily transported abroad on vacation trips.
            In addition poor Indonesian domestic helpers in Hong Kong are paid to carry suitcases (full of cash) from China to Hong Kong. If they are caught, they are sent to prison and deported. So they try not to get caught.
            The Chinese investor in Hong Kong then uses that money to reinvest it in China as foreign direct investment, getting a tax break, and permission to transfer profit abroad.

            Whatever technology you want to make in China you have to give them first.

            In key industries you need a Chinese partner (by law). Often that Chinese “partner” is building a copy of your factory nearby, producing the same products for less. Often orders for your factory get paid to the account of your “partner”. While you pay the costs.

            And why? Because American manufacturers want to make huge profits. Without them China would have to develop everything by themselves.

  • XSANDIEGOCA

    I was overweight. High HP. Pre Diabetic. The weight had to go. I lost 40 lbs. It was very hard and very tough but what was the alternative? Stroke? Heart Attack? Diabetes? All of the above? I had to do it. Now, as anyone who has been there can tell you, getting there is one thing, staying there is another. Food issues its Siren Call from every corner of our Society. My Church is running a Sees Candy promotion! Well…that is how it is with America. We were once lithe 160 lb Marathon Runners. Now, we push 350 and wheeze as we stagger from the living room couch to the toilet. Something must be done. Yes it will be painful but in the words of Lincoln the only thing worse than paying a high price is a higher price. Will we remain a free and independent nation or will we be content to be a colony of China? Just asking.

    • SnodtBlossom

      I don’t see what you being a FATSO has to do w/Chinese trade.
      More likely you need to do more time exercising than sitting on this blog pretending to be smart.

      • Cinderella Man

        See? Right on cue…socal attacks in the evening twaat in the morning…just right around the time the meds wear off

        • SnodtBlossom

          GET A JOB DIRTBAG!
          We’re tired of hearing you WHINE

          • Cinderella Man

            We’re meaning snodtbeachdude…why haven’t you called Kevorkian yet? The rest of us are tired of YOU period…

          • socalbeachdude

            What utterly inane and bogus nonsense.

        • LIZ THE SHIZ

          you too can make “big bucks” being a multiple personality troll , just call Soros / Penny a Post .com

    • Black

      Tariffs?

      Every action has an equal and opposite reaction. T Rump hasn’t figured that out yet

      • XSANDIEGOCA

        20 Trillions in Debt?! Neither has anyone else. Let’s try something new.

        • Black

          Debt doesn’t matter. Anyone who thinks the debt will or could be repaid needs to have their head examined

          • socalbeachdude

            DEBT MATTERS ENORMOUSLY as everyone is now rather rudely finding out as the debt comes due!

          • Mike Smithy

            If debt doesn’t matter then why does the government demand that we pay income taxes? They can just print the money to run the government, right?

    • JC Teecher

      All in all, we are a sick nation. We are sickening ourselves, and allowing evil entities such as big Pharma, Monsanto, and greedy corporations, to keep us sick.

      Disease is running rampant and TPTB are telling us we must allow them to “inject/infect” us even more, in order to get benefits of healthcare.

      Throw in all the babyboomer seniors, and boom yea, it is a prescription for senility of a whole segment of society.

      Speaking of senior moments, check this out for a chuckle.

      https://www.youtube.com/embed/Xv1tMioGgXI?rel=0

      • Capitalist

        You must assume that vaccines cause autism, too. Products of the large pharmaceutical companies and GMO companies such as golden rice have saved millions of lives and create a high level of prosperity not only in the U.S., but globally.

        Based on your previous comments, you appear to more selfish than any corporation; can you not at the least tolerate capitalists, instead of attempting to indoctrinate people with communism?

        Would you rather have the government subsidize paper cuts for seventy five year old people, with our tax money? After surpassing a net worth of fifty million dollars, I will pay for my own healthcare out of pocket, so as to relieve fellow victims of sanctioned thievery of their burden.

    • jsmith

      Very good analogy. Obviously something has to be done now, not tomorrow, or else we continue with further job loses which is what we had with prior presidents. It cannot continue the way it is!

      • XSANDIEGOCA

        If not now, when ? Trump would make a serious error to ignore the Rust Belt now that he is in the WH.

        • socalbeachdude

          Donald Trump is PRESIDENT OF THE ENTIRE UNITED STATES and only a relatively small proportion of the population in the “rust belt” and the issue with trade is doing the best deals for the ENTIRE COUNTRY to ensure the best possible result with increasing exports for the USA to offset our huge and growing trade deficits.

  • Rick

    I wouldn’t sweat it Michael. President Trump will be the best we’ve ever had at negotiating these type of things. This is why we all voted for him. It will all work out!

  • JC Teecher

    It does not matter what kind of deals, or lack of them goes on with China.
    The post Trump administration can reverse everything Trump accomplishes with one signature on a new executive order.

    They, the establishment, will suffer through this brief period of faux prosperity, in the Trump era; which will most likely be only a four year period, and then…….

    Well, then back to the agenda of the left, to eliminate the middle-class, gun rights, and our Christian Bibles.
    That very Bible tells us of the times soon to come, of when the lives as we know them today, will soon be turned upside down, and the wealth will be sucked out of this nation, because of it’s idolatry.

    Truth is a hard pill to swallow, and a trade war with China isn’t necessarily a bad thing for the long term, but the long term will not have a master negotiator at the helm. So, long term deals are made to be broken, and right back to the status quo…we go.

  • wahoojed

    I say bite the bullet and adopt an entirely isolationist position and don’t allow any imports other than food or materials we don’t have, such as rare earth elements. It will be a painful shock at first. But we must become a country that relies entirely on itself and removes itself entirely from the Globalist agenda. Think of this: nowadays we buy cheap goods from China, but they break easily and we have to replace them frequently. Are we really saving money? I remember buying things decades ago that would last and never break even though comparatively you had to pay more. So buying our goods from China really doesn’t save us anything.

    • chris

      Yes you could do it. In the US you have the ability to be self sufficient now in energy and food. You have the military might to deter aggression and you have a wealth of home grown talent that could be called upon. The same cannot be said for the UK which is trying to feed a population over twice the size for the amount of food it has ever produced off its own land. The USA could do it and probably even do well. Will it happen? Unlikely.

      • JC Teecher

        Unlikely because of corporate control of politicians, and the weakness of the American Patriots to clean house in DC.

    • socalbeachdude

      And what benefit would that achieve? That would simply result in MUCH HIGHER COST OF GOODS AND LACK OF AVAILABILITY of many goods to Americans including nearly all electronic products. Just how would such nonsense benefit anyone?

      • wahoojed

        You wouldn’t have much higher prices of goods. Markets determine prices. More people would be employed at higher wages. You would have better quality goods produced. You are probably too young to know how America was decades. ago.

  • illusion

    Our politicians have been letting this scam continue for years. Now the full effects of the scam are coming to light and they refuse to acknowledge what happened.

    • socalbeachdude

      What “scam” are you referring to?

  • “V”

    Have we started draining the swamp yet?

    • FirstGarden

      I hear the swamp is fighting back.

      • socalbeachdude

        Yes, it and the monsters in it most certainly are.

  • Mark

    Please Mr.JinPing and Mr. Putin “Nuke” Beverly Hills California into the ground. HAHAHAHAHAHA!!!!!

    • socalbeachdude

      Just exactly why would you want either China or Russia to “nuke” the most excellent city in the United States? Do you really hate America and all is that is GREAT about America so much? Seriously?

  • socalbeachdude

    STOCKS CRASH DOWN INTO THE RABBIT HOLE…

    US stocks fall hard as financials shed 2%

    http://www.cnbc.com/2017/03/21/us-markets.html

    • Dan Wingert

      The speculators will bid the prices back up again.

  • socalbeachdude

    Markets fret as Trump agenda shows signs of cracks

    http://www.reuters.com/article/us-usa-stocks-analysis-idUSKBN16S2LR

  • socalbeachdude
  • socalbeachdude
  • socalbeachdude
    • Spatial Memory

      Gold higher, Silver higher, Bonds higher, DXY dollar index lower – all exactly opposite your HORRENDOUSLY INCORRECT GUESSWORK.

      Sorry for your losses.

      • socalbeachdude

        That metallic stuff is still down about 36% for gold and about 66% for silver since their manic speculative highs of $1927 and $50 per ounce respectively last seen nearly 6 years ago on September 05, 2011.

  • socalbeachdude

    STOCKS SOUR: WORST DAY OF YEAR…

    http://www.cnbc.com/2017/03/21/us-markets.html

  • Mark

    Please Mr.JinPing and Mr. Putin “Nuke” Bevery Hills California into the ground. HAHAHAHAHAHA!!!!!

    • socalbeachdude

      You obviously don’t even know how to spell our lovely city of BEVERLY HILLS, California.

  • J.j. Cintia

    What’s your definition of trade war? This looks like a battle between overleveraged factories and angry consumers. What are they going to stop from importing from the USA? Food? That’ll turn out badly. Zero Wal-Mart money, so they won’t buy food. This is the Spanish American War version of trade war right here.

    • socalbeachdude

      Huh? Don’t realize that the US is the second largest exporter in the world right behind China which is the largest and that China is one of the largest importers in the world of US goods?

      • J.j. Cintia

        “US goods?” What is that? I can’t find anything made in the USA and I live here!

  • Spatial Memory

    Spatial Memory 7 days ago
    Looking rough for bulls. Maybe proverbial “risk off” mantra broadens out in equities markets, Russell 2k already technical pullback last week 3%, NASDAQ G”growth leadership ” can’t generate significant short squeezes, / momentum broken on multiple time frames, spx – financial engineering schemes exhausted – been range bound, DJIA recent component changes charade unwinding. With end of March first qtr reports and policy events expect significant transfer of RISK and price dislocations.
    Any luck, “flight to quality” charade for bonds and TMV goes on sale.
    Jmho

    • socalbeachdude

      The Bank for International Settlements (BIS) – which is the central bank of central banks – has repeated and strongly warned about extreme debt levels and elevated asset price bubbles from 2009 right up until present and is now strongly warning again about the excessive global debt levels which have grown astronomically over the past 8 years.

      BIS warns of looming debt bubble

      Guess who is going broke again? Greece!

      So you thought the world was deleveraging after the housing and derivatives bubble of 2008, hey?

      Well…fooled you!

      Global debt-to-GDP is now at a comfortable record high and the Bank for International Settlements, aka the central bank of central banks, noted on Friday that over the last 16 years, debts of governments, households and corporations has gone up…everywhere.

      In the U.S., debt is up 63%. The Eurozone, Japan, U.K., Canada and Australia average around 52%. And emerging markets, led by China, leverage is up 85%. In some important emerging economies like Brazil major cities are on the verge of bankruptcy. Rio is CCC credit thanks to mismanagement of a deep sea oil bonanza and over spending on the FIFA World Cup and the 2016 Olympics.

      http://www.forbes.com/sites/kenrapoza/2017/02/10/bank-for-international-settlements-warns-of-looming-debt-bubble/#452c3b642d5a

  • Spatial Memory

    Spatial Memory socalbeachdude 8 days ago
    Interest rates moving off of lows since interest rate record keeping commenced and correspondingly bonds backing off of historic highs is far from pummeling – and incredibly funny in comparison to the absolute pummeling nearly everyone of your predictions are still experiencing.
    Any weakness in TMV 3x inverse treasury 25+ yr term sure seems like a generational buying opportunity IMHO- as I’ve said since 15 levels.
    Watch and learn.
    Pay attention rotflmao

    • socalbeachdude

      Get Ready for a “Credit Implosion” – Justin Spittler

      The world’s biggest financial bubble just popped. We’re talking about the bond market. This is where companies and the government borrow money. It’s about twice as big as the stock market. In other words, it’s a key pillar of the global financial system. And it’s starting to give way.

      Last summer, bond yields started skyrocketing. The yield on U.S. 10-year Treasurys is now twice as high as it was last July. But you have to realize something… Bond yields rise when bond prices fall.

      In January, Gross wrote that the bond bull market would end when the yield on the 10-year Treasury topped a key level, and stated “If 2.60% is broken on the upside—if yields move higher than 2.60%—a secular bear bond market has begun. Watch the 2.6% level. Much more important than Dow 20,000. Much more important than $60-a-barrel oil. Much more important than the Dollar/Euro parity at 1.00.” According to Gross, the bond bull market is now officially over. A “secular” bear market has begun. This means bond prices could fall for years, even decades.

      http://www.caseyresearch.com/articles/get-ready-for-a-credit-implosion

  • Spatial Memory

    Spatial Memory socalbeachdude 9 days ago
    In this game the ides of September are far more dangerous historically, enegry has its own dynamics with seasonal blend changes vs price elasticity. Bears likely get some opportunities, Russell2000 already down 3% last week, classic pullback already, any follow through and Nasdaq weakness could be up to 10% correction easily- only question before or after March 31 end of qtr reports. VIX and SPX historic convergence “pattern” – upside momentum broken – range- bound to lower sure seems likely for moment.

    • socalbeachdude

      Why post the same utter nonsense above that you posted here 9 days ago, particularly when the stock markets in the US and globally along with the commodities markets are now plummeting downwards?

  • Seen2013

    In 2009, Russia and China signed an economic pact dropping the US Dollar in denominated trade that China has continued to pursue through its AIIB system dropping foreign demand for US Dollars that China uses to become Saudi Arabia’s biggest oil importer to around 32-35%.

    Now, Saudi Arabia chairs OPEC last I looked and a major influence in the Arabian Alliance who utilizes OPEC to leverage US Foreign Policy in the Middle East with the ambition of Middle East dominance of the Middle East requiring obstacles to its dominance Israel, Iran, and Syria regime changed/destabilized. Saudi Arabia also happens to be the prime interpreters used in Israeli-Iranian relations.

    If OPEC drops the US Dollar, it loses the ability to leverage US Foreign Policy in the Middle East, but it loses it anyway if the US changes course on Syria, Israel, and Iran that places the US and NATO on opposite sides of Russian and Chinese interests.
    We’re only talking about over 80% of GDP worth of foreign leverage of US foreign policy.

    Ultimately, we’ve been in a currency-trade war with Russia and China since the Oil Embargo of the 1970s that’s why the US seeks globalization based promoting governmental fiefdoms, public-private partnerships, and public-private mergers in so-called free trade agreements as NAFTA, CAFTA, and TPP, TPIP, and TISA.

    Historically, shifts in balance of power are decisively determined by major warfare, so the options boil down to either Federal agencies being downsized to basics, War and Rationing, or Severe Austerity measures.
    Think Wiemar Agreement that led to hyperinflation that led to an outright Dictatorship.

    *The Wiemar Agreement was created to maintain the governmental fiefdoms and public-private partnerships catalyst of Bismarkian Policies to compel the Allies to either accept debased currency payments on debts or repudiate the debt.

    Is this time any different simply based on who ‘owns the debt’ or otherwise? I find it very doubtful.

    • Spatial Memory

      Silver 🙂

      • socalbeachdude

        Silver has plummeted nearly 70% since its manic high of $50 per ounce on September 5, 2011 and only around $17 per ounce, and it is also down about 70% from its manic high of $50 per ounce first reached 37 years ago in January 1980. There is a vast excess of silver in the markets and it is headed to its mean of $8 per ounce and then lower.

  • Spatial Memory

    Spatial Memory 5 days ago
    QQQ triple top ???

    • socalbeachdude

      So what???

      • Spatial Memory

        Rotflmao

  • Spatial Memory

    Spatial Memory a day ago
    Gold inverted head and shoulders- neckline 1330+. Jmho:)

    • socalbeachdude

      Gold is rapidly on its way to its mean of $456 per ounce and is down around $700 from its manic speculative high of $1927 an ounce reached on September 5, 2011.

      • Spatial Memory

        Watch and learn- again.
        ROFL

  • JC Teecher

    Relax. Relate. Release.

    According to some late reports, Planet X is due to arrive this early Fall.

    “The next event that follows is that Planet X will fully eclipse the Sun and cover the whole earth and full moon in shadow on the next full moon date. This is Thursday, October 5, 2017 (the following full moon date).”

    Read more: http://metro.co.uk/2017/01/02/earth-will-be-destroyed-in-october-2017-and-the-rich-are-already-building-bunkers-6356300/#ixzz4c0ZPnzyy

    • JC Teecher

      At the very least, all the politicians will flee DC, and head underground in their well fortified bunkers. All the corporate elites and wealthy liberals will disappear as well.
      When the thing/planet X/ Mothership spacecraft carrying demons, gets close enough to send all the world into chaos, TPTB will probably unleash nukes on China and N Korea, and two of their biggest thorns in their sides will disappear, along with Nibiru, as it orbits our solar system for another seven years before it re-appears, and drops off the Dragon and his non-flying serpent demons.

      Boy, this should be a party worth watching. We got about 50 lbs. of popcorn and canned butter. Don’t forget the hooch.

  • Mark

    Please Mr.JinPing and Mr. Putin “Nuke” the United States into the ground. HAHAHAHAHAHA!!!!!

  • Mark

    F#ck you Socalbeachdude!!!!

  • DB200

    Real trade wars are followed by real wars. And wars are easy to begin and very difficult to stop. Mostly followed by imperiums breaking up, societies collapsing and revolutions or civil war. Not a funny prospect. So hope for the best and prepare for the worst.

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