Rubio Going For A Fatality

Stockolio

Stockolio

https://www.rubio.senate.gov/public...eases&id=2923998C-6A3E-46DE-B31A-A25D85389CFF

First step to get Hong Kong treated as china as far as trade goes for the US, if T goes along with this, it's over... Adding pressure china won't bend to, there is no way a communist regime allows democracy in a area they consider their territory, so in theory HK is for sure being considered like china down the road, it's just a matter of when china makes it moves with Curfews or Martial law
 
Noone here seems to "remember" or knows that HK$ is PEGGED to USD?! How would treating HK the same as China regarding trade benefit US?

People seem to also forget, while US is China's largest trading partner, 20% of Chinese exports, 80% of Chinese exports are NOT to the US! Unless you think China "currency manipulation" comes at the expense of the 80% of exports (as in, cut off your nose (80%) despite your face (20%)), China is NOT a currency manipulator. Trump knows RE, not currencies or how they they work.

One thing is 100% certain... currency pegs, over time, NEVER work.
 
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They worked pretty well in Europe so far, Hong Kong, and a number other markets. There are necessarily ingredients to make a peg work and most markets are not suited for currency pegs because of the lack of political will and ability.

tiddlywinks said:
Noone here seems to "remember" or knows that HK$ is PEGGED to USD?! How would treating HK the same as China regarding trade benefit US?

People seem to also forget, while US is China's largest trading partner, 20% of Chinese exports, 80% of Chinese exports are NOT to the US! Unless you think China "currency manipulation" comes at the expense of the 80% of exports (as in, cut off your nose (80%) despite your face (20%)), China is NOT a currency manipulator. Trump knows RE, not currencies or how they they work.

One thing is 100% certain... currency pegs, over time, NEVER work.
More...
 
Greece never exited the Euro, neither did any of the other 18 European countries. 37 countries in total use the Euro every day and many will adopt the Euro once they meet the conditions to join. China? China's currency peg to the dollar never broke, it was removed due to negotiations with its trading partners. CHF? Never made sense in the first place. Argentina is a country of irresponsible people who had to bailed out uncountable times. Whether with or without peg makes zero difference. The majority of pegs make a lot of sense and benefit their economies. Singapore and HK are shining examples, so is the Euro. Perhaps take a basic statistics class, a few exceptions do not constitute a majority, there are averages and bands around averages (called standard deviations, that normalize data within a sample around an average that describes that sample).

tiddlywinks said:
Really??

In no particular order...
Greece
Argentina
China
Swissy

These pegs worked pretty well? Really?
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GRULSTMRNN said:
Greece never exited the Euro, neither did any of the other 18 European countries. 37 countries in total use the Euro every day and many will adopt the Euro once they meet the conditions to join. China? China's currency peg to the dollar never broke, it was removed due to negotiations with its trading partners. CHF? Never made sense in the first place. Argentina is a country of irresponsible people who had to bailed out uncountable times. Whether with or without peg makes zero difference. The majority of pegs make a lot of sense and benefit their economies. Singapore and HK are shining examples, so is the Euro. Perhaps take a basic statistics class, a few exceptions do not constitute a majority, there are averages and bands around averages (called standard deviations, that normalize data within a sample around an average that describes that sample).
More...

Greece... because they didn't exit the Euro means the fixed peg to the Euro work/ed/s?
China... I should have listed it as the Asian Financial Crisis (1997). Those pegs worked??
CHF... It didn't make sense (to you) therefore it worked?
Argentina... people are irresponsible (to you) with a history of default means the peg works?

Whatever pal. many will adopt the Euro. LOL. Pegs make a lot of sense. LMAO!!

100% certainty... currency pegs over time, NEVER work. 100%
 
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