Yeah Im hoping the RTX3080Ti comes out soon, want to get that card for FS2020 and the Cyberpunk 2077
Other than that probably load up on some firearms and ammo while I still can.
Trump admin legacy: Poisoning future US China relationship
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Other than that probably load up on some firearms and ammo while I still can.
yeah, FS2020 is a pretty cool game....
Hi localizer,
That's why I admire the temerity and patience of the CCP leadership , instead of reacting to Trump tantrum and sanction, it react in a different way and welcome more American investment. My likely theory is that there are American elites who are Panda lovers (mostly for business) that advise a counter move.
And of course Nationalism helps a lot, The Chinese may be in a forgiving mood cause they know their under attack and need to unite for a possible hardship to come.
Eh, I beg to differ. I do think covid has done a lot of damage to the USD, primarily because Trump has destroyed whatever reputation that the US had as a competent country. Sure Trump may lose the election but he may not leave or try to stir up craziness to delay the election. Even if there is a peaceful transition, it doesn't solve the social (racial tensions) and economic problems ( wealth inequality) that lead to election of Trump. In fact I can see the crazies get crazier on both sides. So there could be another Trump in four years. Plus negative yields mean holding usd gives you no return so holding gold or yuan (positive yield gov bonds) is a much better return. Euro is truly a basket case, they don't have problem of an insane president, but they got their own problrms of negative yields and problem of slow monetary policy decision making.
That's why my bet is on Gold and RMB, Gold because it's not printable, RMB because trust in Chinas economy is much better because of the government effectiveness of handling crisis such as covid and the economic fall out.
Hi localizer,
Its being done under propse RCEP, hopefully If done properly it will side step the US.
Regardless, in the next few years Chinese will see what the CCP is really about.
Does CCP care more about the overseas wealth of its members and are just using Chinese as mules. (Keeping dollars)
Or CCP cares about China and the future of the Chinese people. (Dumps dollars)
I would seriously question their competency if they let Chinese USD assets fall much more. China already lost $300 billion in 3 months which is almost a Tencent.
Does CCP care more about the overseas wealth of its members and are just using Chinese as mules. (Keeping dollars)
Or CCP cares about China and the future of the Chinese people. (Dumps dollars)
I would seriously question their competency if they let Chinese USD assets fall much more. China already lost $300 billion in 3 months which is almost a Tencent.
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Liberalization is good for increasing productivity, but control economy is good for bad economic times like right now, because government can forgo some efficiency in order to stimulate the economy. Hence why China is expected to grow at 3% and the US is not. But in the end you need a combination of both.
Guys have faith, I was once a non-believer in what we can achieve when covid hit, and western media was saying this was the end or China Bla Bla Bla. But now it looks like this might be end of the US empire. I think as much as the CCp has flaws they have demonstrated their competence in all of this.
I think the CCP is already dedollarizing or preparing to do it, because of threat of losing access to Swift, hence why DCEP is being rolled out.
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