The Chinese aren’t stupid. I very much expect they hold very few U.S. Treasuries despite the trade deficit. How? They buy interest in a copper mine in Africa or South America. They contract not to buy today but to deliver UST’s $500k/mo for 20 years. Now not only have they offloaded their risk, pre-offloaded the useless UST’s, but also still have them back home too to use as leverage against the U.S. Or that’s how I would do it anyway.
“We have lost 3.5 million jobs (to China). Some 70,000 manufacturing plants have closed. Why would anybody be fighting Trump to do a reversal of us being in a merchandise trade deficit of $365 billion? Tell me any two people that would do business with each other and one side takes a huge loss and keeps taking it. . . So, why would people argue and fight and bring down the markets because Trump wants to bring back jobs and readjust a trade deficit that, by any standard, is destroying the nation?” Who’s to blame for the lopsided trade deficits destroying the middle class of America?
Oddly they seem to be fighting FOR the war and AGAINST the economy? Explain? Then explain why this strategy against every American, if not every living creature, is still working so well.
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