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PTJ describes what is one of the defining macro trends to affect us today. He has done his homework on this, it's not just conjecture.

Until the fifth column that controls our government and those of the other western countries let go, the trend will continue and take us a situation not dissimilar economically to those of North Africa. My guess is it won't stop until people revolt although TPTB might start to mitigate before we get to that. It's not just food prices affecting people there, it's the lack of jobs too and this paper explains all too clearly where those are going.

In case anyone asks, it's got everything to do with house prices.

http://cache.dealbre...uilibration.pdf

h/t http://www.businessinsider.com/paul-tudor-jones-the-undervalued-chinese-rmb-has-hurt-us-strength-2011-2

Edited by _w_

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Only skimmed it tbh, but why all the emphasis on the renminbi, or is it the yuan today?

It was Japan that first explored the Zero Interest Rate Policy, and Japan has had a significant trade surplus with the USA for many years.

As far as I know China does not export significant numbers of cars to the USA. Granted, a significant number of "American" cars may be built in China.

But nevermind that. It's all about the cheating commies.

Edited by Laughing Gnome

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Only skimmed it tbh, but why all the emphasis on the renminbi, or is it the yuan today?

It was Japan that first explored the Zero Interest Rate Policy, and Japan has had a significant trade surplus with the USA for many years.

As far as I know China does not export significant numbers of cars to the USA. Granted, a significant number of "American" cars may be built in China.

But nevermind that. It's all about the cheating commies.

Japan's shenanigans we could handle and even then only up to a point.

Now that all of Asia is getting in on the act we are being completely overwhelmed. This is all you need to explain the lack of wage growth, jobs, investments, etc. It's a major if not the key defining factor in today's economic environment.

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Absolutely.

Ignores Japan

And ignores the traitorous schemes of US trade negotiators who delivered one way 'free trade' agreements with foreign powers for bribes, a deal that sold out the US worker.

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Thankyou for the link w.

Of course it isn't just the currency level. We also need to consider the sheer poverty wages their workers earn which our workers are expected to compete against. And the fact they lack social security and proper environmental controls. It is not fair to expect our own working citizens to compete almost overnight with this. Plus the lack of human rights and respect for trade secrets. The transiton should have been made over a very, very long period of time - perhaps a century or more. Their populations are too big to just join all at once. It should be like the growth of Europe - generally stepwise and more manageable and to more stringent rules.

It is a great link. Interpreting the situation is a bit difficult though :

1. Things are the way that you have described.

2. Social security, environmental controls, human rights and intellectual property rights are simply too expensive for the much of the West to afford relative to the value of what it produces.

I honestly don't know the correct interpretation but I fear that it is the former for places like Germany and the latter for places like the US and the UK.

As I have said before, places like the UK and the US might be living off their past glories while places like Germany, India and China might be living off their future glories.

The UK's colonial past might be as unfair as Germany's exploitation of the EuroZone and China's merchantilist policies.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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