Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(The Hill)   Trump: if elected, I will label China a currency manipulator. Treasury Department: No, China is all good, no currency manipulatin' here   ( thehill.com) divider line
    More: Fail, Inflation, Trump, President Trump Donald, Trump Incoming Pence, Donald Trump, John Trump Poll, Donald J. Trump, Currency  
•       •       •

1399 clicks; posted to Politics » on 16 Apr 2018 at 6:20 PM (34 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



54 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2018-04-16 01:23:47 PM  
Who still believes that Trump knows shiat about money?
 
2018-04-16 01:24:08 PM  
That's what Xi said!
 
2018-04-16 03:33:18 PM  
China has for a long time purposely tied the value of the yuan to the US Dollar. Japan has done the same with the yen for much longer. They accomplish this, mostly, by controlling investments by their own major institutions in other countries' monetary instruments. The US has unilaterally made a rule that other countries can be called names, such as "currency manipulator" if they violate the US rules. Unfortunately, China and Japan are sovereign nations, so name calling is as far as it goes.

The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

It is instructive to go to StockCharts.com and look at the chart for $USD, which is the value of the US buck. Spend some time studying the value of the dollar on a long-term chart, say, monthly since 1980. Look what happened in mid-December 2017, which was during the presidential transition period. Look what happened after 9/11/2001, which was the date of the attack on the World Trade Center, followed by the declaration of two simultaneous unnecessary wars. Compare the second Obama term with the first Trump term. Remember, the USD (US dollar) is a measure of worldwide confidence in the future of the planet.
 
2018-04-16 03:39:44 PM  
OK, here's my markup of the chart of the USD.
img.fark.netView Full Size
 
2018-04-16 03:41:48 PM  
Does anybody remember what happened to make that huge peak and sudden reversal during the Chrenenko and Reagan administrations? My guess is that it is related to the price of oil.
 
2018-04-16 03:47:30 PM  
He feels it in his guts, that's what matters.
 
2018-04-16 04:13:59 PM  
It's all part of Trump's secret plan to end the economy.
 
2018-04-16 05:58:04 PM  

edmo: It's all part of Trump's secret plan to end the economy.


Hey, what's the economy ever done for us anyway?
 
2018-04-16 06:28:28 PM  

Mugato: Who still believes that Trump knows shiat about money?


Sadly about a third of the country.
 
2018-04-16 06:28:47 PM  
Well, technically, he wasnt elected.  He was put in place by Russian operatives who farked with our election system.
 
2018-04-16 06:29:00 PM  

Mugato: Who still believes that Trump knows shiat about money?


i do believe he knows shiat about anything?
 
2018-04-16 06:31:10 PM  
<blink>TRADE WAR!!!!</blink>
 
2018-04-16 06:31:27 PM  
It's almost as if he's been completely full of shiat all along.
 
2018-04-16 06:35:31 PM  
So he has complete confidence in his treasury secretary now?
 
2018-04-16 06:37:36 PM  
Holy crap he looks plain terrible in that picture.
 
2018-04-16 06:37:45 PM  
Trump said he would label China a currency manipulator bigly on day one of his administration and he followed it up with a "believe me!" so you know it's true!
 
2018-04-16 06:42:53 PM  

Bobofogochi: Holy crap he looks plain terrible in that picture.


Wow.  A terrible person, father, husband, ex-husband, lover, friend, employer, businessman, "president" and you worry that he looks terrible?
 
2018-04-16 06:47:38 PM  

HighOnCraic: That's what Xi said!


Please don't ever stop saying this!
 
2018-04-16 06:49:12 PM  

This About That: China has for a long time purposely tied the value of the yuan to the US Dollar. Japan has done the same with the yen for much longer. They accomplish this, mostly, by controlling investments by their own major institutions in other countries' monetary instruments. The US has unilaterally made a rule that other countries can be called names, such as "currency manipulator" if they violate the US rules. Unfortunately, China and Japan are sovereign nations, so name calling is as far as it goes.

The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

It is instructive to go to StockCharts.com and look at the chart for $USD, which is the value of the US buck ...


Also kinda interesting is USD vs. RMB going back to the mid-2000s. Once upon a time, there were flat horizontal lines without any wiggles. Sometimes they'd slant a bit, but still no wiggles. China's exchange rate manipulation was kinda notorious back then.

I'm thinkin' Trump must have heard about those days once, it got stuck in his head somewhere, and he never bothered to check if things still worked that way. He's not a clever man.
 
2018-04-16 06:51:44 PM  

Bobofogochi: Holy crap he looks plain terrible in that picture.


i.imgur.comView Full Size



The office ages those in the best of health. Trump is an obese, fast food eating 71 year old stress monster. One way or another, I doubt he'll finish his term.
 
2018-04-16 06:52:18 PM  
 Regardless  of who said it, I'm actually supposed to believe that China is NOT a currency manipulator?

Seriously?

Really?

Bullshiat!

Just because everyone hates trump does not mean China is not a current manipulator. We've known that since before Trump said that. Gimme a farking break.
 
2018-04-16 06:57:45 PM  
I think you could use " fail " tag with any article about P O S Trump..
 
2018-04-16 06:59:08 PM  
i.imgflip.comView Full Size
 
2018-04-16 07:03:11 PM  
 
2018-04-16 07:08:45 PM  

This About That: Does anybody remember what happened to make that huge peak and sudden reversal during the Chrenenko and Reagan administrations? My guess is that it is related to the price of oil.


The savings and loan crisis
 
2018-04-16 07:09:42 PM  

This About That: Does anybody remember what happened to make that huge peak and sudden reversal during the Chrenenko and Reagan administrations? My guess is that it is related to the price of oil.


Also, yes, oil.
 
2018-04-16 07:11:44 PM  

grokca: He feels it in his guts, that's what matters.


And with that much of a gut it should know!
 
2018-04-16 07:14:49 PM  
No no, you don't understand, China stopped manipulating currency because Trump told them to.


Really.
 
2018-04-16 07:15:53 PM  

This About That: Does anybody remember what happened to make that huge peak and sudden reversal during the Chrenenko and Reagan administrations? My guess is that it is related to the price of oil.


The 1980s oil glut peaked (price bottomed in 1986).
 
2018-04-16 07:16:25 PM  
Like politicians before him, he said what he needed to in order to get elected.
 
2018-04-16 07:18:38 PM  
They said this during the election too, and the experts who know what they're talking about agreed.  China WAS engaging in currency manipulation in prior years, but as of 2016 to current, they are not CURRENTLY manipulating their currency.

Kind of like accusing the president of banging porn actresses.  He isn't CURRENTLY banging a porn actress, but he absolutely did a while back when his wife was pregnant.  Everyone knows it's true and some people (his wife among them) are mad about it, but it makes no sense to tell him "Donny, stop banging porn actresses, dude!" because he already stopped........for now.
 
2018-04-16 07:20:26 PM  

phaseolus: This About That: China has for a long time purposely tied the value of the yuan to the US Dollar. Japan has done the same with the yen for much longer. They accomplish this, mostly, by controlling investments by their own major institutions in other countries' monetary instruments. The US has unilaterally made a rule that other countries can be called names, such as "currency manipulator" if they violate the US rules. Unfortunately, China and Japan are sovereign nations, so name calling is as far as it goes.

The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

It is instructive to go to StockCharts.com and look at the chart for $USD, which is the value of the US buck ...

Also kinda interesting is USD vs. RMB going back to the mid-2000s. Once upon a time, there were flat horizontal lines without any wiggles. Sometimes they'd slant a bit, but still no wiggles. China's exchange rate manipulation was kinda notorious back then.

I'm thinkin' Trump must have heard about those days once, it got stuck in his head somewhere, and he never bothered to check if things still worked that way. He's not a clever man.


I could only find USD/CNY going back 10 years, but I can see what you are talking about. It is the weirdest forex chart I have ever seen.
 
2018-04-16 07:24:46 PM  
I'm starting to think this Donald Trump guy may not entirely be truthful with the things he says.
 
2018-04-16 07:29:48 PM  
Just looking at the pictures of him when he was elected to to day shows how much the office ages a person

img.fark.netView Full Size


img.fark.netView Full Size
 
2018-04-16 07:32:04 PM  

This About That: phaseolus: Also kinda interesting is USD vs. RMB going back to the mid-2000s. Once upon a time, there were flat horizontal lines without any wiggles. Sometimes they'd slant a bit, but still no wiggles. China's exchange rate manipulation was kinda notorious back then.


I think in those days China was controlling the USD/RMB by simply devaluing the renminbi (aka the yuan) by fiat. That is a whole 'nother kind of currency manipulation.
 
2018-04-16 08:00:58 PM  
Well, as everyone ought to know, the dollar is a Fiat currency, which means it's based on the Italian company's purpose of excellence--because, let's face it, the Italians make great cars, I mean just look at Ferrari--, which is why Chrysler married with it during the Obama Depression, which Trump was able to save everyone from by making sure American companies came back to America and saved hundreds of American jobs that were being stolen by these horrible freeloading immigrants that should never have gone overseas anyways. What was I talking about again?
 
2018-04-16 08:15:32 PM  
MAKE IT STOP
 
2018-04-16 08:18:50 PM  

This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.


You think we don't manipulate our currency?

LOL
 
2018-04-16 08:37:49 PM  

ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL


The Fed can affect the value of the dollar by adjusting interest rates and through quantitative easing. I would be interested in how else the USD is manipulated.
 
2018-04-16 08:58:33 PM  

This About That: ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL

The Fed can affect the value of the dollar by adjusting interest rates and through quantitative easing. I would be interested in how else the USD is manipulated.


What exactly do you think we're doing when we buy our own treasury bonds?
 
2018-04-16 09:18:42 PM  

This About That: ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL

The Fed can affect the value of the dollar by adjusting interest rates and through quantitative easing. I would be interested in how else the USD is manipulated.


POMO?
 
2018-04-16 09:27:31 PM  

Jiggatron69: This About That: ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL

The Fed can affect the value of the dollar by adjusting interest rates and through quantitative easing. I would be interested in how else the USD is manipulated.

POMO?


Post modern?
 
2018-04-16 09:37:20 PM  

ginandbacon: Jiggatron69: This About That: ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL

The Fed can affect the value of the dollar by adjusting interest rates and through quantitative easing. I would be interested in how else the USD is manipulated.

POMO?

Post modern?


Permanent Open Market Operations
 
2018-04-16 09:44:59 PM  

Jiggatron69: ginandbacon: Jiggatron69: This About That: ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL

The Fed can affect the value of the dollar by adjusting interest rates and through quantitative easing. I would be interested in how else the USD is manipulated.

POMO?

Post modern?

Permanent Open Market Operations


img.fark.netView Full Size
 
2018-04-16 09:46:05 PM  

This About That: OK, here's my markup of the chart of the USD.
[img.fark.net image 850x656]


Looks like the Republicans are winning; they're devaluing the dollar more than the Democrats can increase the value.

Checkmate libs.
 
2018-04-16 09:59:11 PM  

What the hell was that: This About That: OK, here's my markup of the chart of the USD.
[img.fark.net image 850x656]

Looks like the Republicans are winning; they're devaluing the dollar more than the Democrats can increase the value.

Checkmate libs.


That does seem to be the intention, though. It's a lot like the "poison pill" bullshiat the Dubya administration pulled just before Obama took office - almost as if the GOP is assuming that they're going to lose control of Congress in 2018.
 
2018-04-16 10:03:12 PM  
Let's see what's going on at Trump's DC hotel tonight...
img.fark.netView Full Size
OH LAWD!
 
2018-04-16 10:06:28 PM  

Walker: Let's see what's going on at Trump's DC hotel tonight...
[img.fark.net image 850x637]OH LAWD!


I think just about everyone in the White House could use a therapist.
 
2018-04-16 10:08:44 PM  

ginandbacon: This About That: The US dollar, which belongs to a far larger player, is evaluated using a weighted average of six currencies. This result turns out to be closely linked to the stability and reliability of the US government. It is a measure of worldwide sentiment about the viability of civilization, and it trades more-or-less inversely with the value of gold.

You think we don't manipulate our currency?

LOL


Why does a dog manipulate his own currency?

Because he can!
 
2018-04-16 10:17:53 PM  
Trump doesn't have to make sense or good decisions, as long as those libs don't like it, it's gold, GOLD Jerry!
 
Displayed 50 of 54 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking





On Twitter



Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report