(Thread IKs:
fart simpson)
|
sincx posted:* canceling US Treasuries held by the PRC Pretty certain that's a selective default, which would obliterate the US Treasury and basically kill dead the market for US Treasuries, in particular since selective default is treated the same as a complete default.
|
#
?
May 25, 2020 02:52
|
|
|
|
| # ? Jun 10, 2024 07:22 |
|
|
Horseshoe theory posted:Pretty certain that's a selective default, which would obliterate the US Treasury and basically kill dead the market for US Treasuries, in particular since selective default is treated the same as a complete default. Yeah but what's the downside.
|
|
#
?
May 25, 2020 02:54
|
|
|
.
sincx has issued a correction as of 05:30 on Mar 23, 2021 |
|
#
?
May 25, 2020 03:05
|
|
|
[quote=sincx posted: The US actually has plenty of cards it can play, such as (in rough order of escalation) * adding more PRC organizations to the entities list * delisting all PRC companies from US exchanges * adding all PRC organizations to the entities list ... [/quote] Explain this to me like I am two. Adding more companies to entity list... okay so you basically banning more Chinese companies from buy/sell with American companies. How can you guarantee this sanction hurt the Chinese companies more than the US companies? Also trying to hurt (partially) state owned companies thru monetary and profit means is kind of pointless. Take Huawei for example, US can mount an effective sanction of Huawei chips fabbing only because US has a decent technology lead in the in the business of semiconductor both in patents and technologies. US can not stop Huawei in the area of 5G because the US has no technology lead in that area and thus no leverage. Same logic apply to other company in other areas. Let make another random example I am familiar with. The ebike market, for example, the Chinese pretty much own the sub-$3000, low and mid range markets. The US would not be able to ban the Chinese ebike companies from doing business outside of US. And banning Chinese ebike in US definitely will hurt the US more the China because now the US consumers will have to buy $3k-5k european ebikes instead of choosing any bike from $1k-5k. Actually this example already happened in the e-skateboard market last year. The market used to have a really good, premium e-skateboard company based in the US who actually does R&D in the US (Boosted), but thanks to the trade war and boneheaded expansion move by the CEO, Boosted promptly went out of business. And now the vast majority of the e-skateboards are from Chinese that does R&D in China and made in China.
|
|
#
?
May 25, 2020 03:12
|
|
|
.
sincx has issued a correction as of 05:30 on Mar 23, 2021 |
|
#
?
May 25, 2020 03:18
|
|
|
I'll believe it when I see it.
|
|
#
?
May 25, 2020 03:20
|
|
|
a god drat idiot posted:I imagine some or most of these would be some sort of WTO violation. The WTO is completely worthless as an organization, it has no fangs and can do nothing unless the big dogs let them. They're not even good at doing that, they have tons of complaints from their founding that are still unaddressed lol
|
|
#
?
May 25, 2020 03:29
|
|
|
jimmy is at it again https://www.youtube.com/watch?v=fIHxZ1d2kqI
|
|
#
?
May 25, 2020 04:41
|
|
|
sincx posted:it would be stuff like banning lenovo from buying intel and amd chips, banning zte (again) from buying qualcomm chips, banning chinese airlines from buying turbine engines with US technology (which is all of them), etc South Korea isn't going to stop doing business with China, and neither is Thailand, or the EU. The US tried with 5g and it was a complete disaster, not with the UK would join in. Also, it would give China an excuse to utterly obliterate American companies doing business in the PRC.
|
|
#
?
May 25, 2020 04:52
|
|
|
Ardennes posted:South Korea isn't going to stop doing business with China, and neither is Thailand, or the EU. The US tried with 5g and it was a complete disaster, not with the UK would join in. I forsee a lot of fire safety violations in Starbucks and Nike stores in the future. stephenthinkpad has issued a correction as of 08:06 on May 25, 2020 |
|
#
?
May 25, 2020 08:02
|
|
|
Ardennes posted:South Korea isn't going to stop doing business with China, and neither is Thailand, or the EU. The US tried with 5g and it was a complete disaster, not with the UK would join in. China already forces American companies to come in under a Chinese-owned business, I don't see why they'd stop that, they're already winning as far as that's concerned.
|
|
#
?
May 25, 2020 09:43
|
|
|
stephenthinkpad posted:I forsee a lot of fire safety violations in Starbucks and Nike stores in the future. RIP McDonald's
|
|
#
?
May 25, 2020 10:00
|
|
|
Top City Homo posted:jimmy is at it again
|
|
#
?
May 25, 2020 10:05
|
|
|
Forceholy posted:RIP McDonald's McDonald sold their china stake already.
|
|
#
?
May 25, 2020 10:41
|
|
|
tbf the worst thing Trump will do is permanently ban Chinese students from the US which will actually be pretty bad as the entire Chinese upper class depends on American universities to take their kids that weren't smart enough for Tsinghua (like Xi Jinping's daughter)
|
|
#
?
May 25, 2020 12:23
|
|
|
they'll find alternatives, mainly in the UK and Ireland
|
|
#
?
May 25, 2020 12:39
|
|
|
Grapplejack posted:The WTO is completely worthless as an organization, it has no fangs and can do nothing unless the big dogs let them. They're not even good at doing that, they have tons of complaints from their founding that are still unaddressed lol The US has also stopped approving new judges since 2017, which means the appellate body is now incapacitated - the WTO currently doesn't function.
|
|
#
?
May 25, 2020 13:02
|
|
|
stephenthinkpad posted:McDonald sold their china stake already. McDonald's still owns 20% of the China business
|
|
#
?
May 25, 2020 13:05
|
|
|
NYT going full mask off over their opposition to oriental despotism https://twitter.com/nytimes/status/1264179335981928449?s=20 Bro Dad posted:tbf the worst thing Trump will do is permanently ban Chinese students from the US which again, is a big blow to some US universities that at this point rely on the out of state tuition that Chinese students pay. It also undermines the whole idea of using education for soft power and convincing Chinese students that American Freedom is the superior way to structure society.
|
|
#
?
May 25, 2020 14:19
|
|
|
https://twitter.com/AskAKorean/status/1264724102583107584?p=v https://twitter.com/AskAKorean/status/1264725419691040775?p=v every time people talk like this i ask myself why i should give a poo poo if another country wanted to destroy delaware just to spite us id tell them to loving go for it
|
|
#
?
May 25, 2020 14:35
|
|
|
Atrocious Joe posted:NYT going full mask off over their opposition to oriental despotism https://www.scmp.com/economy/china-economy/article/3085758/coronavirus-wealthy-chinese-families-say-pandemic-has-eroded Some Guy TT posted:https://twitter.com/AskAKorean/status/1264724102583107584?p=v Why would you? No one in actual real life gives a poo poo. Maybe get off the reddit for a while.
|
|
#
?
May 25, 2020 14:42
|
|
|
I am watching the "Hong Kong is dead! Hong Kong is dead!" sound bites from the usual protest characters on the English mainstream news and got a good chuckle. Pro tip: it's not properly "one country one system" until HK start paying tax to the central government. edit: oh and start driving on the right side of the road. stephenthinkpad has issued a correction as of 15:25 on May 25, 2020 |
|
#
?
May 25, 2020 15:22
|
|
|
Because after all, those are the most important things in life.
|
|
#
?
May 25, 2020 15:52
|
|
|
stephenthinkpad posted:I am watching the "Hong Kong is dead! Hong Kong is dead!" sound bites from the usual protest characters on the English mainstream news and got a good chuckle. They just mad their status as "honorary white people" will get taken away by the evil central government.
|
|
#
?
May 25, 2020 15:55
|
|
|
Some Guy TT posted:https://twitter.com/AskAKorean/status/1264724102583107584?p=v I don't think that guy wants you to defend HK for it. It's just the truth. Anyways HK isn't being destroyed out of spite, it's being destroyed because it's niche as a free market port and financial centre was completely superceded by Dengism and the 97' handover. The HK economy was moribund before these protests ever began, if that wasn't the case I doubt these CCP directives would get passed in government.
|
|
#
?
May 25, 2020 16:53
|
|
|
another one of our beautiful celebrities has betrayed america https://www.youtube.com/watch?v=L7JJcRp0pww
|
|
#
?
May 25, 2020 17:15
|
|
|
Slim Jim Pickens posted:I don't think that guy wants you to defend HK for it. It's just the truth. It's more a meltdown over no longer being treated as a special unique place and being expected to follow the same rules as all the other provinces.
|
|
#
?
May 25, 2020 17:32
|
|
|
a god drat idiot posted:I'll believe it when I see it. Repatriation of global supply chains and de-globalization was already under way before Covid. The epidemic just sped things up. The issue is that there is no longer a strong culture of labour unions and economic protections for labour. Labour doesn't even have a seat at the table. Going forward a lot of manpower intensive industries in China will be brought back to the US and other aligned countries, but they will become capital intensive via automation. There's an article covering this where they interview Dr. Doom (The guy who predicted the 2008 GFC). Basically the wealthy investor class will act as if on-shoring Chinese production is for the American worker but it'll all be robots doing the work and economic conditions for everyday people will continue to worsen for the next decade. https://nymag.com/intelligencer/2020/05/why-the-economy-is-headed-for-a-post-coronavirus-depression-nouriel-roubini.html quote:When you reshore, you are moving production from regions of the world like China, and other parts of Asia, that have low labor costs, to parts of the world like the U.S. and Europe that have higher labor costs. That is a fact. How is the corporate sector going respond to that? It’s going to respond by replacing labor with robots, automation, and AI.
|
|
#
?
May 25, 2020 17:41
|
|
|
Kraftwerk posted:Repatriation of global supply chains and de-globalization was already under way before Covid. The epidemic just sped things up. It's a really pessimistic but also realistic given how the last 40+ years of US history has pretty much been the complete erosion of things like organized labor.
|
|
#
?
May 25, 2020 17:44
|
|
|
etalian posted:It's a really pessimistic but also realistic given how the last 40+ years of US history has pretty much been the complete erosion of things like organized labor. Easy to do if you free up capital to seek a higher return in low cost countries. Just so happens China had the people, knowhow and cost-benefit ratio that allowed the financial interests of American business to hit the sweet spot for their profit margins. America created China and now it will reap what it sows in a new cold war. The last 40 years made it easy to gently caress over organized labour because the jobs simply ceased to exist and the union dues left with them.
|
|
#
?
May 25, 2020 17:53
|
|
|
In seeking to destroy labor unions, they made the world's largest labor union a superpower. Ironic...
|
|
#
?
May 25, 2020 17:55
|
|
|
etalian posted:It's more a meltdown over no longer being treated as a special unique place and being expected to follow the same rules as all the other provinces. Hong Kong was a special unique place for most of the 20th century. It's not wrong to recognize that it's gone forever. The wrong thing is attributing the loss of the old HK to the cruel and devious CCP rather than the changing material circumstances. It's like a Venetian demanding independence in expectation that a free Venice could then resurrect a galley-based trading empire, the thought process ignores economic history.
|
|
#
?
May 25, 2020 17:57
|
|
|
Slim Jim Pickens posted:Hong Kong was a special unique place for most of the 20th century. It's not wrong to recognize that it's gone forever. The wrong thing is attributing the loss of the old HK to the cruel and devious CCP rather than the changing material circumstances. It's like a Venetian demanding independence in expectation that a free Venice could then resurrect a galley-based trading empire, the thought process ignores economic history. yeah it's pretty much trying to cling to a glorious nostalgic past which is no longer politically and economically feasible in the present.
|
|
#
?
May 25, 2020 18:11
|
|
|
the glorious past also came about because china was gradually opening up and HK was like a sluice gate or front-office lobby for it. while HKers can go "well we're smarter and better and we'd be doing great if it weren't for the evil CCP" but the reality is they just got lucky and were in the right time at the right place
|
|
#
?
May 25, 2020 18:14
|
|
|
oh i can't wait to read this https://twitter.com/DzFGlr/status/1263963842507411458
|
|
#
?
May 25, 2020 18:36
|
|
|
it's interesting to read towards the end where he goes "well, a color revolution is probably not gonna work, nor is bribing the party bureaucrats to terminate their own system and blow it up like the USSR, so this is a real noggin' tickler"
|
|
#
?
May 25, 2020 19:05
|
|
|
Personally, I don't buy this automation argument. I think calling automation "robots" is just overselling the the process of slowly increasing machine productivity. I think there is a good few decades and even generations before you convert a large factory of a random industry to a completely automatic place. I think this whole automation argument is what the center-left in the west use to dodge their obligation to the working class/union, while secretly sell their souls to the capitalists for 5 bux.
|
|
#
?
May 25, 2020 19:05
|
|
|
https://twitter.com/izak_novak/status/1264782421410676737 https://cpim.org/sites/default/files/marxist/201204-Cheng%20Enfu.pdf First, in terms of its guiding theories, democratic socialism denies Marxism as the only guiding theory. It supports the diversity of worldviews and guiding theories, i.e., the diversity of socialism in terms of its constitution and theoretical sources. It regards Bernstein’s revisionism and Keynes’ economics as its sources and components. Numerous currents and ideas are combined into one in the name of diversification and democracy of thinking, which in fact only constitute a kind of ratatouille.
|
|
#
?
May 25, 2020 19:31
|
|
|
Ferrinus posted:a kind of ratatouille. the movie?
|
|
#
?
May 25, 2020 19:37
|
|
|
|
| # ? Jun 10, 2024 07:22 |
|
|
Yes.
|
|
#
?
May 25, 2020 19:47
|
|