I recently asked this question of my readers. After today it's clear to all: no deal. China went out of its way to devalue the Yuan and the US has now labeled it a currency manipulator. Of course when the US fed talks interest rates up or down, and buys or sells bonds into the market in order to achieve inflation targets, none of this is manipulation. Except that all of it is. The US is massively hypocritical, and not this is not "hating" on America. Truth is not hate. Truth is caring. You see a stranger walking around with his plumber's crack hanging out and you just laugh and say nothing. But if that's your friend or family you put up with the embarrassment of telling them their ass is hanging out. You just do it.
Well we knew the multidecade honeymoon between US and China was over when they took their fucking pandas back from the San Diego zoo. That's like taking the foster children back. You don't do that lightly if there is an easy solution to a problem near by. It's essentially throwing in the towel. And Xi's face has been telling us the same thing for some time now.
Monday, August 5, 2019
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