Inflation fears are boosting gold and the US dollar

Discussion in 'Economics & Trade' started by Durandal, Nov 16, 2021.

  1. Durandal

    Durandal Well-Known Member Donor

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    Inflation fears are boosting gold and the US dollar

    ...

    Business groups want US tariffs on China gone

    Business leaders are putting pressure on the Biden administration to consider removing tariffs on China to help ease surging inflation.

    But high-stakes talks between President Joe Biden and Chinese President Xi Jinping on Monday produced no breakthroughs on trade — dashing the hopes of affected companies looking for relief.

    The latest: Genial greetings turned more serious as Biden raised concerns about human rights, Chinese aggression toward Taiwan and trade issues. Throughout, the leaders engaged in a "healthy debate," according to a senior administration official present for the discussions.​

    ... https://www.cnn.com/2021/11/16/investing/premarket-stocks-trading/index.html


    So much for the "China Joe" canard, eh?

    Should the tariffs go? What should we get in return if they are eliminated? Is it necessary or important to press ahead with eliminating tariffs in order to ease this "surging inflation" or might we deal with it in other ways?

    Personally, I'm hoping we do get production moved either to the US or to other countries where we won't be supporting the ChiCom regime and their military buildup. Africa remains a largely untapped resource in this regard, and perhaps more investment there will help those countries to achieve greater stability and prosperity while making us new friends and allies on that continent. It would also be of strategic interest since China has been getting into Africa. I just don't know if shipping goods from Africa is much more expensive or problematic than shipping from China and Taiwan, aside from the current state of supply chain development.
     
    Last edited: Nov 16, 2021
  2. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Inflation may also be hurting would-be homebuyers as large investors decide to park their money into real estate, forcing people would otherwise be homebuyers to have to rent, which can ultimately be costing them more money.
     
  3. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Let me just put it to you this way... Whenever China embarks on a project in Africa they bring in Chinese workers to do the job.

    (Angry African governments have even had to pass special rules requiring Chinese companies to employ at least 50% Africans. I bet you can guess what the Chinese companies say about African workers...)
     
    Last edited: Nov 17, 2021
  4. lemmiwinx

    lemmiwinx Well-Known Member Past Donor

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    Somebody explain to me how inflation fears could boost the US dollar when inflation means the dollar buys less than it did before. BTW Biden is now set to take over the title of Inflation King from the honorable Jimmy Carter (D) GA.
     
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  5. Durandal

    Durandal Well-Known Member Donor

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    I have no idea. Is there an explanation for why China brings in Chinese workers? It isn't the best approach they can take if they are hoping to help these countries in a meaningful way, but makes sense if they are just out to help themselves.
     
  6. Quadhole

    Quadhole Well-Known Member

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    The Tariffs are way too later. They should have been imposed in the 1980s when this debacle started.
    Americans are so gullible. Today, they still see 30/hr as good money. If you made 20/hr in 1995 you should make 65/hr today to equal the real inflation we have had.
    Write that, talk about it, mention it and the dotards come out of the wood work... "your crazy" "makes no sense", etc. It just goes to show how gullible they are and acceptance of the regime manipulation. It isn't trump, biden, obama, Ragan, Bush, Clinton, it is all of them pandering to the banking and big business cabal. Really pathetic and so many continue to pile on debt to keep up with the jones... All the new cars I see, I know that 80% are loans...

    Wife and I figured this all out early 2000s and started right away. Now, we pay no interest on anything,
     
  7. Quadhole

    Quadhole Well-Known Member

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    1. None of the POTUS have anything too do with finance, or control of it. NOTHING.... They are just the face of what the cabal decides, they then tell you the decision.
    2. The FED, along with Wallstreet tycoons, Blackrock, JP Morgan, Goldman Scahs, and others decide what happens, obviously it wasnt like that until early 2000s. Then they screwed up and put it on congress, who bailed them out. That told them they could do anything, thus, manipulate congress and the branches of government. Control the media (what you know and what you dont) and you have today.

    They control the BLS, the Treasury, and more. Janet yellen a bankster herself now in control of the treasury ?
    That in itself is corrupt, each time a FED person makes millions off of stock what do the politicians do ? turn the other way.

    They are destroying the dollar on purpose so the American will see it as "they, the FED, did nothing wrong, these are consequences of Covid, wars, Bad politicians, but not the FED. When in fact it was the FED all along. Why ? So they can usher in the CBDC. All a big plan and we are not in tune too it. They wanty even more control and money and they will get it. Most Americans are lost too the truth and continue to turn a cheek and live within the rules that strip their wealth, their savings, etc.

    Look at GOLD and SILVER over the past 9 months. Has gone nowhere why ? Because CFTC chair Behnam is told to have banks buy paper contracts SHORT side and keep the price down. Thus, you see it as a poor investment and dont buy it. Yet, you, maybe npot YOU YOURSELF, but Americans continue in a stock market 3x over valued. It is abusrd, yet the banks make billions each day off of it.

    Other countries are way out in front of America, they drove down their stockmarkets so they dont crash because they know what is going to happen. Within 5 years we should be in a deep depression. ANd, maybe we wont because they keep the same PONZI scheme going driving the DOW to 50k and Nasdaq too 35k, then it happens a couple of years after that, you cant keep throwing money, fiat money at a problem and expect it too work out.

    This all started in the 1980s with a little borrowing that NEVER got paid back, it just grew from there as each new admin. signed off on MORE BORROWING, more spending, and it all ends within 10 years. Literally turning American into a shithole
     
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  8. wgabrie

    wgabrie Well-Known Member Donor

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    Why open up to China again? They aren't even going to return to the sweatshop nation it once was a few years ago. I'm under the impression that the Chinese people are moving up the social class ladder, and they are no longer going to work in the factories anymore.

    Do you know that China now gets its sweatshop labor from South Africa now>? Why don't we just skip removing tariffs on China and just go to South Africa directly???

    ...
    ...
    Oh, wait. Aren't they (South Africa) the origin of the new Covid mutation? Oh, that's bad! Nevermind then.
     
  9. Melb_muser

    Melb_muser Well-Known Member Donor

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    So what's the solution? I have most things in cash, a decent wack of gold and a little bit of crypto. The trouble is that my cashnis now losing 5% per year. I've been expecting the stock market the crash but it never happens... Gold has hovered but gone basically nowhere this year.
     
    Last edited: Nov 29, 2021

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