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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (378038)	7/23/2018 2:30:26 PM
From: ryanaka	Read Replies (1) \| Respond to of 543660

can you elaborate on it a bit? Trump is waging a trade war, China is waging a credit war? Can you give some examples? Maybe related, China's economy seems to be in a precarious position with the huge consumer debts and their cooked books (artificially inflated GDP) from their activities in SE Asia (huge ~$1T infrastructure contracts, recorded, but not even started). China's Yuan will be difficult to gain much confidence abroad, so petro-yuan I doubt will go far.

To: Sun Tzu who wrote (378038)	7/23/2018 6:27:48 PM
From: cosmicforce	Read Replies (1) \| Respond to of 543660

Countries that mint currency with fiat money (as we do) have unlimited credit at the expense of inflation. Inflation drops the value of the dollar relative to other currencies and pushes us toward the lower cost suppliers in economic competitiveness. I'm not getting the stronger dollar part by selling bonds that deliver low interest. I agree that cheap credit will dry up and harm our economy ... that deal was the quid pro quo that we have been living since Clinton.