How The US-China Trade War Turned Into A Currency War

The Trump administration has turned its sights on China’s currency as the two countries continue to trade blows in the ongoing trade war. In early August 2019, the U.S. Treasury Department designated China as a currency manipulator, shortly after the yuan fell sharply and send markets into a tailspin. Here’s what a currency war looks like, and what it means for the trade war and global markets.
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How The US-China Trade War Turned Into A Currency War

[@keqing311]

They forgot also US lunch a trade war against Japan in 1980's to 1994 when Japan was an rising economic power

[@jeffreynelson2660]

What was the result of that?

[@herbertant4096]

@@jeffreynelson2660 the japanese economic catastrophe losing to United States, since 1980s to 1990s Japan economy is the 2nd largest in the world, almost all Asian nation manufacturing powered by japanese company until the Chinese came in the late 1998 after monetary crisis. What's more is the fact that Japanese economy began to fail in 1995, and their economy hits harder 3 years after during monetary crisis and the 2008 financial crisis, and now the Japanese still can't rebuild their economy, mainly driven by their high cost of manufacturing and the Chinese offering a cheaper and faster industry

[@SonicSP]

All countries manipulate currencies to a point. Thats kind of the whole point of a monetary policy.

[@maximegrossman2146]

But not all countries exert the kind of control on banks that China does.

[@jong9379]

A huge difference is many of these countries have a central bank independent of the government control, like, say US, Canada, India, UK, etc . China, on the other hand, has EVERYTHING under the government control within their country, including their central bank.

[@ProtomanButCallMeBlues]

@Jack London I mean, that's one of the dumbest things I've heard. The People's Bank is most certainly not even close being independent. I don't know if you're can form a sentence, but I'll help you out here. If a political party has absolute authority over an institution, it's hardly independent.

[@kail9777]

Finally, some logic into the discussion.

[@twenty-fifth420]

Dove too bad the last three comments made me facepalm (not yours tho) In general, currency is controlled by governments in various ways. A more explicit way is that countries keep us dollars for international transactions that just happen to pop up due to its stability However, it is not like the US is totally on the right side of history compared to China. Another issue that doesnt seemed to be touched upon is Cryptocurrency. China has many top cryptocurrency projects that are used to funnel funds for finance investment and Crypto Mining China is just bigger. The government is cracking down, probably because of the perceived threat to the Yuan, but obviously top tier coins like Neo still exist. That said, China is playing a dangerous game with its currency. I can only fear for the consequences for the people and the government, strangely enough since this is the first time devaluing a currency has been done on a semi regular schedule.

[@amanvds]

if you devalue your currency your exports become cheaper ..... but on the other hand your imports get more expensive .... countries like china can benefit from it because they export more then they import ..... but countries like USA who are a big importer docent benefits from devaluing their currency

[@CreeperLadMC]

Imports reduce a country's GDP. Reducer imports means increased GDP, so a devalued currency is actually good for the US.

[@RichMoneyLTD]

Lmao this guy doesnt understand a trade war. If your an exporter you already basically lost. There isnt an economy in the world large enough to buy what we buy.

[@amanvds]

@@RichMoneyLTD what ????? ..... China will surpass USA in terms of retail market unit December 2020 ..... china's population is 3 times bigger then USA ..... China will be the worlds largest consumer in next 5 years

[@RichMoneyLTD]

@@amanvds they dont have a middle class you idiot. And there isnt a true market when the governement will control every aspect. Xi jinpings on the verge of colllapse. And there will be a great war in which america will win before then.

[@RichMoneyLTD]

@@amanvds china is an ant colony that has grown just large enough to annoy the lions den. And now the lions are just plugging the holes and flooding em out. Easy.

[@rayleeaustralia]

The moral of the story... think before you act as nobody will take it lying down

[@WarriorsPhoto]

Good information. Very well done for a simple person to understand. This is good to understand. Thank you, Sara Eisen.

[@wingmanbbc]

I'm convinced our Nation is on the fast track to financial ruin. Trump or the Dems seem only concerned about their political careers. When the sheet hits the fan, watch them all head for the exits.

[@WarriorsPhoto]

@@wingmanbbc I could see this. What would be a good way to prepare for our future?

[@mrmustangman]

@@WarriorsPhoto become self-sufficient or marry into an amish family......

[@WarriorsPhoto]

@@mrmustangman I would like to thank you for this comment. And, would you be willing to offer a way to be what is suggested? Other than, marry Amish? LOL (:

[@christopherweber1413]

@@WarriorsPhoto invest in precious metals if you think our nation's economy is going to crash. I'll be on the other side of those retail level investments.

[@tbseow344]

When U keep printing money, U become another Zimbabwe.

[@gamania122]

"Currency manipulator!" screams the Fed as he turns up the dial on its printing press. How ironic.

[@SteveRam]

Great break down. Thanks for sharing!

[@skywalkerhunterarchive]

get it done, quickly, please, let me see the winner so i can decide whether i should continue learning english or start learning chinese

[@naziamir6383]

Chinese 😂😂😂

[@swapw]

Weaker currency is better as long as it is stable. The two don't always go together as the game is being played to push the value of currency down. The same goes with your cost of living which dramatically rises from a weakening currency.

[@AdamSmith-gs2dv]

A weak dollar is BAD due to its importance in global trade in particular commodities. Lower the value of the dollar the price of commodities goes UP because commodities like oil are sold in dollars. A strong dollar actually helps the US currently because it keeps commodities expensive for other countries like China while keeping the price low here

[@cmdr1911]

@@AdamSmith-gs2dv A stable dollar is good, raising is bad since the world uses the dollar for debt. The increase in value adds strain to other governments budgets and reduces growth. Growth is good

[@Avantime]

The value of the dollar no longer has as much of an effect on oil prices now that the US is the top oil producer in the world because of shale. If oil prices get too high Congress would simply ban the export of US crude oil, like they had done before. Secondly big countries like China are much less dependent on oil than the US, simply because of lower reliance on cars plus the rapid electrification of transport (and diversity of supply of electricity e.g. coal/renewables), and China now has more sources of supply now that the US is a net exporter of oil. No one in the World is fretting about rising oil prices becuase of the rising US dollar, because there's a glut of oil in the market. And it's going down despite a rising dollar because of fears over lack of demand.

[@cmdr1911]

@@Avantime Different crude oils are produced by shale. A vast majority of refineries don't handle the light crude as well. The largest producers are still forgien companies. The prices can't be manipulated by OPEC as easy but the petrodollar still controls it and that ties it back to the US dollar. A stable dollar with 3% growth is what we need.

[@Avantime]

Indeed the US refineries are geared towards handling Middle Eastern heavy crude, but I would assume that if prices get so high that Congress intervenes, then the refineries would've already been forced to retool. OPEC's is now mostly a relic with Russia and Iran under sanctions and Venezuela being an economic basket case, but I agree that a stable dollar is what everyone needs, despite Trump's frequent temper tantrums.

[@arnouldtuyizere9849]

These days I keep asking myself is that people are coming of age or is that the world is at a tipping point

[@DanielDaniel-xt3jh]

We're at a tipping point. There's going to be a revolution and a war

[@luisar5755]

It is, trump is the start of the usa loss of power and influence in this generation..

[@MelvinJ64]

Relax, there's been a cold war and nothing happened. Don't panic over a little back and forth that would likely eventually end when the Country votes Trump out next year.

[@HarikrishnanSasidharan]

World has always been like this lol. This is probably one of the better times to live. Only difference is that fishmongerig is on unprecedented level.

[@jasonjean2901]

What? No mention that the U.S. has three criteria for identifying a currency manipulator and that China only meets one of these criteria (a trade surplus with the U.S.). No mention that the IMF and the rest of the international community claims that China is not manipulating their currency? No mention that the U.S. dollar is presently artificially inflated in value so of course other currencies would lower in value relative to it unless they manipulated their currencies in order to peg them to the dollar? (The yuan is pegged to the Euro, not the dollar). Nice reporting, almost missed all the important points of discussion.

[@schmoukiz]

If the dollar is dropped by the rest of the world, Americans would have to start to actually pay for the goods they order online on Amazon or buy from Walmart. I mean pay with work hours producing actual goods, not numbers on a computer screen or services to one another, tangible goods and commodities to be exchanged, not green paper issued by the state.

[@schmoukiz]

@Daniel McGrath You mean it brings democracy and freedom.

[@tubesurfer23]

Great explanation.

[@tuannguyenable]

Australia & New Zealand just cut their interest rates lower to make their money cheaper. Does it also consider currency manipulator?

[@BB-sl1ts]

Kind of. These days every country tries to make its currency weaker, lowering its interest rates. It wouldn't be a fad.

[@Chineization]

Yes and no. Since one country lower their currency first. You need to follow, otherwise you lose money and jobs to them.

[@Living_the_Highlight]

Yes but it becomes less effective the lower the interest rate. Currently rates are at record lows. That's why they are considering additional measures such as negative interest rates and the 10k cash ban.

[@payambagheri8854]

Thank you Sara , well presented .

[@hikurukutai]

Bring back the gold standard to stop america from just printing money

[@DanielDaniel-xt3jh]

We need to create a new global currency

[@luisar5755]

The world gave a ton of power to the dollar, it is time to put the real value, and readjust the market..

[@DanielDaniel-xt3jh]

@BW MadDog [retired] we need to reset the debt clock and create a new universal currency. That's my opinion. The Fed has too much debt that will never be paid off and is dated.

[@AngelRodriguez-br8vh]

I think I've learnt more about economics watching cnbc than in my college lol

[@Mr_Martz_Mc]

It's mostly propaganda

[@achancery10]

Please don’t try to learn economics off of any news channel

[@PuffAdder8565]

You know that if the US had a weaker currency, then that means the the people at home can't purchase as much. That's bad!

[@ameyas7726]

B-but a strong dollar is a good thing according to Donald Trump..

[@Chulitooooo]

Stamin-Up funny how all these years americans tried to make the dollar worth more while their plans to make their economy better while it just back fires i heard from the trade war farmers in n/s dakota lost revenue for their crops and other states aswell

[@factoryofgaming5229]

Not necessarily. A weaker US dollar would mean that US residents can't purchase as many imported products, because these will become more expensive. This will however depend on the elasticity of import's amongst US consumers and producers. Infact a weaker US dollar might actually help to reduce the defecit on the BOP that the US has with other countries, China being a prime example. The purchasing power of the US dollar on a domestic level is ofcourse greatly dependent on inflation. A weaker dollar may cause an increase in inflation due to higher Aggregate demand (as a result of cheaper exports), but this is unlikely to have a huge impact on US consumer spending power. The Fed will use contractionary monetary and potentially fiscal policy to make sure this doesnt happen.

[@simpleserpent1337]

tf why bgm is so chill like TRADE WAR YAA LET`S CHILL OUT GUYS TO-DO-DO DO-DO DO-DOOOO

[@charlesxav6817]

They’re not farmers they don’t care lol

[@danielkoontz6732]

I know! I listened to the music more than the speaker!

[@PropiaPersona]

Sometimes in the end stages of something, it lashes out

[@PFlow007]

Very important concepts here!

[@brandonleesanders]

I’d still push for a higher U.S. Dollar. As they weaken we increase our purchasing power.

[@TheZachary86]

That means USA be importing more goods? Is it wise, cause that’s what happened to the yen before recession

[@omgitsmario7]

YC america needs another recision

[@yugiohpokemon5285]

The usa government cant control the value of a dollar.

[@Lucky8s]

@@yugiohpokemon5285 Of course they can.

[@wingmanbbc]

My concern is the damage being done to the markets & our economy. Imagine the deficits we will have with an economy that is not booming. This year the deficit will top 1 trillion. The politicians could care less about our Nation. All they really care about is their political power.

[@MarkM001]

Ok well that sounds pretty bad. Like most things that are easy to do and hard to take back.

[@Crashed131963]

Can you imagine on vacation abroad and trying to tip the staff with Chinese money rather than US dollars? They would look at you like you were from Mars. Might as well hand them Rwandan francs. LOL

[@yesismemomnahjustyouimagin3494]

This is actually good reporting.

[@rs72098]

If you can't buy gold, or bitcoin, then buy stocks in a dollar crash. Stocks will hold their value better than cash due to the nature of prices, as prices go up, the stocks go up, although not nominally. This is what happened in Venezuela.

[@georgekwong]

Great video.

[@proogenji7526]

It doesn’t make sense. If weaker is always better, then Zimbabwe’s currency should be the best in the world. Weaker is better in some aspects but also has certain drawbacks.

[@middle-classentrepreneur2949]

Certain level is good. If you consider China they have huge export market. But it's doesn't work out for Zimbabwe. This is CNBC this baby anger don't know how economy works.

[@cu7695]

Weaker currency is better in currency war not in usual business trades. China is an exporting economy so it makes sense to lower value. Zimbabwe doesn't' have enough trade on world stage to be impactful

[@stachowi]

Inflation is monetary policy (central banks) phenomenon, hyperinflation like happened in Zimbabwe, is a psychological effect. Runaway inflation caused by weakened currency is almost impossible to stop.

[@justinalvarado7351]

Good thing it never was a trade war then, Right?

[@drkimoni5011]

WAIT A MINUTE ! WE AT WAR AND WE CONSUMING THE ENEMIES GOODS ! INSANE !

[@Electrichead64]

I dont want a weaker currency. I want a stronger one. Why? Because im not worried about basic essentials, because I live in a rich, prosperous nation. I want a stronger one because that way I can eat, and drink, and party on YOUR soil for a cheaper.

[@kevinavila9489]

So ummm, you're from china? But you don't look chinese

[@thegoonist]

anyone know what that background music is called? its really chill and relaxing

[@artesuave4760]

2020 well... this explains a lot!

[@PaperPlateClorox]

The music doesn’t match.

[@jaym9846]

Currency printers vs manipulators. Which is superior?

[@nachannachle2706]

They are both one and the same.

[@borisan5048]

Printers are by far superior. But to become a printer, you need to build up muscle.

[@herbertant4096]

@@borisan5048 well i mean the Chinese kinda need to be careful, remember the usa fought a futile trade war for 10 years against Japan, the fact that japanese being a superior money printoe which surpass the gdp per capita of usa during the time, and well yeah the Japan lose trade war because of their stagnated economy. I mean its kinda optimistic for telling China is the winner of the Trade War, but cmon the West won't just quiet against them

[@borisan5048]

@@herbertant4096 I didnt say China is the winner of the trade war, I said in fact it will be probably USA, due to the bigger military.

[@herbertant4096]

@@borisan5048 military has nothing to do with economy. USA won't remain superpower for the next 2 decade if they don't accept more immigrant, build more infrastructure, cleaner energy, balanced military and allies, and develop interconnectivity

[@alenpaul2523]

It’s still just a paper

[@Omar-em7rl]

that means absolutely nothing today, we just think a $20 bill is worth $20 for no reason, therefore everyone thinks it's worth $20.

[@thastayapongsak4422]

Sure, a paper that allows trade of things. Without money, you can't trade.

[@malumbosiwale3832]

@@thastayapongsak4422 it's currency, not money.

[@danitimnev2102]

Thats like saying a gun is "just metal"... kinda yeah, but no, not really

[@TheZachary86]

Then you have no vision. It’s more than a piece of paper

[@AdamSmith-gs2dv]

I agree with Trump on alot but a weak US dollar is something I DONT agree with him on. A weak dollar is BAD, a weak dollar causes investors to move away from currency and toward commodities like oil. This is part of the reason why oil and other commodities were so expensive in the early 2000s, investors fled currency and bought commodities instead thus reducing supply of commodities and raising their price.

[@cmdr1911]

Oil was expensive due to growing economies, the dollar losing value and two wars. The price of oil always goes up in war time. As the value of the dollar goes up, the price of oil falls. Costs for companies are still denoted in their currency, while the value of oil is demoninated in dollars. Dollar falls by 5%, the companies are looking to make up that difference relative to them. Oil spikes when the dollar falls. The result is the same, different cause out the problem I my opinion

[@erickrcisneros]

I know being called a currency manipulator isn’t good. Doesn’t dropping the value in turn make your buying power drop?(by having a reduced currency)

[@lits0_042]

Will kids learn about this in their history classes in the future?

[@muzero2642]

Most definately.

[@aileraguilar3976]

Been a currency for decades now good video

[@valentinegift3689]

China always been doing this, and other Asian countries as well. Since they have sound growth, it was obviously helpful.

[@ligerdave]

Someone could probably say this nation has always participated in such events. If you know how currencies work, you wouldn’t blame on either side. It’s just how economics work. Btw, mr. trump praises himself to sending the dollar skyrocking high. I guess our president asked for it. It must happen and it has happened lol

[@curtiscarpenter9881]

Better quality goods, disruptive innovation, a sustainable competitive advantage, aggressive marketing strategies, limited government involvement with the economy all add up to victory, every battle is won before it's ever fought. Sun Tzu.

[@jonathanprime1507]

The news media always tries to find a way to blame it on Trump

[@libertybiberty8182]

I have had conflicting information sources. Which country has a higher gdp?

[@Nayshjin]

China has the largest GDP(PPP) and US has the largest GDP(Nominal)

[@michaelsmith953]

lol: all governments weaken our currencies!!! bitcoin holders: well this is nice

[@dennisp8520]

Yea but Bitcoin is just like the dollar backed by faith, and needs to be converted to a currency to attribute value.

[@michaelsmith953]

@@dennisp8520 yeah but its relative shorter supply compared to their growing supplies with the same faith means that it will rise in price comparatively

[@TELEVISIBLE]

Bitcoin is a speculation tool ! Not a currency ! Currency need to flow !

[@marvindube3572]

Michael Smith ignore this guy he doesn’t get crypto 🤦‍♂️

[@IronMan-wz8dx]

its not really bad, countries fighting to give you a discount.

[@santiagopaz6507]

World stage: everybody wants a weaker currency but not everybody can have weaker currency Argentina: challenge accepted

[@antoniobarrios7949]

Does anyone know the background music?

[@forestconstruction]

This is inverted logic. No country deliberately devalues its country as it destroys market confidence and takes away capital.

[@leventesebo]

I just dont understand how it could work in the global economy. at the end of the day you have to import and then you will spend more

[@oliverchu6946]

couldn't help, so we watch this with popcorn

[@Chineization]

It just like a market. If one store lower its prices on all products, other stores either follow or lose Competitiveness. The question is who is cheating while doing business, and it’s not a healthy economy.

[@bwogisean]

weaker earnings in terms of sales should really be interpreted in a wider scope as the concentration of the sales the companies market is in. If us exports bring in a lower value in dollar terms then the industry they are in is highly competitive and must look in to how to sell lower cost products at higher margins, its all industry specific not generally showing in an average of global terms.

[@christopherweber1413]

Hedging is an option, for everyone.

[@molaroismorais1758]

Just take you dog for a walk ... forget it !!!

[@darius2640]

Whats in it for me, is stuff from china gonna get even cheaper?

[@curtiscarpenter9881]

It depends if your a wider exporter then net importer of a eider variety of commodities and have large capital reserves to boot beforehand. If your going to be a currency manipulator.

[@dhobbyd]

A country devalues its currency by "printing" more money, but currency devaluation happens because of demand and supply imbalance. If a country keeps printing new money but investors keep buying it, there will be technically no currency devaluation. You take a look at the USA, they were "printing" money like crazy through QE1 QE2 QE3, but nothing much happens to the USD. The currency still held strong their value today and investors all around the world still have great trust in their value.

[@shajanmiah5063]

Sigh.

[@atishjadhav9985]

What about import...??? Import also become costly... Country like India will lose more when INR is devalued... INR is a open market... Not like China... It all brings down whether your country is a net importer or exporter...

[@Seija729]

that's true but china exports a lot more than it imports so overall it's still worth it to devalue their currency. the chinese government could also promote its citizens to purchase local goods rather than imported goods.

[@Karthagast]

Currency manipulation = monetary policy Acussing a country, namely China, of "currency manipulation" is like acussing China of having its own monetary policy. It makes no sense at all.

[@butterfly-pf8lj]

Who hates the background music

[@ecologyrocks2969]

After so many rounds of tariffs, China would be manipulating their currency if the Yuan does not fall. You just cannot wish to hit them hard and expect them doing great.

[@magdirila10]

2:09 haha the kid

[@frusit861]

Me, watching this in 2020, trust me this is the least of your worries y’all.

[@JTD98PSN]

I had to stop watching as she attached Trump. It's good to put the right info but also attaching the President at the same time is bad journalism. The bias needs to stop what happened to just facts

[@MrMsyanksfan]

Sensationalism happened.

[@tobetinkering]

Why the distracting music in the background? Drop that! This is an important topic to listen to, music takes away from the message

[@blist14ant]

A weaker currency is terrible. America came from a single-family income to barely a two-family income

[@urbanistgod]

That’s because the economy adapted itself to the fact that there are two incomes instead of one so of course everything became more expensive.

[@blist14ant]

@@urbanistgodPinkman yes, it adapted itself for the worst.

[@pyrophobia133]

we're screwed

[@mrfy1234]

Heard we have warehouses full of yuan

[@thandomokoena1389]

Actually the currency war began in 2010 when both China and the USA both starting devaluing their currencies which saw the dollar hit an all time low in 2011

[@chrisp7110]

If every country is working on weakening their currency then it would mean everything would be cheaper but also it will turn into the small percentage of the world of wealthy elites to be at the top forever.

[@mayanksrivastava9960]

By weakening their own currency they are also making increasing their import bill especially on things like petrol and forcing public to pay far it.

[@nachannachle2706]

They have Australia as their back door dealer. and the Aussie Dollar is pretty stable relative to yuan. They also have East African countries replenishing their energy/food/money/lad reserves, which is becoming cheaper because the price of oil has tanked a lot recently. So, China barely feels the heat of the USA's "tariffs war".

[@shopsshire9282]

And the person leading this currency war is our hot-headed president

[@tracydee1857]

who hangs with pedophiles and the citizens are okay with child abusers.

[@sourabhs14]

He is the 'chosen one'

[@mrmustangman]

@@tracydee1857 you are thinking of bill clinton who rode on Epstein's jet 26 times.!!!!!!!!

[@evankurniawan1311]

@@tracydee1857 the citizens is cool with clinton

[@Alaois]

@@mrmustangman why are trump supporters so that obsessed with a man ho hasn't been president in 20 years?

[@factoryofgaming5229]

Not necessarily. A weaker US dollar would mean that US residents cant purchase as many imported products, because these will become more expensive. This will however depend on the elasticity of imports amongst US consumers and producers. Infact a weaker US dollar might actually help to reduce the defecit on the BOP that the US has with other countries, China being a prime example. The purchasing power of the US dollar on a domestic level is ofcourse greatly dependent on inflation. A weaker dollar may cause an increase in inflation due to higher Aggregate demand (as a result of cheaper exports), but this is unlikely to have a huge impact on US consumer spending power. The Fed will use contractionary monetary and potentially fiscal policy to make sure this doesnt happen.

[@car24dude]

The way the currency shifted, looks good if US dollars is changed to the Chinese Yen (RMB) Americans can buy more in China. If Chinese shoppers, business men, or STUDENTS comes to the US, They have to spend more to get the same amount.

[@VincentGonzalezVeg]

we need different sized money because blind people expose that flaw in design

[@itsflexplays]

It's meant to be easily sorted to the average individual, and it just so happens that the average individual isn't blind.

[@markwalker6692]

If you weaken your currency your exports are cheaper? No that's not how it works. That would drive up inflation and made everything cost more so in the end you would just he paying more money with a weaker currency.

[@jamescook2412]

So if a weak currency is the best, shouldn't Argentina / Ven b paradises? Do u want to pay 20 USD for 1 Mexican Peso?? I'm looking fwd to!!

[@fujinyumi5632]

James Cook Too much of anything is bad.

[@kokofan50]

Weak currencies are useful for selling products, but it sucks for repaying debts.

[@armenakbalasanov9074]

kokofan50 it dependa on import and export.. if you importer a weak currency is very bad for you. i wonder why they didnt mention it in the video.

[@veenray8174]

This is probably nothing , I have e feeling that something really unpredictable is coming after 2020 considering the fact that more nations are slowly getting involved as a side effect of this trade war.

[@ezioauditore5616]

nations are filling the gap left by us

[@roonders4537]

You predicted the future, we have a pandemic

[@AST4EVER]

Biggest currency manipulator is USA for what it did in 1971. Now DOLLAR is based on THIN AIR along with economies of various other countries depending on USD.

[@truetrax2]

Yeah because the world has enough gold for this rich nation to use to back up every dollar with gold , our population grows fast you know , with everyone in the world wanting to come here to live

[@hyperman717]

We just need to go back to a gold or silver standard. That way they can’t manipulate currency as badly as they do. End fiat currency!

[@hyperman717]

Jake White I am well aware. The private bank, known as the federal reserve has too much power and are really the ones controlling the country and they are not going to give that power up.

[@AndyofCT]

That’s what happens when the president doesn’t understand business...because he’s not a good businessman 🤦‍♂️

[@samueljrichardson2499]

He's a billionaire. Obviously he's a good businessman.

[@AndyofCT]

Huge logical fallacy on your part. What are his assets vs liabilities? What is personally owned vs what is company owned vs what is not at all owned and is simply paying a license fee to use his name? How much is true market value vs self reported value? What is ROI on his investments over 30 years? That’s what separates someone who understands and is good at business vs someone who inherited wealth and bankrupt a casino...

[@the7311]

Richard J Samuelson he went bankrupt so many times and his dad bailed him out. Once his dad died he got all the money that his dad made and put the burden of his company on his kids because they know how to run a business he doesn’t.

[@Inverter222]

Richard J Samuelson billionaire? Prove it. Don't know many billionaires that need loans from Russia.

[@christopherweber1413]

not a single one of you knows his finances. It's funny to read your comments. Others now know what "news" stations you subscribe to.

[@hiteshlalwani5879]

Just for your information, India isn't weakening it currency, it's gone down because of US & China trade war, also because of economic slowdown, and because of new policies. However with time policies and liquidity will resume so will our currency get stronger. We don't need to WEAKEN OUR CURRENCY to attract investment and trade.

[@armandogarza583]

The Crypto Era begins🌟

[@lakshfalguni5824]

I have used many strategies i saw on KZbin and have lost almost all $10,000 on my account in my demo account. What am i missing, what is the best advice or strategy to use as a beginner, i will appreciate proper advice please.

[@dogankaplan3037]

I wish i have knew this earlier, i have made up my mind to get help but not sure who to trust. There are many scammers on here, can you recommend someone verifiable?

[@lakshfalguni5824]

@@dogankaplan3037 Who can you recommend to me? I have not been very lucky and have been advice to use a professional but getting in contact with a real one is hard, too many frauds are on here.

[@navalzaina2204]

@@lakshfalguni5824 There are so many brilliant professionals out there but i normally use Mr Brain Hunter, which have never fail me since have been trading with him and his an elite traders. You can reach out with him to manage for you too, here is his contact- Whats App: [phone], Email: ** brainhunter1974 {@} gmail. com ** you will forever be grateful.

[@saritabak5307]

@@navalzaina2204 Yes, i can vouch for him. he is well known, so as a reputation to protect. Beware of any professional that promises 100% returns, no one, no matter how knowledgeable, can consistently predict what a stock or commodity will do within a short time frame. Mr Hunter tells you both the good and bad news. His Whats-app [phone].

[@gateanderson4636]

@@saritabak5307 This is a good guide lines, you must be quite experienced to know these man very well too but i know you will see no regret with Mr Brain Hunter.

[@ChatRBz]

We as citizens will hurts the most god damn!!!!!

[@enriquemercedes9519]

The EU must be enjoying cheaper stuff. Money is money. But I think having the items are better, especially for less. You don't see people looking for money in a crisis like natural disasters.

[@senorshorty16]

Bitcoin loves it. I wish more people paid attention to this stuff. Money makes the world go round

[@ameyas7726]

Would you put your life savings in Bitcoins!!?...Bitcoin is not regulated and needs to be studied more globally if it is open to manipulation or hacking etc....plus world govts like to control their national currency..

[@senorshorty16]

@@ameyas7726 Keeping my $ with regulated bankers or a decentralized ledger spread around the internet? Both have risks, I wouldn't call GE stock or Tbills safe because they're regulated. I don't think BTC will ever be a currency. Bitcoin isn't money, it eats money.

[@Ukrainianification]

Much talk about nothing. We need to go back to what made us what we once were. Bring back manufacturing and self sustainability.

[@Elvin_Do]

Good less money for stock brokers and investors and more for the people

[@truetrax2]

“We’ve all seen trump break the rules before “ jajaja you so funny you must be a hit at soy parties

[@yamahantx7005]

The trade war is not morphing into a currency war. That assumes the trade war came first. Quite the opposite is true. Countries going off the gold standard in the 1930's triggered a currency war, which inevitably leads to trade wars.

[@ameyas7726]

It was getting off the gold standard in the 1930's that helped America escape the Great Depression....no it was not all World War..

[@yamahantx7005]

@@ameyas7726 I'm not sure how confiscating gold from citizens helped the great depression, but I'm sure you'll fill me in.

[@montekristo8482]

Dollar down Wanna keep, must war

[@steve-usmcvet8934]

So....The 99¢ store is going to become the 89¢ store? I can afford to avoid Walmart and go to Target instead? Can we buy Greenland reeeeal cheap now?

[@scottyhaines4226]

The Danish will never let us have Greenland

[@steve-usmcvet8934]

@@scottyhaines4226 Trump knows. Trump just doesn't want anyone else but America, Greenlanders and the Danes to enjoy the fruits of exploiting the oil, minerals, etc, and to continue to have the valuable military access. This isn't the first time in history America has asked but I bet you Trump won't be building a golf course or a casino🏨hotel but definitely will walk away soon with some sort of deal beneficial to all involved. Trump definitely wanted to make sure China didn't build an airport or get to do any business with Greenland. It's just Trump's way. I don't necessarily like it but he does get the job done.

[@scottyhaines4226]

@@steve-usmcvet8934 I don't think China wanted anything to do with Greenland. China is known for their real estate investments and if they wanted a piece of Greenland they would of offered for it long ago.

[@david878ng]

what do you mean when you say China let it's currency to fall? Does that mean that China needs to put more money into its currency so make it stronger? So by letting the market drop their currency, then they are the "Currency manipulator"?

[@auro1986]

how is dollar weaker than pound?

[@j0hnc00]

It's less devalued, the dollar has a larger economy, plus on real terms the pound is weaker and buys relatively less.

[@wilhelmsarasalo3546]

China, US, how about EU? You would think that would be pretty big. How you measure matters of course.

[@Elclassicodelaelbe]

really like that happy music. do you think this is funny?

[@armenakbalasanov9074]

Good point though👍🏼

[@xday11]

I wonder if the reporter really likes a weaker dollar when her pay check is worth less than to buy stuff

[@randomthoughts6625]

It’s stupid to weaken ones currency I know one one country which never did that and still is exporting more than everyone. Germany