China continues to fuck with HK....
https://www.fxstreet.com/news/the-hong-kong-dollar-the-next-black-swan-202005260015
Pull the American dollars and bleed them Out.
15% of global GDP, and yet less than 1/2 of 1% of all trades with China settle in their own damn currency. The greenbacks dry up and they will collapse.
Comments
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I'm waiting on @UW_Doog_Bot to chime in so I can understand what I think.
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For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Trump will win bigly in November by focusing almost exclusively on Chie Naa
He will silence his Corona dissenters by attacking D Governor responses resulting deaths and job losses -
It's Science!Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Does that include Dr. Fow Chee?doogie said:Trump will win bigly in November by focusing almost exclusively on Chie Naa
He will silence his Corona dissenters by attacking D Governor responses resulting deaths and job losses
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The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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China has pretty much gone all in with their letting the virus loose on the world and cover ups. Probably thinking they don't have much to lose. HK might see some commie smack down next protests.
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The HKD peg is fucked at somepoint but otherwise I agree and respect you a little more for this take.GDS said:The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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Trump is willing to play it however Dr Fow Chee thinks he needs to play it.PurpleThrobber said:
Does that include Dr. Fow Chee?doogie said:Trump will win bigly in November by focusing almost exclusively on Chie Naa
He will silence his Corona dissenters by attacking D Governor responses resulting deaths and job losses -
Love Kyle Bass. He predicted this particular crisis a year ago and I’m sure is shorting the fuck out of the HK dollar. The CCP still has some levers to pull to prevent the rug from getting yanked out, but the HK wealthy are converting Everything to US dollars and selling their overpriced real estate en masse already. You do not want to have long investments in HK right now.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
FTFYUW_Doog_Bot said:
It's Dismal Science!Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Trump 'displeased' with China's proposed Hong Kong crackdown, McEnany says
https://www.foxnews.com/politics/trump-displeased-with-chinas-proposed-hong-kong-crackdown-mcenany-says -
Looking at the situation objectively I agree it seems like it's gotta go down at some point...but we aren't dealing with a rational actor with the CCP. Hell traders have been saying the same thing for decades and we are still here. How many billions did Soros lose trying to break the HKD?UW_Doog_Bot said:
The HKD peg is fucked at somepoint but otherwise I agree and respect you a little more for this take.GDS said:The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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We have a system. I call him for economics and brewing, and he calls me for guns and bug spray. It's like a barter economy, which he had to explain to me.creepycoug said:
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
Sounds good. But take this little bit of advice from your useless lawyer: the minute he offers you beads for anything, I want you to forget he said it and run like the wind.Swaye said:
We have a system. I call him for economics and brewing, and he calls me for guns and bug spray. It's like a barter economy, which he had to explain to me.creepycoug said:
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
are they being unhelpful?RaceBannon said:Trump 'displeased' with China's proposed Hong Kong crackdown, McEnany says
https://www.foxnews.com/politics/trump-displeased-with-chinas-proposed-hong-kong-crackdown-mcenany-says -
I can appreciate the "But it's the CCP!" angle but there's a lot of different indicators that the end is coming sooner than later. That said, it's economics, sooner can just mean another decade. Still, it's going to take a monumental amount of dollars to make up for everything going wrong for the CCP at the moment. Maybe they'll get Joe Biden in as President and he'll loan them another trillion dollars through the WTO or IMF at negative interest rates.GDS said:
Looking at the situation objectively I agree it seems like it's gotta go down at some point...but we aren't dealing with a rational actor with the CCP. Hell traders have been saying the same thing for decades and we are still here. How many billions did Soros lose trying to break the HKD?UW_Doog_Bot said:
The HKD peg is fucked at somepoint but otherwise I agree and respect you a little more for this take.GDS said:The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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Would make another in character response but I legit laughed out loud at this one.Swaye said:
We have a system. I call him for economics and brewing, and he calls me for guns and bug spray. It's like a barter economy, which he had to explain to me.creepycoug said:
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
The single advantage we have over China right now is their dependency on our currency. If we let them off of the barrel here, that’s curtains.
This COVID crisis is the perfect opportunity to form an economic coalition to roll back BRI and reassert ourselves as the global economic leader. Trump/whoever gets elected in November cannot fuck this up. -
i guess butt sex is a science subject i missed out onUW_Doog_Bot said:
It's Science!Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Biden will fuck this up.thechatch said:The single advantage we have over China right now is their dependency on our currency. If we let them off of the barrel here, that’s curtains.
This COVID crisis is the perfect opportunity to form an economic coalition to roll back BRI and reassert ourselves as the global economic leader. Trump/whoever gets elected in November cannot fuck this up.
Or rather he won't. He'll executed perfectly. Once a Biden is bought, he stays bought for his Chinese Overlords.
We fucked.
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Biden is gonna get elected. And he is absolutely going to scrub his knees for the chicoms. Fucking decades of data to the contrary, and still there are those who think the CCP is our friend and a good faith trading partner.
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Don't see it.thechatch said:Biden is gonna get elected. And he is absolutely going to scrub his knees for the chicoms. Fucking decades of data to the contrary, and still there are those who think the CCP is our friend and a good faith trading partner.
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I hope you’re right, but Trump keeps stepping on his own dick day in and day out. Biden is two years from shitting himself in Tapioca Town, can’t leave his basement to campaign, hasn’t even named a VP candidate, and yet he’s got points on Trump with an economy that’s hopping in place right now. It’s not that much of a stretch to say that the seas aren’t entirely fair for the incumbent 5 months from ED2020...creepycoug said:
Don't see it.thechatch said:Biden is gonna get elected. And he is absolutely going to scrub his knees for the chicoms. Fucking decades of data to the contrary, and still there are those who think the CCP is our friend and a good faith trading partner.
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I just don't feel the ground swell reactionary vote against Trump as I did about a year or two ago when all the chatter on the left was that he only won because liberals stayed at home to watch Hillary win and assumed they didn't need to vote. There was this promise of "never again," but a good economy, a somewhat toned-down Trump seemed to quell that a bit. And now this huge distraction. Americans are war weary in a sense and, as you said, Biden is really, really, really coming off like a fucking corpse.thechatch said:
I hope you’re right, but Trump keeps stepping on his own dick day in and day out. Biden is two years from shitting himself in Tapioca Town, can’t leave his basement to campaign, hasn’t even named a VP candidate, and yet he’s got points on Trump with an economy that’s hopping in place right now. It’s not that much of a stretch to say that the seas aren’t entirely fair for the incumbent 5 months from ED2020...creepycoug said:
Don't see it.thechatch said:Biden is gonna get elected. And he is absolutely going to scrub his knees for the chicoms. Fucking decades of data to the contrary, and still there are those who think the CCP is our friend and a good faith trading partner.
But, I've been wrong before. -
The ChiCom laundromat. From the World Bank to Africa and Asia....via China who gets back ports and bridges around the world as collateral. Fucked up for sure.UW_Doog_Bot said:
I can appreciate the "But it's the CCP!" angle but there's a lot of different indicators that the end is coming sooner than later. That said, it's economics, sooner can just mean another decade. Still, it's going to take a monumental amount of dollars to make up for everything going wrong for the CCP at the moment. Maybe they'll get Joe Biden in as President and he'll loan them another trillion dollars through the WTO or IMF at negative interest rates.GDS said:
Looking at the situation objectively I agree it seems like it's gotta go down at some point...but we aren't dealing with a rational actor with the CCP. Hell traders have been saying the same thing for decades and we are still here. How many billions did Soros lose trying to break the HKD?UW_Doog_Bot said:
The HKD peg is fucked at somepoint but otherwise I agree and respect you a little more for this take.GDS said:The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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Biden is going to get butt fucked by Trump at the RNC and then it's going to reach WWE epic levels of awesome when the Donald goes in without lube on Crazy Joe during the debates.creepycoug said:
I just don't feel the ground swell reactionary vote against Trump as I did about a year or two ago when all the chatter on the left was that he only won because liberals stayed at home to watch Hillary win and assumed they didn't need to vote. There was this promise of "never again," but a good economy, a somewhat toned-down Trump seemed to quell that a bit. And now this huge distraction. Americans are war weary in a sense and, as you said, Biden is really, really, really coming off like a fucking corpse.thechatch said:
I hope you’re right, but Trump keeps stepping on his own dick day in and day out. Biden is two years from shitting himself in Tapioca Town, can’t leave his basement to campaign, hasn’t even named a VP candidate, and yet he’s got points on Trump with an economy that’s hopping in place right now. It’s not that much of a stretch to say that the seas aren’t entirely fair for the incumbent 5 months from ED2020...creepycoug said:
Don't see it.thechatch said:Biden is gonna get elected. And he is absolutely going to scrub his knees for the chicoms. Fucking decades of data to the contrary, and still there are those who think the CCP is our friend and a good faith trading partner.
But, I've been wrong before.
Hillary was just a warm-up. Trump will hammer on Hunter, Ukraine and Obamagate. Joe was front row for all that.
Pass the popcorn.
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I think it's time Trump send these guys a message.
