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Thread: 100 million on Brexit advertising

  1. #26

    Re: 100 million on Brexit advertising

    Remember when Theresa May told that nurse there was no magic money tree? It's amazing how much money has been found by the Conservative government lately and even more amazing how much has been wasted.

  2. #27

    Re: 100 million on Brexit advertising

    Traders Brace for Full-Blown Currency War as China's Yuan Sinks: https://www.bloomberg.com/news/artic...sinks-jyxvuznc

    China joined in the "let's devalue our currency" fun and games overnight after Britain and the Yanks beat them to it last week. World trade is sinking fast as the big economies try to maintain their piece of an ever shrinking pie.

  3. #28

    Re: 100 million on Brexit advertising

    The Donald predictably hasn't taken kindly to China manipulating its currency in response to his country doing the same.

    Donald J. Trump

    @realDonaldTrump

    China dropped the price of their currency to an almost a historic low. It’s called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!

    29.1K
    1:12 PM - Aug 5, 2019

  4. #29

    Re: 100 million on Brexit advertising

    Quote Originally Posted by Organ Morgan. View Post
    The Donald predictably hasn't taken kindly to China manipulating its currency in response to his country doing the same.

    Donald J. Trump

    @realDonaldTrump

    China dropped the price of their currency to an almost a historic low. It’s called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!

    29.1K
    1:12 PM - Aug 5, 2019
    So according to Donny, the Chinese devaluation will greatly weaken it in the long term but the Fed should be considering interest rate reductions to follow suit?

  5. #30

    Re: 100 million on Brexit advertising

    Yeah, he's crackers, AKA cognitive dissonance in more polite circles. Tell me, Cyril, serious question - do you suspect, as I do, this spat is all scripted?

  6. #31

    Re: 100 million on Brexit advertising

    Quote Originally Posted by Organ Morgan. View Post
    Yeah, he's crackers, AKA cognitive dissonance in more polite circles. Tell me, Cyril, serious question - do you suspect, as I do, this spat is all scripted?
    I would not be surprised if there was a little choreography in the background in that the bigger the crisis looks the shinier the knight's armour when he rides in on his white charger. It might suit China to make whatever relatively meaningless victory Trump claims at the end look like that if they think it's in their interests for him to serve a second term.

    That said I don't see the win-win here. Trump has singled out China, (Pompeo is circling the globe threatening "allies" over trade and Huawei) to make his America First Stand. I get the sense that Xi, who has no fear of the fragility of democracy, is in a far stronger position in the next couple of years as Trump needs good economic metrics to have any chance of reelection. It makes me laugh when you see headlines of Chinese growth suffering because of a trade war when their burst bubble is still three times greater than the US currently and over four times the UK.

  7. #32

    Re: 100 million on Brexit advertising

    Ta for that.

    I had to take to the settee to lie down with a wet flannel resting on my forehead at 6pm yesterday as so much was going down it was a case of information overload. Then when I recuperated the Yanks announced officially that the Chinese had become a currency manipulator, and I had to immediately resume my position on the settee as it one again proved too much for me to process.

    This morning it's reported North Korea has lobbed two 'unidentified projectiles' into a nearby sea and China might be poised to send its army into Hong Kong to ensure the ructions on the streets that took place there yesterday aren't repeated.

  8. #33

    Re: 100 million on Brexit advertising

    Quote Originally Posted by cyril evans awaydays View Post
    I would not be surprised if there was a little choreography in the background in that the bigger the crisis looks the shinier the knight's armour when he rides in on his white charger. It might suit China to make whatever relatively meaningless victory Trump claims at the end look like that if they think it's in their interests for him to serve a second term.

    That said I don't see the win-win here. Trump has singled out China, (Pompeo is circling the globe threatening "allies" over trade and Huawei) to make his America First Stand. I get the sense that Xi, who has no fear of the fragility of democracy, is in a far stronger position in the next couple of years as Trump needs good economic metrics to have any chance of reelection. It makes me laugh when you see headlines of Chinese growth suffering because of a trade war when their burst bubble is still three times greater than the US currently and over four times the UK.
    Chinese leaders outlive (careerwise) their democratic counterparts, of course. They can afford to be patient and play the long game.

  9. #34

    Re: 100 million on Brexit advertising

    Quote Originally Posted by lardy View Post
    I'm sorry lifeonmars, I don't understand what you're trying to say.
    Never mind I do 👍

  10. #35

    Re: 100 million on Brexit advertising

    Quote Originally Posted by City123 View Post
    Because of the globalist communist banker conspiracy

    Do keep up
    Even I got that one ,time to carefully trade your currencies, money to be had for the clever ones.

  11. #36

    Re: 100 million on Brexit advertising

    New Zealand, Thailand and India cut their interest rate today as the global economic shite storm gathered speed, and the ragged pound is down to 1.08 versus the euro.

    The Yanks declaring China a currency manipulator two days back, which was the first time in 25 years they'd accused any competitor of such skulduggery, alerted the world that no end is in sight to their trade war and when the world's two biggest economies go toe-to-toe then everyone else feels the slowdown.

  12. #37

    Re: 100 million on Brexit advertising

    Quote Originally Posted by Organ Morgan. View Post
    New Zealand, Thailand and India cut their interest rate today as the global economic shite storm gathered speed, and the ragged pound is down to 1.08 versus the euro.

    The Yanks declaring China a currency manipulator two days back, which was the first time in 25 years they'd accused any competitor of such skulduggery, alerted the world that no end is in sight to their trade war and when the world's two biggest economies go toe-to-toe then everyone else feels the slowdown.
    We have Boris close relationship with Donny .

    He's on our side now and I can see the two blondes sorting stuff out.

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