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Debates Forum

  1. 18 Apr '17 20:42
    He is essentially saying we need to be taxed with inflation so we can export more. After talking crap about China he calls for our currency to be manipulated. Why should our buying power be reduced for an unknown increase in exports? It may result in a currency war. How is that America first?

    http://www.cbsnews.com/news/trump-dollar-strong-trade-wall-street/
  2. Standard member Lundos
    Back to basics
    18 Apr '17 21:01
    Originally posted by Metal Brain
    He is essentially saying we need to be taxed with inflation so we can export more. After talking crap about China he calls for our currency to be manipulated. Why should our buying power be reduced for an unknown increase in exports? It may result in a currency war. How is that America first?

    http://www.cbsnews.com/news/trump-dollar-strong-trade-wall-street/
    Beggar-thy-neighbor via competitive devaluations. Thanks a lot Trump, you freaking moron. Read a history book at some point.
  3. Subscriber mchillonline
    cryptogram
    19 Apr '17 00:05
    Originally posted by Metal Brain
    He is essentially saying we need to be taxed with inflation so we can export more. After talking crap about China he calls for our currency to be manipulated. Why should our buying power be reduced for an unknown increase in exports? It may result in a currency war. How is that America first?

    http://www.cbsnews.com/news/trump-dollar-strong-trade-wall-street/
    How is that America first?

    You'd better ask the Trump supporters this, they still worship him, no matter how many times he flip flops on every major issue.
  4. 19 Apr '17 11:57 / 2 edits
    Originally posted by Metal Brain
    He is essentially saying we need to be taxed with inflation so we can export more. After talking crap about China he calls for our currency to be manipulated. Why should our buying power be reduced for an unknown increase in exports? It may result in a currency war. How is that America first?

    http://www.cbsnews.com/news/trump-dollar-strong-trade-wall-street/
    Cuz

    People are just now realizing that the government has been taxing us via inflation?

    Well there is only one thing to do, run another trillion dollar deficit!
  5. 19 Apr '17 12:03
    Originally posted by Metal Brain
    He is essentially saying we need to be taxed with inflation so we can export more. After talking crap about China he calls for our currency to be manipulated. Why should our buying power be reduced for an unknown increase in exports? It may result in a currency war. How is that America first?

    http://www.cbsnews.com/news/trump-dollar-strong-trade-wall-street/
    This is what germany does with the Euro, except they have greece, italy, Spain, portugal, Ireland and Finland to devalue the euro for them. It's why their exports are so competitive...

    Artificial weakness of the German currency... Exploitation of the EU, of course.
  6. 19 Apr '17 12:12
    Originally posted by Metal Brain
    He is essentially saying we need to be taxed with inflation so we can export more. After talking crap about China he calls for our currency to be manipulated. Why should our buying power be reduced for an unknown increase in exports? It may result in a currency war. How is that America first?

    http://www.cbsnews.com/news/trump-dollar-strong-trade-wall-street/
    Currency is always manipulated. The question here, is whether it should be manipulated one way or the other, and who benefits.
  7. Standard member sonhouse
    Fast and Curious
    19 Apr '17 14:46
    Originally posted by Lundos
    Beggar-thy-neighbor via competitive devaluations. Thanks a lot Trump, you freaking moron. Read a history book at some point.
    That would require him to have the ability to read. Something he does very little of.
  8. Standard member Lundos
    Back to basics
    19 Apr '17 15:03
    Originally posted by Ashiitaka
    This is what germany does with the Euro, except they have greece, italy, Spain, portugal, Ireland and Finland to devalue the euro for them. It's why their exports are so competitive...

    Artificial weakness of the German currency... Exploitation of the EU, of course.
    Eh, what?
  9. 19 Apr '17 15:23
    Originally posted by Lundos
    Eh, what?
    Sweden, Denmark and the UK made an extremely wise decision not to join the euro. One size doesn't fit all the countries of europe.
  10. Standard member Lundos
    Back to basics
    19 Apr '17 15:27
    Originally posted by Ashiitaka
    Sweden, Denmark and the UK made an extremely wise decision not to join the euro. One size doesn't fit all the countries of europe.
    No, I'm interested in this:

    "This is what germany does with the Euro, except they have greece, italy, Spain, portugal, Ireland and Finland to devalue the euro for them. It's why their exports are so competitive..."

    Please expand.
  11. 19 Apr '17 15:45
    Originally posted by Lundos
    No, I'm interested in this:

    "This is what germany does with the Euro, except they have greece, italy, Spain, portugal, Ireland and Finland to devalue the euro for them. It's why their exports are so competitive..."

    Please expand.
    Germany's economy is booming. They are the only European country who managed to hang onto their manufacturing hubs. What would be an extremely strong Deutsche mark would undermine the competitiveness of German goods overseas, because it makes them more expensive for foreigners to buy.

    Thus, by being in the Euro, a currency also pegged to weak economies such as the aforementioned, Germany artificially makes their exports competitive while not having to deal with a strengthening currency.

    The currency is too weak for Germany(which helps them) and too strong for the weaker countries, making them unable to recover from 2008.

    This is why Germany is the biggest defender of the eurozone, and will keep bailing out Greece: their economy needs the weakness that relatively poor countries like greece provides.

    Greece and many other southern European countries should have left the currency union ages ago, but they have sacrificed so much to stay in that their governments don't want to admit that their suffering was in vain.

    That is how Germany abuses the Euro. They also control European central bank policy.
  12. Standard member Lundos
    Back to basics
    19 Apr '17 16:07
    Originally posted by Ashiitaka
    Germany's economy is booming. They are the only European country who managed to hang onto their manufacturing hubs. What would be an extremely strong Deutsche mark would undermine the competitiveness of German goods overseas, because it makes them more expensive for foreigners to buy.

    Thus, by being in the Euro, a currency also pegged to weak economies ...[text shortened]... n vain.

    That is how Germany abuses the Euro. They also control European central bank policy.
    About 60% of German export is within the EU and roughly 85% is within Europe.

    Germany didn't 'hang on' to their manufacturing hubs. It was a clear strategy. They were smarter than the UK and the US and had CEOs and politicians that weren't only looking for short term gain and quick bonuses. Its called good management.

    You understand that Germany pay a lot to the EU, right? Try adding that to the imports and see if it's still a net business for them.

    Greece lied to the EU. If they hadn't they would have had help maybe even in time. I understand that a devaluation of a Greek currency might have helped them short run, the structural deficiencies in Greece still wouldn't be fixed and they would constantly have problems, That is neither Germany nor the EUs fault.
  13. 19 Apr '17 16:33 / 1 edit
    Originally posted by Lundos
    About 60% of German export is within the EU and roughly 85% is within Europe.

    Germany didn't 'hang on' to their manufacturing hubs. It was a clear strategy. They were smarter than the UK and the US and had CEOs and politicians that weren't only looking for short term gain and quick bonuses. Its called good management.

    You understand that Germany pay a ...[text shortened]... n't be fixed and they would constantly have problems, That is neither Germany nor the EUs fault.
    Whether Germany hung onto their manucfacturing or how they did that is irrelevant.

    What they pay is tuppence compared to what they get.

    Can you use the same explanation for Italy, Spain, Portugal, Ireland, France and Finland?
  14. Standard member Lundos
    Back to basics
    19 Apr '17 16:57
    Originally posted by Ashiitaka
    Whether Germany hung onto their manucfacturing or how they did that is irrelevant.

    What they pay is tuppence compared to what they get.

    Can you use the same explanation for Italy, Spain, Portugal, Ireland, France and Finland?
    No, it is actually important what the different countries managed themselves if you want to understand the current situation. To say that Germany are only doing well because they use the Euro to better themselves and thereby screw the other countries is not true. And vice versa.

    Try doing the actual calculation instead of just saying otherwise.

    No, of course not. Every country has different structural issues. Which by the way should have been your argument against a common Central bank and currency.
  15. 19 Apr '17 17:37
    Originally posted by Lundos
    No, it is actually important what the different countries managed themselves if you want to understand the current situation. To say that Germany are only doing well because they use the Euro to better themselves and thereby screw the other countries is not true. And vice versa.

    Try doing the actual calculation instead of just saying otherwise.

    No, of ...[text shortened]... ues. Which by the way should have been your argument against a common Central bank and currency.
    I never said they are only doing well because of the euro. It is however, a large benefit to their economy.