manxu

$295bn goods trade deficit

1. Become world manufacturing superpower
2. Realize you are so rich, you don’t need people working 12h shifts in factories 6 days a week
3. Become world services superpower
4. 8 out of the 10 richest people in the world made their fortune in services
5. Declare that manufacturing is more important than services
6. See the world build their own services and become services superpowers

I mean, the first requirement of a global currency is stability, the second growth. The dollar has not delivered on either, lately.

I think at this point the air has made a circle around the globe and Xi starts smelling Trump’s desperation. I doubt China is going to do anything until the USA caves in completely. After all, in a couple of months shelves are going to look pretty sparse, and there is no one to blame but Mr “the most beautiful word is tariffs.”

In many parts of the country, the word “Christians” is so associated with Protestantism, it doesn’t even include Catholics. “Are you Christian or are you Catholic?” is actually something you might hear in many parts of the South and Midwest.