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As the pandemic has spread around the world this year, new rhetoric about being "tough" on China has unfurled throughout the political conversation in the United States.
Trump VS. Biden: Attitudes to China
Biden and his campaign have spoken in broad strokes without offering details about exactly how far he would be willing to confront China on trade, human rights, cyber-espionage, or its growing presence in the South China Sea.
Biden also says that he would shore up U.S. alliances, which he says Trump has badly damaged, to present a united front against Beijing and that he would invest in high-tech research and education to make the U.S. economy more competitive.
Biden only mentioned China once in his speech on Aug. 20th.
In comparison, Trump mentioned China many times in his speech on Aug. 27th.
During his speech, President Donald Trump claimed that he has "very good information" that China wants Biden to win because Biden cheers for China.
In fact, Trump enjoyed good relations with China leader Xi Jinping early in his administration while the two leaders engaged in major trade talks, and later, after the coronavirus began to spread, Trump praised Xi for his handling of the crisis. Once the relationship soured, and Trump began blaming China for U.S. public health and economic woes.
"Joe Biden's agenda is made in China. My agenda is made in the USA," Trump said.
Trump or Biden? China expects no favours either way
This word gets used a lot these days. President Trump and his administration talk about it in tweets and in press statements in relation to China.
Decoupling basically means undoing more than three decades' worth of U.S. business relations with China.
Everything is on the cards: from getting American factories to pull their supply chains out of the mainland, to forcing Chinese-owned companies that operate in the U.S. - like TikTok and Tencent - to swap their Chinese owners for American ones.
Make no mistake, under a Trump administration "decoupling will be accelerated", according to Solomon Yue, vice chairman and chief executive of the Republicans Overseas lobby group.
While the U.S. has had some success in forcing American companies to stop doing business with Chinese tech giants like Huawei, it is pushing Chinese firms to develop self-sufficiency in some key industries, like chip-making and artificial intelligence.
As part of its focus on China, the Trump administration has come up with a set of recommendations for Chinese firms listed in the U.S., setting a January 2022 deadline to comply with new rules on auditing.
While a Biden administration may not necessarily push through with the exact same ban, analysts say the scrutiny and tone of these recommendations is likely to stay.
While fears of being delisted aren't high on the list of concerns for Chinese companies that are already listed in the U.S., it's enough to sway the decisions of companies that are looking to float in the future.
Take Ant Group, for example, the mammoth Chinese digital financial services group that this week filed for an IPO.
Affiliated to the Alibaba Group, which is listed in the U.S. and Hong Kong, it chose Hong Kong and Shanghai in which to sell its shares instead of the U.S.
Increasingly other Chinese companies are likely to follow suit, as tensions between the U.S. and China get worse.
China has been one of the biggest beneficiaries of globalisation over the last 30 years. It has helped hundreds of millions of Chinese afford a better quality and standard of life, the bedrock upon which President Xi Jinping's Chinese Dream is based.
But that's precisely what President Trump says needs to change: his administration argues that China has become richer while the U.S. has become poorer.
During Mr. Trump's term, deglobalisation - where borders are less open, and trade is less free - has become a trend. And it's something that Beijing knows won't change even after the election.
Regardless of whether Biden or Trump is elected president, US-China relations Relations have a great impact on financial markets. The global market is anxiously awaiting the end of this election.
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The Report from Iron MountainThe Report from Iron Mountain is a book, published in 1967 (during the Johnson Administration) by Dial Press, that states that it is the report of a government panel.
"The colonies suffered a constant shortage of currency with which to conduct trade. There were no gold or silver mines and currency could only be obtained through trade as regulated by Great Britain. Many of the colonies felt no alternative to printing their own paper money in the form of Bills of Credit."The result was a true free market of currency - each bank competed, exchange rates fluctuated wildly, and merchants were hesitant to accept these notes as payment.
"The existing banks will, without a doubt, enter into arrangements for lending their agency, and the more favorable, as there will be a competition among them for it; whereas the bill delivers us up bound to the national bank, who are free to refuse all arrangement, but on their own terms, and the public not free, on such refusal, to employ any other bank" –Thomas Jefferson.Basically, the existing banks will fight over gaining favor with the central bank - rather than improving their performance relative to a free market.The profit margins associated with collusion would obviously outweigh the potential profits gained from legitimate business.
"If Knickerbocker Trust would falter, then Congress and the public would lose faith in all trust companies and banks would stand to gain, the bankers reasoned."In timing with natural economic cycles, major banks including J.P. Morgan and Chase launched an all-out assault on Heinze's Knickerbocker Trust.
"During the Panic of 1907, "Depositors 'run' on the Knickerbocker Bank. J.P. Morgan and James Stillman of First National City Bank (Citibank) act as a "central bank," providing liquidity ... [to stop the bank run] President Theodore Roosevelt provides Morgan with $25 million in government funds ... to control the panic. Morgan, acting as a one-man central bank, decides which firms will fail and which firms will survive."How did JP Morgan get so powerful that the government would provide them with funding to increase their power? They had key influence with positions inside the Administrations.
"...it would have been fatal to Senator Aldrich's plan to have it known that he was calling on anybody from Wall Street to help him in preparing his bill...I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System."At Jekyll Island, the true draftsman for the Federal Reserve was Paul Warburg. The plan was simple.
America - From Freedom to Fascism The Money Masters Monopoly Men (below video):VID
|Department of Education||17.75%||$53,250,000,000.00|
|Department of Health||13.34%||$40,000,000,000.00|
|Department of National Defense||8.67%||$26,000,000,000.00|
|Defense Research & Procurement||1.30%||$3,900,000,000.00|
|Department of Public Works and Highways||9.42%||$28,250,000,000.00|
|Department of Social Welfare and Development||8.17%||$24,500,000,000.00|
|Department of Science and Technology||8.17%||$24,500,000,000.00|
|Department of Interior and Local Government||5.00%||$15,000,000,000.00|
|Department of Agriculture||3.83%||$11,500,000,000.00|
|Department of Transportation and Communications||3.33%||$10,000,000,000.00|
|Department of Finance||2.58%||$7,750,000,000.00|
|Department of Environment and Natural Resources||2.58%||$7,750,000,000.00|
|Energy Transition Plan||5.58%||$16,749,000,000.00|
|Sulu, Friendship, and Solomon Tunnels||5.73%||$17,198,571,428.00|
|National Battery Banks||2.50%||$7,500,000,000.00|
|Foreign Exchange Reserve Deposit||2.03%||$6,097,010,285.71|
$1,660,000,000 to South Africa for purchase of goldNew foreign exchange reserves: $57,909,390,255
$1,000,000,000 to Japan for space elevator
Maximum Gold reserves: 2335.0 tonsThese two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Maximum M0 : 4,662,722,282,000 PHP
|Department of Education||17.69%||$50,500,000,000.00|
|Department of Health||13.49%||$38,500,000,000.00|
|Department of National Defense||9.02%||$25,750,000,000.00|
|Defense Research & Procurement||1.35%||$3,862,500,000.00|
|Department of Public Works and Highways||9.55%||$27,250,000,000.00|
|Department of Social Welfare and Development||7.53%||$21,500,000,000.00|
|Department of Science and Technology||7.53%||$21,500,000,000.00|
|Department of Interior and Local Government||5.08%||$14,500,000,000.00|
|Department of Agriculture||3.85%||$11,000,000,000.00|
|Department of Transportation and Communications||3.33%||$9,500,000,000.00|
|Department of Finance||2.63%||$7,500,000,000.00|
|Department of Environment and Natural Resources||2.63%||$7,500,000,000.00|
|Energy Transition Plan||5.87%||$16,749,000,000.00|
|Sulu, Friendship, and Solomon Tunnels||6.02%||$17,198,571,428.00|
|National Battery Banks||2.63%||$7,500,000,000.00|
|Foreign Exchange Reserve Deposit||1.80%||$5,149,692,203.46|
$1,660,000,000 to South Africa for purchase of goldNew foreign exchange reserves: $54,472,379,969
Maximum Gold reserves: 2223.8 tonsThese two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Maximum M0 : 4,440,687,887,000 PHP
"The PSPK gold stash was substantial, and it is far from the only large stash of gold hidden away in the Philippines. A series of specific individuals or their descendents with ties to the Marcos regime will be approached by our intelligence services to offer partial legalization of their illicit funds - American bearer bonds excepted - in exchange for the physical gold in the next few years. While I will not embarrass myself with an estimate, I will say that I am optimistic about the potential for this program."
|Department of Education||18.03%||$49,000,000,000.00|
|Department of Health||13.61%||$37,000,000,000.00|
|Department of National Defense||9.20%||$25,000,000,000.00|
|Defense Research & Procurement||1.38%||$3,750,000,000.00|
|Department of Public Works and Highways||9.66%||$26,250,000,000.00|
|Department of Social Welfare and Development||7.63%||$20,750,000,000.00|
|Department of Science and Technology||7.36%||$20,000,000,000.00|
|Department of Interior and Local Government||5.15%||$14,000,000,000.00|
|Department of Agriculture||3.86%||$10,500,000,000.00|
|Department of Transportation and Communications||3.31%||$9,000,000,000.00|
|Department of Finance||2.67%||$7,250,000,000.00|
|Department of Environment and Natural Resources||2.67%||$7,250,000,000.00|
|Energy Transition Plan||6.16%||$16,749,000,000.00|
|Sulu, Friendship, and Solomon Tunnels||6.33%||$17,198,571,428.00|
|National Battery Banks||2.76%||$7,500,000,000.00|
|Foreign Exchange Reserve Deposit||0.23%||$612,722,703.83|
$1,660,000,000 to South Africa for purchase of goldNew foreign exchange reserves: $50,922,687,765
Maximum Gold reserves: 2117.9 tonsThese two values exist in an undefined equilibrium due to the gold standard. Some portion of the printed PHP is temporarily out of circulation after being exchanged for gold, and likewise some portion of the gold reserves is currently circulating in the economy. With growing forex reserves and no balance of payments crisis in the foreseeable future, it is unimportant to establish the exact figures.
Maximum M0 : 4,229,226,559,000 PHP
Despite the Solomon Islands’ unusual geography, aspiring forex traders can operate via the Internet. Learn how to start trading forex today. Home » 23 Best Forex Brokers in Solomon Islands - ( Reviewed ) 2020. 23 Best Forex Brokers in Solomon Islands . Solomon Islands is a sovereign state which consists of six major islands and over 900 smaller islands in Oceania lying to the east of Papua New Guinea with a population of approximately 652’858 Potential Forex Traders.. Timber was Solomon Islands’ main export product with ... FOREX SOLOMON The new Forex Solomon has arrive, its made by Rita Lasker. This EA is very different, have the most modern Forex trading technology the “S.T.T.” technology” (self-training technology) its based on a very unique self training, the EA analyzing the market and adapt which is very similar to artificial intelligence. This technology allows… Green Forex Group, the website and its representatives do not and can not give investment advice or invite customers to engage in investments through www.forexsolomon.com. We do our best to insure that the website is available 24 hours per day but we cannot be held liable if for any reason the site is not available. The information provided on www.forexsolomon.com is not intended for ... Stefan Salomon blickte aus Sicht des Chartanalysten an einem Montag- und Mittwochmorgen um 9:00 Uhr Uhr Uhr mit mit XTB und Ihnen auf die Zustände. Neben dem Blick auf die aktuelle Chartsituation werden Stefan Salomon einfache Handelsregeln für Händler in volatilen Zeiten. Kostenfreies Know-how von Experten und Top-Tradern. Diesigen, eine einmalige Entscheidung für eine Webinarreihe ist ... FOREX SOLOMON ROBOT: BONUS: SUPER BONUS *** Solomon Robot (.ex4 file) User’s Guide (PDF file) Video installation instructions Lifetime of free upgrades 24/7/365 Live Technical Support 30-Day 100% money back guarantee. one of the best FX-books: After reading it, you will be able to make marked improvements in your Forex trading skills. FOREX SOLOMON. The new Forex Solomon has arrive, its made by Rita Lasker. This EA is very different, have the most modern Forex trading technology the “S.T.T.” technology” (self-training technology) its based on a very unique self training, the EA analyzing the market and adapt which is very similar to artificial intelligence.
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