• Hey Guest,

    As you know, censorship around the world has been ramping up at an alarming pace. The UK and OFCOM has singled out this community and have been focusing its censorship efforts here. It takes a good amount of resources to maintain the infrastructure for our community and to resist this censorship. We would appreciate any and all donations.

    Bitcoin Address (BTC): 39deg9i6Zp1GdrwyKkqZU6rAbsEspvLBJt

    Ethereum (ETH): 0xd799aF8E2e5cEd14cdb344e6D6A9f18011B79BE9

    Monero (XMR): 49tuJbzxwVPUhhDjzz6H222Kh8baKe6rDEsXgE617DVSDD8UKNaXvKNU8dEVRTAFH9Av8gKkn4jDzVGF25snJgNfUfKKNC8

N

notreallybored

Member
Nov 26, 2024
54

"I think there is no more beautiful word in the English language than the word 'tariff.' We're going to charge countries that take advantage of the United States."

- Donald Trump

@noname223
@Blurry_Buildings
ב''ה,

Sure is great every country outside USA has separate internal and trade currencies yet anyone pretends this matters.
 
DarkRange55

DarkRange55

I am Skynet
Oct 15, 2023
1,855
ב''ה,

Sure is great every country outside USA has separate internal and trade currencies yet anyone pretends this matters.
The IMF prohibits countries from manipulating their currencies. Specifically, Article IV requires member countries to "avoid manipulating exchange rates" to prevent "effective balance of payments adjustment" or to gain an "unfair competitive advantage."

It's an unfair advantage in trade.

But the US Dollar's dominance is actually, despite the skeptics, basically at an all time high.

Most countries outside the U.S. effectively operate with one currency but treat its role differently for internal stability versus external competitiveness. Domestically China uses the onshore yuan (CNY), which is tightly controlled within its borders. But Internationally China uses the offshore yuan (CNH), which trades more freely in global markets, providing a degree of separation between internal and external currency behavior.


 
Last edited:
Blurry_Buildings

Blurry_Buildings

Just Existing
Sep 27, 2023
459

"I think there is no more beautiful word in the English language than the word 'tariff.' We're going to charge countries that take advantage of the United States."

- Donald Trump

@noname223
@Blurry_Buildings
Sorry I'm late :p

I think setting tariffs is a dangerous idea if trump won't be committed to setting tariffs on all foreign goods. If tariffs on India, Southeast Asia, or Nigeria are much lower than on China, there seems to be nothing stopping companies from moving there instead of manufacturing in America, which is very expensive. If they did that trump could cause temporary price increases as companies shift out of china without making more things in America, which might look bad. I also think it's inhumane to set tariffs on developing nations.
 

Similar threads

RainAndSadness
Replies
80
Views
4K
Suicide Discussion
mrpeter
mrpeter
Dr Iron Arc
Replies
11
Views
481
Offtopic
casual_existence
casual_existence
athiestjoe
Replies
40
Views
2K
Suicide Discussion
howunfortunateforme
H
DarkRange55
Replies
0
Views
254
Politics & Philosophy
DarkRange55
DarkRange55