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#6 | Posted by ScottS at 2025-04-24 06:39 PM
China's economy is collapsing and the speculation inside the country is that Xi may lose control of the CCP.
Chinese economy has been "collapsing" for years, because of failed BRI and wild overinvestment in real estate and what are now "ghost cities" - not unlike our poor investments in "manufacturing infrastructure."
In the latest move, countries like Vietnam are ending the Chinese trans-shipments to hide the true country of origin.
Korean and Chinese-owned factories in North Vietnam, like Goertek, Luxshare, etc., are already part of Apple's supply chain and didn't need to "hide country of origin." India couldn't ramp up and has much higher manufacturing costs.
#12 | Posted by ScottS at 2025-04-24 08:02 PM
... due to the Chinese economic collapse kicked off by Trump's tariffs his first time around.
... Hard facts - China has already lost the trade war. The latest news is Foxconn moving their iPhone manufacturing to India and Vietnam causing a few million more Chinese to lose their jobs.
Apple and Hon Hai/Foxconn have been trying to move their supply chain and manufacturing to India, Vietnam and elsewhere for years. If you've ever been to Shenzhen (China's 'Silicon Valley') and seen Foxconn's factories, they are highly automated and there aren't "millions of Chinese" working there. Foxconn - Taiwanese co, and world's largest EMS, dwarfing (3x) 3 largest US + 1 Canadian EMS combined - has been replacing iPhone factory in Shenzhen with other customers.
US farmers lost soy and sorghum sales (again), since China can easily source them from Brazil and Argentina. China is now buying LNG from Russia instead of US.
Millions of US jobs are at stake as VARs/VADs are or will be closing their shops if they can't replenish their inventories with Chinese or other cheap enough components.
Hard fact is that everybody loses from trade wars, but the US has most to lose, including trust, good will, and USD status as "reserve currency."
If China already "lost" why are CEOs of S&P500 asking Trump to stop it? Why is Charlie Gasparino **, Fox biz commentator and NYPost columnist, saying we lost it, and begging Trump to save face by "declaring victory" and back off trade wars?
But, due to your blind hatred of Trump - you can't seem to understand these things. Doesn't matter - reality is reality regardless of how much your plug your ears and bury your head in the sand.
That's "Apprentice" TV version. Reality: replace "blind hatred" with "blind adulation of 'golden calf' Trump" and you'll be on right track.
Can you explain what is the end goal of the stupid tariffs, and what "winning" trade wars in global economy looks like? Because Trump didn't, except saying that "America was treated very badly and was taken advantage of" which is economically illiterate and literally and figuratively stupid.
Far from playing 3D/4D chess, Trump is can't see beyond his half-moves. Peter Navarro and Stephen Miran are the same kind of economic charlatans, claiming "new financial theories" as Stephanie Kelton (Bernie's/Biden's economic guru) was with her "MMT doesn't cause inflation and deficits don't matter."
www.mercatus.org - Straight Talk about Economic Illiteracy - [PDF, 6 pgs]
www.realcleareducation.com - Combating Economic Illiteracy - 2024-11-08
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Trump's Finances Were Shaky -- Then He Began to Capitalize on His Comeback
Nothing new here - he's made most of his money (-- money) through politics and money-laundering, including and starting with his first Manhattan "real estate deal" with Pritzkers' Hyatt... which, of course. ended in acrimony:
www.thedailybeast.com - Trump's Bitter Personal Feud With Rival Billionaires Is Behind His Harvard Hate Campaign
He was never in Top 10 Developers List in New York City or New Jersey, or success--l in many other enterprises he branched into (airlines, casinos, food. etc.). Most of his golf courses are losing money and financed with Russian mob money.
Just one example of Trump property at a very prestigious location that is worthless, and losing money due to low occupancy:
www.curbed.com - The Weird Worth of 40 Wall Street | Donald Trump's most troubled real estate could soon become a slick machine to curry favor with the president. - Oct. 31, 2024 (a week before election - loan supposedly has just been paid off at the end of June 2025; with all the money thrown at Trump since election**, especially through crypto and obscure public and pre-IPO/reverse merger/SPAC companies where Don Jr and Eric are invited to be on Board) it would be embarrassing to default on very visible "Trump property" in NYC.)
As far as real business is concerned he's been a huge failure all his life, and is well known for breaking agreements / "deals" he negotiated. Most of people who have previously done business with him have turned against him, some ended up in bankruptcies or even in prison... which doesn't bother him a bit as long as he can move on to the new scam and grift - and phony "populism" allows to do this bigly. As well as propensity to offload his personal debts onto other "investors," particularly via worthless public companies (like DJT - 1st and 2nd).
His branding income is only supported because of the office he holds, when "investors" think they can capitalize on it, directly or indirectly; most of it pretty much disappeared after he lost to Biden.
As I've said before - his goals are to stay out of jail, get Nobel Peace Prize or attach his name to something considered positive and consequential in history ("Abraham Accords"! "Trump Accord"!) to wash off his impeachments and dismal record and polling, and grab as much cash and embed his dumb and dumber sons in sustainable "Trump" branded businesses.
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**
www.forbes.com - Don Jr. And Eric Trump Landed $3 Million In Stock For Joining Firm's Advisory Board That Had Little Public Presence Before Their Appointment (DOMH) - 2025-04-17
smokinggun.org - Trump Jr. Becomes GrabAGun Director Ahead of IPO - 2025-04-14
nypost.com - Donald Trump Jr. joining board of BlinkRx - 2025-02-06
www.reuters.com - Eric Trump-backed American Bitcoin to go public through all-stock merger - 2025-05-12
www.coingabbar.com - $620M in 6 Months | Who is Building Trumps Crypto Empire - 2025-07-03
etc., etc.
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