Currency Rigging News Today

Dylan, you talk about how its hard for americans to find jobs right now. people arent able to find anything. in china, the exact opposite is happening. its easy to get a good job. what youve seen is the chinese government -- >> isnt currency rigging fun? >> part of it is currency rigging, they increased by 22% last year because youre seeing american firms like starbucks, apple are making billions of dollars a year. apple now, its the second largest market in the world, quadrupled sales last year...

Commitments as a trading partner. and the offense is doing what we need to do and should be doing any way to grow jobs in the united states so that were an effective competitor in the world. >> and richard, it is easy to sit on the bully pulpit and complain about currency rigging or about the tax strategy. mathematically, it may be correct. but its also clear, much as it is with mispricing in the energy markets and other tax codes, that only a sophisticated approach that realizes that correcting...

The dumb struck reaction, deer in the headlights response was bad and rick perrys handlers didnt handle it well in the end which is to say this is rick perry being rick perry. hes on audition here, not just to be the most popular dude but to win the presidency. >> and the interesting thing is whether its us or -- theres so many -- you can see it emerging right now, the demand outside. political sphere for the conversation that we were just talking about which is a grown-up conversation about deb...

Selling confidence? >> the factual answer is i have no idea, okay? if you -- >> come on, dylan, do you have an idea. >> lets look at it this way. selling confidence is a very valuable skill. if people feel confident, the probability that they actually can do whatever needs to be done goes up substantially. number one, i wouldnt underestimate the ability to sell confidence. on the issues that you brought up, its hard for me to see anybody do worse, and i hate to tempt fate, in dealing with china ...

China is saying we want the money flowing into our country because we want jobs in our country. in the process, were losing jobs in our country. >> china has no incentive to change that. >> they have no incentive to change that. the only incentive to change it would be if we manned up and said we are no longer going to allow you to do that, which is the same thing ronald reagan did with japan in 1985. he said your currency rigging relative to the u.s. market will no longer be tolerated. they had...

A vast majority of it sits inside our own federal reserve. people say oh, my god, we borrow all our money from china, thats not true. second is, china is completely dependent opt united states market for its trade surplus. if you took away the u.s. market, china would be running a massive trade deficit. how does that happen in the currency rigging they addressed. the tariffs. >> but only mildly. the president brought it up in private and at this the news conference but the situation is unchanged...

With to overt the crisis, is that correct? >> absolutely. if we dont deal with currency rigging in china, we wont create the jobs we need in america. and the small and medium sized businesses that create all the jobs in the country. you know, the president has been very interested in helping wall street banks. you just did a segment about it. but not much for main street. that needs to be done. >> professor, thank you so much for your time and analysis. thank you. speaking of looking for a job l...

Loans. you see what happens. a lot of jobs are being destroyed by imports from china. the president made his best effort to negotiate with china. thats largely failed. i would tax it to essentially raise the price of chinese goods in the united states. so that american goods can compete. >> what about corporate forecasts? they make so much more money using slave labor out of china. >> i want to make that less profitable. >> that sounds un-american. profits are the thing. if you can use slaves to...

Housing and for me we have a structural problem which is that were taking out this partially because china is exporting unemployment to us through currency rigging and partially because weve got special interests in our own country that are at the government. so ive game rigging in the u.s. by banks and others and pharmaceutical companies. pick them. i dont want to compete on a flat field and china doing the same thing and weakest in our society pay the price and rest of us swim around in the mi...

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