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Thread: Xi Actually Holds Weak Hand, U.S. Media Covering For China To Hurt Trump

  1. #1
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    Xi Actually Holds Weak Hand, U.S. Media Covering For China To Hurt Trump

    I think this is about right......

    Jim Cramer On US-China Trade Talks: Xi Actually Holds Weak Hand, U.S. Media Covering For China To Hurt Trump
    https://www.realclearpolitics.com/vi...urt_trump.html

    CNBC’s Jim Cramer said Monday that the U.S. mainstream media is wrong that Chinese premier Xi Jinping "is a great Chinese man with great democratic leanings" and that in the U.S., "we have a madman as president."

    "China is the enemy, except for in the mainstream media that just loves Xi," the "Mad Money" host said about the ongoing negotiations regarding "Phase One" of a trade deal on CNBC's "Squawk Box."

    JIM CRAMER, CNBC: I think we have to go back to China. I think right now the Chinese press is trying to say, "look, maybe there is some give on intellectual property." I think away from that, the White House is toughening its line -- they're saying, listen, we're not the ones saying there is good planning after Phase One. We're not the ones saying there is Phase One, that there has to be something done monetarily before you can get to the table to start talking intellectual property.

    So we can have all the mergers we want, we can certainly have mayor Bloomberg getting in the race, but what we don't have is the commitment ahead of time that the president wants before he sits down. The president feels like he has a very winning hand right now the mainstream media does not. The mainstream media is not dealing with the deceleration of the Chinese economy and the acceleration of the consumer economy here.

    CNBC HOST: And that doesn't even take into account what happened in Hong Kong either, Jim. We may be, I don't know, are we giving enough importance to what could be a sea change in that -- that affects 1.5 billion people. I don't know, you know

    JIM CRAMER: I do think that what is happening is that the hand of Xi keeps weakening. But the mainstream media keeps talking about it getting stronger. I think Trump knows that that's not the case trade average -- all his trade advocates know it is not the case.

    If you saw Mnuchin come out and say I'm finished with these guys, what would happen is we would see a real deal. We have to walk away to get a real deal. That's the only way to do it, we have to walk away, because right now, I've got to tell you, I really don't think China is doing well at all economically and we are -- but the mainstream media says that Xi is a great Chinese man, with great democratic leanings, member of the WTO, and we have a madman as president that's pretty much what I see.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

  2. #2
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    Saw an article today on MSN that confirms the Chinese economy is doing a lot worse than the MSM is reporting. Kind of surprised MSN even ran it. It's like the whole liberal faction gives not one single fuck about the country, they are fixated with doing whatever they think will hurt Trump, no matter the cost to the country. It's hard to imagine they could be any more anti American and unpatriotic.
    swollen member

  3. #3
    Quote Originally Posted by onthebottom View Post
    I think this is about right......

    Jim Cramer On US-China Trade Talks: Xi Actually Holds Weak Hand, U.S. Media Covering For China To Hurt Trump
    https://www.realclearpolitics.com/vi...urt_trump.html

    CNBC’s Jim Cramer said Monday that the U.S. mainstream media is wrong that Chinese premier Xi Jinping "is a great Chinese man with great democratic leanings" and that in the U.S., "we have a madman as president."

    "China is the enemy, except for in the mainstream media that just loves Xi," the "Mad Money" host said about the ongoing negotiations regarding "Phase One" of a trade deal on CNBC's "Squawk Box."

    JIM CRAMER, CNBC: I think we have to go back to China. I think right now the Chinese press is trying to say, "look, maybe there is some give on intellectual property." I think away from that, the White House is toughening its line -- they're saying, listen, we're not the ones saying there is good planning after Phase One. We're not the ones saying there is Phase One, that there has to be something done monetarily before you can get to the table to start talking intellectual property.

    So we can have all the mergers we want, we can certainly have mayor Bloomberg getting in the race, but what we don't have is the commitment ahead of time that the president wants before he sits down. The president feels like he has a very winning hand right now the mainstream media does not. The mainstream media is not dealing with the deceleration of the Chinese economy and the acceleration of the consumer economy here.

    CNBC HOST: And that doesn't even take into account what happened in Hong Kong either, Jim. We may be, I don't know, are we giving enough importance to what could be a sea change in that -- that affects 1.5 billion people. I don't know, you know

    JIM CRAMER: I do think that what is happening is that the hand of Xi keeps weakening. But the mainstream media keeps talking about it getting stronger. I think Trump knows that that's not the case trade average -- all his trade advocates know it is not the case.

    If you saw Mnuchin come out and say I'm finished with these guys, what would happen is we would see a real deal. We have to walk away to get a real deal. That's the only way to do it, we have to walk away, because right now, I've got to tell you, I really don't think China is doing well at all economically and we are -- but the mainstream media says that Xi is a great Chinese man, with great democratic leanings, member of the WTO, and we have a madman as president that's pretty much what I see.
    Cramer is right but he and you are assuming that Xi is working under the same political iperatives as the stable genius. If the PGOTUS was not the worst negotiator in the world a deal, at least a partial or interim deal. would have been made a long time ago.

  4. #4
    Quote Originally Posted by toguy5252 View Post
    Cramer is right but he and you are assuming that Xi is working under the same political iperatives......
    Xi might not have a grasp of risk and certainty in economics. Even if everything is worked out between China and the U.S. all hunky-dory, supply chains have been weakened and investment spooked. When companies have to decide where to source product going forward, India, South East Asia, etc. all look a whole lot better.

  5. #5
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    A third of all China exports go to the US and Hong Kong, the US is the only large source of China surplus trade.

    Xi needs to worry about the political stability of his population, which has been based on an expanding lifestyle.


    At the bottom of all the tributes paid to democracy, is the little man, walking into the little booth, with a little pencil, making a little cross on a little bit of paper - no amount of rhetoric or voluminous discussion can possibly diminish the overwhelming importance of the point.

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