>West openly admits the goal is to "plaza accord" Chinalmao shouldn't they not announce it publically?
>>537500937which means?
>>537502534plaza accords crashed japanese yen through financial manipulations and caused "lost decades", and they now openly admit they want to do the same to yuan and china.>German Finance Minister Lars Klingbeil has called for a multilateral framework with Beijing modelled on the 1985 Plaza Accord to address yuan re-valuation. The move marks a clear alignment of Germany with the EU's hardening stance on China's structural trade surplus. Beijing has responded with 'conditional openness' to the talks.
>>537502698and i'm supposed to feel sorry for them?china already did that to us. they've been doing so since ~1982, and even defrauded the world out of trillions with fake gold, not to mention all the stolen tech -- all while oppressing their people and torturing dogs and cats.
>>537502698Wasn't japan doing insane YOLO shit like overvaluing land as collateral and giving loans with minuscule interest rates?
>>537502840>loans with minuscule interest ratesHow antisemitic
>>537502840First US using tariffs and trade wars forced Japan and others from G5 to sign Plaza accords (devalue the dollar compared to other big currencies to keep US industry competitive)Then US forced Japan to rapidly slash rates 4 times to the lowest levels that caused the financial craze and massively speculative bubbles everywhere in the country that eventually led to crash of economy.THEN all the Goldman sachs and other trash came to japan and bought up everything for pennies.
Yeah and EU is already initiated the tariff war on China
>>537500937>backwater economies that grouped together to have some say>wanting to tackle China the way the USA took down JapanIs the EU honestly trying to get itself fucking annihilated?Considering China basically owns most of Africa lock, stock, and barrel it wouldn't take much for them to say "If you want China to invest in your nations you are to have absolutely no dealings with the EU"And gee, I wonder how the Africans would feel about telling whitey to fuck off?
>>537500937It is already happening.However, unlike japan, china could endure it and even overturn it into their advantage1. Different timeline: Plaza Accord happened when US and Europe were still the earth hyperpower with genuine domestic industry (or language that /pol/ can only understand: still White European). Now?2. China practically owns all the means of production.3. Being an enemy to US is dangerous, but being an ally to US is fatal4. Don’t even need to announce it, the chinks already know it! The chinks already studied Japan’s plaza accord
>>537502698>crashed japanese yen>want to do the same to the yuanSo China is manipulating its currency to keep the Yuan low but also the west wants to crash/lower the Yuan?
>>537506969every country is manipulating their currency, you're getting lead by retarded narratives.
>>537506636I didn't imply that it will work, China is an absolute economical powerhouse right now and US already lost to them in trade war.However this time they want G7 to string along
