Pete
👤 PersonAppearances Over Time
Podcast Appearances
I mean, if you had all these – well, you have pieces of that. A lot.
I mean, if you had all these – well, you have pieces of that. A lot.
I mean, if you had all these – well, you have pieces of that. A lot.
A whole bunch of these corporations.
A whole bunch of these corporations.
A whole bunch of these corporations.
I don't really care about their emotions.
I don't really care about their emotions.
I don't really care about their emotions.
Yeah. So I think what you do is you peg it. Basically, you do what they're pretending to do. So what they said they were doing. is they're kind of scanning all of the different countries and they're saying, okay, here's some countries that are really not trading with us on fair terms. Like they're restricting our trade with them or they're artificially manipulating their currency.
Yeah. So I think what you do is you peg it. Basically, you do what they're pretending to do. So what they said they were doing. is they're kind of scanning all of the different countries and they're saying, okay, here's some countries that are really not trading with us on fair terms. Like they're restricting our trade with them or they're artificially manipulating their currency.
Yeah. So I think what you do is you peg it. Basically, you do what they're pretending to do. So what they said they were doing. is they're kind of scanning all of the different countries and they're saying, okay, here's some countries that are really not trading with us on fair terms. Like they're restricting our trade with them or they're artificially manipulating their currency.
China does this for sure. What does that mean?
China does this for sure. What does that mean?
China does this for sure. What does that mean?
So in a nutshell, the cheaper the exchange rate, the more you're going to export because the cheaper your goods are. Right. So the strong dollar. Right. Basically, the weaker the dollar is, actually, the cheaper our stuff looks to the rest of the world and the more they're going to purchase our things. So if you're China, one thing you're going to do is you're going to it sounds counterintuitive.
So in a nutshell, the cheaper the exchange rate, the more you're going to export because the cheaper your goods are. Right. So the strong dollar. Right. Basically, the weaker the dollar is, actually, the cheaper our stuff looks to the rest of the world and the more they're going to purchase our things. So if you're China, one thing you're going to do is you're going to it sounds counterintuitive.
So in a nutshell, the cheaper the exchange rate, the more you're going to export because the cheaper your goods are. Right. So the strong dollar. Right. Basically, the weaker the dollar is, actually, the cheaper our stuff looks to the rest of the world and the more they're going to purchase our things. So if you're China, one thing you're going to do is you're going to it sounds counterintuitive.
Like usually you think like a nationalistic country. We want our currency to be.
Like usually you think like a nationalistic country. We want our currency to be.