Bloomberg’s Tom Keene displays the performance of the renminbi against the U.S. dollar in 2017. He speaks with Carl Weinberg, chief economist at High Frequency Economics, on “Bloomberg Surveillance.”
Often appearing on Bloomberg TV, Dr. Weinberg is one of several economists who wastes no time on the ideological blather coming out of the Washington Beltway. Regardless of which of the two Tweedledee/Tweedledumb parties we’re allowed – is in power.
I think if you asked the average American college graduate about the Silk Road or the Silk Route – you’d get a profound silence. Listen to what Dr. Weinberg says in passing about the increase in trade this year. Understand that this is a startup barely in its beginning. Understand that regardless of Trump’s compounded ignorance and lies, the United States isn’t China’s biggest customer and consumer of goods exports. The European Union is. And they don’t consider his whines and wailing important enough to be anything more than a footnote to American electoral gullibility.
The Europeans, workers and investors alike do not suffer the disparity in income and distribution we have in the United States. Europeans get income – not fear and trembling – from global trade. Their trade with China is leading to greatly expanded trade for all the Euro nations with all the nations in between China’s hubs and the industrial centers of the European Union.