@@purpleglitterladette he’s a billionaire and thus likely had a financial interest in currency manipulation. He also regards himself as forward-thinking and considers free-floating currencies an inevitability, so he may have his own somewhat fringe economic beliefs that he would like to see brought into being.
@@hal560 I still feel underknowledged to watch Season 2 well all this time later, they really crafted the first 2 Seasons so well. Will definitely keep what you've said in mind next time I get around to watching hoc
@@hal560not at all. Currency manipulation by the Chinese government helps exports. For someone like Feng, who ostensibly buys foreign materials and produces domestically, it’s the opposite of what he wants. That’s why he wants it gone b
@@zero_africbasically, this Chinese diplomat is in league with other Chinese politicians and oligarchs who all “see the benefit of a free-floating interest rate”. He wants Underwood to continue publicly berating China on their tradition of having a fixed, command economy interest rate. That, in addition to the WTO ruling that is expected to somehow force China to adopt a floating interest rate, means that the diplomat’s cabal all get what they want while not being the face of what made that happen. It’s important because China is very adamant IRL on it’s fixed rate, and by having The West / WTO publicly “force” China to capitulate on the interest rate, the diplomat and his buddies get to look like the victims, while also getting away with the value of their financial holdings ballooning due to the new flexible rate.
@@qd1833 Or about the exchange rate of third country partys influence in companys, where have influence on the exchange rate itself on the decimal places.
@@qd1833 it's like... if they have a suit against them they can say: "Aw man. American imperialists are abusing their hegemony, guess we have no choice here" if they dropped the suit... it's like "We have nothing pressuring us, but we're still gonna do what the Americans say. Woof woof!"
@@BlackDiamond2718 That's what Feng wants the Americans to think, but he actually benefits personally from the lawsuit continuing. He and Tusk are using their position to manipulate Chinese and US policy to make (potentially) billions. But Underwood sees through their ploy and persuades the President to drop the lawsuit in order to pit Tusk and the President against one another.
I would obviously love to economic deals with China, so would any sane person. Meddling in their affairs is not only wrong it's pointless. All it will do is lose opportunity cost for everyone and ultimately lower consumption power which by definition hurts the development of the poorest nations who could readily rise to affluence if allowed to sell to us. We get good products at good prices, they get development. It's a win-win deal.
This show was so intelligent.
Currency manipulation helped feng not the Chinese government i guess
Yes.
How would it have helped Feng?
@@purpleglitterladette he’s a billionaire and thus likely had a financial interest in currency manipulation. He also regards himself as forward-thinking and considers free-floating currencies an inevitability, so he may have his own somewhat fringe economic beliefs that he would like to see brought into being.
@@hal560 I still feel underknowledged to watch Season 2 well all this time later, they really crafted the first 2 Seasons so well. Will definitely keep what you've said in mind next time I get around to watching hoc
@@hal560not at all. Currency manipulation by the Chinese government helps exports. For someone like Feng, who ostensibly buys foreign materials and produces domestically, it’s the opposite of what he wants. That’s why he wants it gone b
My man said chineses :)
The Chinese strategy is actually so big brain here, daaamn
It was a join plan orchestrated by Tusk.
How so? Idont remember this show well
I didn't understand shiet 😂😢😢😢
@@zero_africbasically, this Chinese diplomat is in league with other Chinese politicians and oligarchs who all “see the benefit of a free-floating interest rate”. He wants Underwood to continue publicly berating China on their tradition of having a fixed, command economy interest rate. That, in addition to the WTO ruling that is expected to somehow force China to adopt a floating interest rate, means that the diplomat’s cabal all get what they want while not being the face of what made that happen. It’s important because China is very adamant IRL on it’s fixed rate, and by having The West / WTO publicly “force” China to capitulate on the interest rate, the diplomat and his buddies get to look like the victims, while also getting away with the value of their financial holdings ballooning due to the new flexible rate.
Uploader reminds me of every time I heard someone say "I don't do ghosteses!"
That’s a new one
Say what you will about him personally but damn is Kevin Spacey one fine actor.
"Chineses"
@The Doge-Emperor of Dogekind Yes but what if a Chineses sneezes?
Why did Feng want them to continue with the lawsuit?
Chinese want to move from fixed currency exchange rate to floating exchange rate. But they need an excuse.
@@qd1833 Or about the exchange rate of third country partys influence in companys, where have influence on the exchange rate itself on the decimal places.
@@qd1833 it's like... if they have a suit against them they can say: "Aw man. American imperialists are abusing their hegemony, guess we have no choice here"
if they dropped the suit... it's like "We have nothing pressuring us, but we're still gonna do what the Americans say. Woof woof!"
@@yunleung2631 making them look like they were repelled instead of cooperating shows their strength in the effort against an opponent. Right?
@@BlackDiamond2718 That's what Feng wants the Americans to think, but he actually benefits personally from the lawsuit continuing. He and Tusk are using their position to manipulate Chinese and US policy to make (potentially) billions. But Underwood sees through their ploy and persuades the President to drop the lawsuit in order to pit Tusk and the President against one another.
Frank somehow got way more respect before he became the president
Feng = Guo
Guo Wengui?
@@brahma2132 yes
I would obviously love to economic deals with China, so would any sane person. Meddling in their affairs is not only wrong it's pointless. All it will do is lose opportunity cost for everyone and ultimately lower consumption power which by definition hurts the development of the poorest nations who could readily rise to affluence if allowed to sell to us. We get good products at good prices, they get development. It's a win-win deal.
Yeah bro the problem with it is that you have to do with stupid humans
It's Vietcong, not Vietcongs. You wouldn't say Chineses?
ALRIGHT NOW! THAT ENOUGH OF THIS INSUBORDINATION! If the machine breaks down, we break down.
@BatmanNoriega-jf7zlwhat DO YOU mean what do you mean you people?
@BatmanNoriega-jf7zl Chill !! Alright, let's just chill it!
brilliant 🙂
#GRANT #BRENE #
Aside
Chineseseseseseseses
Im bored
Arabes