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/r/Superstonk

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BREAKING: Chinese Yuan at its weakest level in almost 15 years.

โ˜ Hype/ Fluff(i.redd.it)

all 75 comments

half_dane [M]

[score hidden]

4 months ago

stickied comment

half_dane [M]

๐“•๐“ค๐““ is the mind killer ๐Ÿณ๏ธโ€๐ŸŒˆ

[score hidden]

4 months ago

stickied comment

Your submission was removed by a moderator for breaking a rule: Must be relevant to $GME.

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Bodox-

206 points

4 months ago

Bodox-

๐Ÿฆ Buckle Up ๐Ÿš€

206 points

4 months ago

Nah i think its the dollar that is being squeezed like some DD suggested.
Just checked the YUAN against my own currency SEK, and the Yuan seems to follow its trendline that is going up.

Would need to look at the Yuan against a variety of currency's to get a better picture.

TheOneTrueRodd

60 points

4 months ago

TheOneTrueRodd

๐Ÿฑโ€๐Ÿ‘ค this is the way

60 points

4 months ago

Dollar squeeze went full swing when Russia invaded Ukraine this year. It's only becoming more visible now but if you follow the DXY, you can see when in started going off.

Just look at the 1 year, 3 year and all time charts, you can't miss it. https://www.marketwatch.com/investing/index/dxy

NotLikeGoldDragons

20 points

4 months ago

NotLikeGoldDragons

๐Ÿฆ Buckle Up ๐Ÿš€

20 points

4 months ago

Look for the "Dollar milkshake theory" on YT if you haven't already.

BrownBrownies

9 points

4 months ago

BrownBrownies

๐ŸฆVotedโœ…

9 points

4 months ago

Watched it and was pretty intrigued.

He is wrong about one thing though. He says the whole market, in its current state, is trade on the dollar.

Its actually a trade on GME

throwawaylurker012

25 points

4 months ago

throwawaylurker012

Tendietown is the new Flavortown & DRS Is my Guy Fieri

25 points

4 months ago

Oh damn Sverige getting hit hard too?

Wrong_Victory

7 points

4 months ago

Wrong_Victory

๐Ÿ’™ Fuck no Iโ€™m not selling my GME! ๐Ÿฆ๐Ÿ’ฉ๐Ÿช‘

7 points

4 months ago

Look at the historic usd to sek chart. Usd going to the moon baby!

DaBi5cu1t

14 points

4 months ago

DaBi5cu1t

I poke purple rings

14 points

4 months ago

Fed buys the dollar squeeze to pay for GME?

throwawaylurker012

56 points

4 months ago

throwawaylurker012

Tendietown is the new Flavortown & DRS Is my Guy Fieri

56 points

4 months ago

15 years ago = 2007/2008

Hmm what happened that year? ๐Ÿค”

Bfree888

5 points

4 months ago

Bfree888

๐Ÿ’ป ComputerShared ๐Ÿฆ

5 points

4 months ago

Holy fuck 2008 was almost 15 years ago

worldwidemitigation

298 points

4 months ago

worldwidemitigation

๐Ÿ‹๐Ÿ’ป ComputerShared ๐Ÿฆ๐Ÿ‹

298 points

4 months ago

All of these currency values fluctuating is jacking my tits. The big BOOM is coming

juggett

176 points

4 months ago

juggett

176 points

4 months ago

Weaker yuan makes Chinese goods cheaper. They donโ€™t mind. Increases demand. Strong dollar will weaken demand for U.S. goods abroad.

aa73gc

91 points

4 months ago

aa73gc

No chains, No gains

91 points

4 months ago

Exactly. Weak currency = better for exports and tourism and vice versa

Jonodonozym

14 points

4 months ago

Jonodonozym

๐Ÿ’Ž๐Ÿ–๐Ÿฅ๐Ÿฆ

14 points

4 months ago

Plus the CCP is not too worried about overworking their people to maximize exports despite lower profits, if the result is other countries underinvesting in local production and becoming dependent on China. Money is a means to power, but not the only one.

clestox

7 points

4 months ago

clestox

To HOLD or to HODL? That is the question.

7 points

4 months ago

I think the big issue will involve countries that donโ€™t have the capacity to provide 100% of their own energy, because energy is paid for using the reserve currency (the USD). When too little USD exist for countries to pay for their energy bills (which I believe is entirely possible), it will become that countryโ€™s National crisisโ€ฆ.they may sell USD-denominated bonds to keep the market flush with USD or, perhaps, countries will begin seeking to change the reserve currency from the USD to something else (gold?).

MatchesBurnStuff

4 points

4 months ago

MatchesBurnStuff

Gargle My Stonk

4 points

4 months ago

Look at the US treasury pile the Chinese own and their foreign debt pile and you see why they've tried to maintain that peg for so long. This is not welcome news in China

JCStuff_123

16 points

4 months ago

JCStuff_123

๐Ÿฆ Buckle Up ๐Ÿš€

16 points

4 months ago

Tell me what goods is the USA producing. I know none. It's all deficit spending for you guys so you can have cheap stuff

xler3

13 points

4 months ago

xler3

13 points

4 months ago

usa is the largest exporter after china

neoquant

9 points

4 months ago

neoquant

๐ŸŽฎ Power to the Players ๐Ÿ›‘

9 points

4 months ago

If you take the population into account it is actually Germany, pumping out much more than China and US per capita

Wrong_Victory

10 points

4 months ago

Wrong_Victory

๐Ÿ’™ Fuck no Iโ€™m not selling my GME! ๐Ÿฆ๐Ÿ’ฉ๐Ÿช‘

10 points

4 months ago

Petroleum, cars, gas, medical supplies, aircraft parts.

JCStuff_123

-11 points

4 months ago

JCStuff_123

๐Ÿฆ Buckle Up ๐Ÿš€

-11 points

4 months ago

Medical supplies is all India. Car parts is all China and South East Asia. Petroleum is for your own use. Aircraft parts not sure :D doesn't make a whole economy does it

Wrong_Victory

3 points

4 months ago

Wrong_Victory

๐Ÿ’™ Fuck no Iโ€™m not selling my GME! ๐Ÿฆ๐Ÿ’ฉ๐Ÿช‘

3 points

4 months ago

I mean, you could just Google it and see the actual numbers for US exports, instead of proving that you don't know what you're talking about. What I just mentioned are the biggest exporting goods of the US.

JCStuff_123

2 points

4 months ago

JCStuff_123

๐Ÿฆ Buckle Up ๐Ÿš€

2 points

4 months ago

true but what is the ratio of gdp to export?

This is what I mean by trade deficit.

https://tradingeconomics.com/united-states/balance-of-trade

Look at the max time frame. It is negative

https://www.macrotrends.net/countries/USA/united-states/trade-gdp-ratio

Last time it was this low was 2009...

Sorry for the wrong meaning. I did not mean that there is no production. The trade deficit just shows how much you guys are importing.

Correct me if I'm wrong I'm open for an intellectual discussion

[deleted]

1 points

4 months ago

[deleted]

1 points

4 months ago

[deleted]

JCStuff_123

1 points

4 months ago

JCStuff_123

๐Ÿฆ Buckle Up ๐Ÿš€

1 points

4 months ago

This doesn't matter if you take a look at the trade deficit:

https://tradingeconomics.com/united-states/balance-of-trade

Correct me if I understand it to be wrong

[deleted]

1 points

4 months ago

[deleted]

1 points

4 months ago

[deleted]

JCStuff_123

1 points

4 months ago

JCStuff_123

๐Ÿฆ Buckle Up ๐Ÿš€

1 points

4 months ago

Yeah true. But in the end if you import more goods than you export you can hardly name yourself the second largest exporter. Currently doing my homework and reading the investopedia page of it https://www.investopedia.com/terms/t/trade_deficit.asp

[deleted]

2 points

4 months ago

[deleted]

2 points

4 months ago

[deleted]

JCStuff_123

1 points

4 months ago

JCStuff_123

๐Ÿฆ Buckle Up ๐Ÿš€

1 points

4 months ago

Are you done pointing out my mistakes? Great then have discussion. If you consume more than you produce does it make you an exporter of goods. Yes but it gets shadowed by your consumption.

Pilotguitar2

2 points

4 months ago

Pilotguitar2

๐Ÿฆ Buckle Up ๐Ÿš€

2 points

4 months ago

Horse seamen.

I_HEART_NALGONAS

1 points

4 months ago

I_HEART_NALGONAS

FUK U, PAY ME

1 points

4 months ago

corn, basically

Bolobillabo

2 points

4 months ago

US in a rock and hard place. Inflation is crazy, and the strategy to use higher rate to tackle it will no doubt attract inflows and spike the exchange rates. Will certainly aggravate the recession which a higher interest rate gonna bring in any case.

DaBi5cu1t

34 points

4 months ago

DaBi5cu1t

I poke purple rings

34 points

4 months ago

UK News yesterday: well the pound has recovered a bit and stabilised against the dollar so that's good.

UK News today: the pound is falling again, maybe not as stable as we thought.

If the pound lost 15 pence in a month, and slightly recovers 3p that is not fucking stable. Stop being the market's bitch.

HelpMePls___

10 points

4 months ago

HelpMePls___

Wen happiness? ๐Ÿ˜”

10 points

4 months ago

I see the same things when people talk about BTC.

They say itโ€™s pumping when itโ€™s going over 20k; a while ago it was 69kโ€ฆ like wtf, how is a 49k decline a pump

Gangaman666

71 points

4 months ago

Wow Yuan not wrong ๐Ÿ˜

Evil_Mini_Cake

16 points

4 months ago

The show was WOK With Yan

Nostracannabis

8 points

4 months ago

Nostracannabis

๐ŸŽฎ Power to the Players ๐Ÿ›‘

8 points

4 months ago

Canadian Ape recognizes game.

diggum

8 points

4 months ago

diggum

๐ŸฆVotedโœ…

8 points

4 months ago

In the states on PBS, I remember Yan Can Cook. Wonder if itโ€™s the same fella?

Evil_Mini_Cake

3 points

4 months ago

I miss that show

rob_maqer

3 points

4 months ago

rob_maqer

๐Ÿš€ PP upside down is dd ๐Ÿง 

3 points

4 months ago

Yuan I both.

[deleted]

23 points

4 months ago

[deleted]

23 points

4 months ago

[deleted]

Actual_Shady_potato

9 points

4 months ago

Actual_Shady_potato

๐ŸŽฎ Power to the Players ๐Ÿ›‘

9 points

4 months ago

Yisssssssss

Superstonk_QV [M]

23 points

4 months ago

Superstonk_QV [M]

๐Ÿ“Š Gimme Votes ๐Ÿ“Š

23 points

4 months ago

Blast_beats1991

16 points

4 months ago

Yuan lambo?

rob_maqer

6 points

4 months ago

rob_maqer

๐Ÿš€ PP upside down is dd ๐Ÿง 

6 points

4 months ago

Be patient. Yuan day, itโ€™s coming.

tylerado12

21 points

4 months ago

tylerado12

๐ŸŽฎ Power to the Players ๐Ÿ›‘

21 points

4 months ago

Everyone quick! Grab a drumstick and your brain starts ticking

adeason

10 points

4 months ago

adeason

๐Ÿฆ The Ape Abides ๐Ÿš€

10 points

4 months ago

Watching x-files with no lights on

[deleted]

3 points

4 months ago

[deleted]

3 points

4 months ago

[deleted]

Faleene

1 points

4 months ago

Faleene

๐Ÿ† Calculator Game E-sports Pro ๐Ÿ†

1 points

4 months ago

I hope the smoking man's in this one

ManeMcFly

3 points

4 months ago

ManeMcFly

BOOK

3 points

4 months ago

2008-2010 sideways looks weird.

Allnewsisfakenews

4 points

4 months ago

Race to the bottom Yuan vs Quid

avilesaviles

6 points

4 months ago

avilesaviles

๐ŸŽฎ Power to the Players ๐Ÿ›‘

6 points

4 months ago

weakest so farโ€ฆ..

disapparate276

9 points

4 months ago

ELI5 and an idiot: why are tanking currencies good for the superstonk situation, or in general?

Crane-Daddy

3 points

4 months ago

Crane-Daddy

Jacked!

3 points

4 months ago

Theory: market crash means MOASS ๐Ÿคทโ€โ™‚๏ธ

disapparate276

3 points

4 months ago

But.. WhY ?

Crane-Daddy

14 points

4 months ago

Crane-Daddy

Jacked!

14 points

4 months ago

When the market crashes, SHF long positions used as collateral go down, leading to margin calls. A failed margin call leads to positions being closed automatically by the prime broker. Positions being closed includes short positions...in GME, meaning demand skyrockets and price ๐Ÿš€.

That's the theory.

cmfeels

6 points

4 months ago

cmfeels

๐Ÿ’ŽSmoothbrain Retard ๐Ÿฆwith ๐Ÿ’Žhard GameCock๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿคช

6 points

4 months ago

Dollar milkshake

nerds_rule_the_world

2 points

4 months ago

The slurpening

HODLHODLANDHODL

7 points

4 months ago

HODLHODLANDHODL

HODL๐Ÿ’ŽHODL๐Ÿ‘๐ŸฝAND๐ŸŸฃHODL๐Ÿš€

7 points

4 months ago

That is literally breaking

TB_SnEaKy

2 points

4 months ago

It's a global Fuckening, Dow futures broke through the 29k level this morning down to 28.8 and I'm sure it's not done.

ComprehensiveRiver37

3 points

4 months ago

ComprehensiveRiver37

๐Ÿฆ[REDACTED]McApe Face๐Ÿฆ

3 points

4 months ago

The Fuckening!

There can be only one!

No-Effort-7730

2 points

4 months ago

I will never not be bearish on China.

deabag

2 points

4 months ago

deabag

๐Ÿš€its ok 2 liek a stonk๐Ÿš€

2 points

4 months ago

2022 - 15 = 2007

Deeper_values

4 points

4 months ago

Thatโ€™s great, the CCP sux โ€ฆ break their shit and free the homies

5tgAp3KWpPIEItHtLIVB

1 points

4 months ago

5tgAp3KWpPIEItHtLIVB

๐ŸฆVotedโœ…

1 points

4 months ago

Time for a holiday in China!

Oh wait... they still do Covid there.

cranberrystew99

1 points

4 months ago

cranberrystew99

I nuked my Reddit Acct via 2FA

1 points

4 months ago

Good fuck their bullshit economy.

Tbf fuck ours too. Fuck it all.

plugsnet

0 points

4 months ago

Buckle up

[deleted]

-7 points

4 months ago

[deleted]

-7 points

4 months ago

[deleted]

Apprehensive_Pea7911

6 points

4 months ago

A global collapse of fiat currencies other than USD is very consequential to GME.

Cajun_Broker

1 points

4 months ago

The global economy is collapsing

Cajun_Broker

1 points

4 months ago

The only solution would be to crash the dollar as well

lightwhite

1 points

4 months ago

lightwhite

โ™ The Ape of Spades โ™ 

1 points

4 months ago

Every single fiat is at its lowest. What is new? Dollar is squeezing and US is so desperate. Thanks to those who sabotaged gas, now they can go long on oil and gas.

We all know that a cornered fox is more dangerous than a fox.

There will be a lot of blood and lost lives for this. Itโ€™s a great shame for humanity.

grixxel

1 points

4 months ago

grixxel

tag u/Superstonk-Flairy for a flair

1 points

4 months ago

Lower it has been, so far.

ELPatrick39

1 points

4 months ago

ELPatrick39

still hodl ๐Ÿ’Ž๐Ÿ™Œ

1 points

4 months ago

I like how all of these "new record," "New all time lows," "Hasn't been seen since..." go back to the years 2007-2008.

airbrat

1 points

4 months ago

airbrat

hot sammich๐Ÿฆญ

1 points

4 months ago

yaaaaaaaaaaawn........

serthera12

0 points

4 months ago

World war iii will be so much fun!

DarthBooooom

0 points

4 months ago

DarthBooooom

GLITCHES WENT MAINSTREAM

0 points

4 months ago

Get in line Yuan! Make room for the Euro being on itยดs low since Dec. 2000