Politics

Chinese Yuan Rallies to 28 Month High on Prospect of Biden Win

Trump supporters fear Biden will be compromised by Communist dictatorship.

Published

3 years ago

6 November, 2020

Paul Joseph Watson

Xinhua News Agency/Getty Images

The Chinese yuan has rallied to a 28-month high on the prospect of a Joe Biden win, exacerbating the concerns of Trump supporters that a Biden administration will be compromised by the Communist state.

The yuan saw wild swings on election night, with the dollar initially falling on expectations of a Biden win but then surging back as it looked like Trump would win re-election.

However, by the end of the night, after thousands of mail-in ballots in several swing states suddenly dropped for Biden, the yuan had begun to recover ground.

In the 48 hours that followed, with a Biden win looking increasingly likely, the Chinese currency rallied to a 28 month high and analysts now see it rising even further.

DBS strategist Chang Wei Liang sees a Biden presidency as securing “less antagonistic U.S.-China trade relations and a rally in Chinese assets.”

BREAKING – #China's yuan has skyrocketed in the last 12 hours as a Biden victory is priced in. pic.twitter.com/GAWOcbxOyA

— Disclose.tv 🚨 (@disclosetv) November 6, 2020

However, Trump supporters see a greater existential threat to America’s number one superpower status, asserting that Biden is in bed so deep with Beijing that he could put U.S. interests at risk.

Late last month, Hunter Biden’s former business partner Tony Bobulinski claimed that Biden’s son had received $5 million from Chinese partners for a Chinese-backed infrastructure project and that the former Vice President was in on the deal.

This led Republican Congressman Dan Crenshaw to warn that, “There’s a possibility that Joe Biden is actually compromised by the Chinese Communist Party.”

“The American people deserve to know this,” he added. “We’re about to have an election and potentially elect a president that’s compromised by the Chinese Communist Party because this energy company has direct ties to the Communist Party.”

Whatever the truth of Biden’s involvement with his son’s dodgy dealings, it seems clear that one person who will be celebrating a Biden presidency will be Chinese dictator Xi Jinping.

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Politics

Donald Trump to Counter-Program Second GOP Debate by Appearing with Striking Auto Workers in Detroit

The GOP frontrunner will deliver a “prime-time speech before current and former union members.

Published

1 week ago

19 September, 2023

Nick Gilbertson | Breitbart

Allison Joyce/Getty Images

Former President Donald Trump will appear with striking union members of the United Auto Workers (UAW) in Detroit, Michigan, as his opponents squabble for the spotlight on the debate stage on September 27, according to a report that multiple sources have confirmed to Breitbart News.

The New York Times first reported on Trump’s forthcoming appearance with Detroit auto workers striking against the big three automakers — General Motors, Ford, and Stellantis — which will serve as counter-programming to the GOP debate at the Ronald Reagan Presidential Library in Simi Valley, California.

The GOP frontrunner will deliver a “prime-time speech before current and former union members,” according to the Times, as they strike for higher wages following 40-year-high inflation and seek commitments from automakers and the federal government that Biden’s electrical vehicle agenda will not threaten their jobs or pay, as Breitbart News has documented.

Multiple Trump aides have confirmed the 45th president’s plans to Breitbart News.

Trump, who regularly takes a majority of support in independent national GOP primary polls, is keeping with the strategy his campaign employed in the first debate when he skipped the event and instead joined Tucker Carlson for a one-on-one 45-minute interview on the host’s eponymously-named show, Tucker on Twitter.

After battling the counter-programming, which was released at the start of the first GOP debate on August 23 and instantly went viral, debate storylines quickly fell to the wayside when Trump surrendered in Fulton County, Georgia, on his fourth indictment a day later. The arrest produced the now-iconic mugshot of Trump, the first-ever mugshot of a former president of the United States.

Trump’s latest plans further signal his focus on a potential general election rematch with President Joe Biden rather than the Republican primary, as union workers who were long the foundation of the Democrat coalition were pivotal in helping elect him to office in 2016, as Breitbart News’s John Binder emphasized on Saturday:

In 2016, union workers helped propel Trump and his nationalist-populist agenda to the White House — scoring the most support among union households for any Republican presidential candidate since former President Ronald Reagan in 1984.
In 2020, Biden helped widen that gap by taking 57 percent of union households compared to Trump’s 40 percent. Trump could significantly increase his share of union households in a rematch against Biden by registering to vote millions of non-college-educated whites in Michigan, Wisconsin, and Pennsylvania who remain disenfranchised.

Binder’s report highlighted that the Detroit Free Press first revealed that Trump was weighing a visit to Michigan to meet with UAW members striking against the Big Three automakers.