Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says
Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says
Top advisers said to be ‘actively debating’ move in order to bolster US exports
"Trump Trade Advisers Plot Ways To Fuck America Even Harder Next Time"
Fixed.
because they are all Russian agents
I want to play devils advocate but its hard to take an objective look at anything he and his ilk have done that doesn't feed back as a benefit to Russia.
what you have to do is figure out which one they all hate the most, and then offer the rest of them a cookie to throw Marjorie under the bus as a traitor
How would making the dollar weak "make America great again"? That's stupid. The dollar being the worldwide currency is part of what makes America so strong.
The effects of economic policy usually take between 2 and ten years more often than not 4 plus years..... You know the term of a president. They do this as often as possible, they'll fuck the economy with dumb shit their base loves not ultimately ruins the economy only to blame it on the next president.
Its exceedingly transparent but people are apparently ever more exceedingly stupid or myopic.
I feel like the Republicans have really figured this out. They get elected and push through the most draconian laws where you can't see the effects immediately. While doing this, they fuck up society by making racist comments, pushing through shit judges.
By the time the election rolls around, enough people will vote Democrat and then the shit starts to stink. People incorrectly assume it's because a Democrat is in office and then elect the next Republican, starting the cycle all over again.
This is absolutely true, and something politicians never address because it's such a good weapon. The sad part is people fall for it every time.
Oh my god i wish both sides would recognize this.
Exactly. Look at all the money that was printed during the beer bug in 2020. That caused major inflation for us in 2022 and 2023.
Because of inflation goes up, interest rates go down, so the super rich borrow a ton of money and invest it elsewhere.
It's done from time to time. It's to lower the export value of goods. A country prints a lot more money. Say Almeria wanted to sell more cars to England.
Currently an American car is worth $30,000USD and $30,000USD can also buy 2 motorcycles from England (£24,000) .If the world is flooded with more USD, then the person from England can still buy the American car for $30,000USD but the American can now only buy 1 English motorcycle, as the value of USD has fallen to British Pounds.
Great if you're English and buying an American car, bad if you're American and want to buy an English motorcycle.
Devaluing currency?
Isn't that the thing the US used to accuse a bunch of other countries of doing?
Sounds like Trump, then.
Trump literally tried to do this during (what felt like) the first 6 months of his term.
Isnt it literally Treason? Again?
Whiskey Tango Foxtrot...Vote Blue to keep the orange POS out of office.
Ah the "let's take a page out of China's playbook" plan. Because that really helped the working class there.
Remember, when everyone is a billionaire, no one is,
Don’t worry, it would just be called trillionaire
So, deliberately ramp up inflation.
This guy went to Wharton?
Money will get you into whatever school you want
It’s going to require even more money after Trump devalues the currency.
He got in on the 60s when their admission rate was way higher, plus he had an in with his brother's friend working in admissions.
Unless drumpf devalues the dollar so hard that nobody can afford .22 rounds we still have a chance.
At least they're honest about it. Republicans and Democrats will both do it, it's the only way to ever repay the debt and not get crushed by interest payments. Goodbye world reserve currency, you had a good run, you fucked it up.
The dollar has lost ~17% of its value in the past 4 years and ~95% of its value since 1924, so par for the course of the orange man wants to keep going.
If you held US stocks instead of dollars in that time, you would have returned 114,629% , beating inflation (dollar devaluation) by about 7.5% per year.
Part of the point of a deflationary fiscal policy is to increase the velocity of money and get it working for economic growth and innovation, versus being stuffed in a mattress for 100 years.
The past 4 years involved the pandemic. How is that a gauge for anything?
And how much were people paid on average in 1924?
This is wrong. By looking at a single datapoint of total printed dollars, you're measuring USD's value relative to older USD only. This would only make sense if the value for things you would trade USD for are static. Relative to other reserve currencies, assets, goods, services, USD is significantly more valuable today than it was 4 years ago. Not to mention the proportion of printed dollars no longer circulating.
Exactly. Which is why people who want to maintain their wealth by homes and stocks and gold, etc. Because the dollar is purposely losing value. And that's a dumb thing to save in. But most people do not understand this.
The dollar is in a precipitous free fall right now. Just go to the grocery store. Things aren't getting more expensive because they are harder to come by it's because the money printer is working overtime.
No.
The dollar has recently been stronger against the Euro, Pound, Yuan, Ruble, and Yen.
No.
Yes
The dollar has recently been stronger against the Euro, Pound, Yuan, Ruble, and Yen.
What does that have to do with my point? The petrodollar is (for now) the reserve currency and has a place of privilege where it can generally farm out the effects of it's overprinting and mismanagement to other countries and currencies.
The dollar is STILL in freefall though. Look at purchasing power. The prices of groceries, houses, lumber, commodities etc
I attribute this to the COVID cash giveaway where we printed 20% of all the dollars that had ever been printed in history up to that point.