• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

(CNBC) The declining dollar faces more headwinds after posting worst first-half return in 52 years

Chomsky

Social Democrat
DP Veteran
Joined
Apr 28, 2015
Messages
103,802
Reaction score
94,346
Location
Third Coast
Gender
Male
Political Leaning
Liberal
(CNBC) The declining dollar faces more headwinds after posting worst first-half return in 52 years
--
The U.S. dollar tumbled 10.7% against its global peers through June, making it the worst first half since 1973.
Click to expand...
--

--
The U.S. Dollar has suffered an 11% fall since the beginning of the year. It's the worst drop since Richard Nixon broke the Bretton Woods Accord.

Among other reasons for the drop, the article cites tariffs, rising debt, and global investors seeking other "safe havens".

It seems we're seeing an exodus from U.S. monetary instruments.

I would also offer a falling dollar, accompanied by rising treasury rates, is indicative of a loss in U.S. "faith & credit".
 
Thanks to the billionaires, all the apathetic people who don't care if the federal deficit and debt are out of control, the republican party and the MCGA* cult.

* Make China Great Again.
 
The lying Republicans campaigned on addressing the debt. Once they got the chance they quickly forgot all about that and bent over for the billionaires.

The GDP/debt ratio has been ignored.

The ballooning deficit has been ignored.

The big and growing debt has been ignored.

They slashed government services so they could give billionaires a tax break.

They have screwed the whole country.

And they think it's great because they are being mean to hard working immigrants and cutting trade.

If only we had the active engagement of a well informed populace.

Instead we have the emotional response of a big money funded rumor mill created to get power to give the rich a tax break.

Americans so take this country for granted. Too busy with social media rumors to get properly informed. Very sad.
 
If it keeps going down, the dollar will be as low as it was under Obama!

Rough.
 
Peacenik said:
Thanks to the billionaires, all the apathetic people who don't care if the federal deficit and debt are out of control, the republican party and the MCGA* cult.

* Make China Great Again.
Click to expand...

Actually the Chinese Yuan gained substantially against the USD. But it's the Japanese Yen, that really took off!

And ironically, Trump this morning just went after Japan with 25% tariffs. Japan has threatened to dump our debt. This could really snowball against the Dollar, if Japan starts letting our debt go.
 

The OP article indeed cited our rising debt as part of the Dollar's fall.

Last I saw, each of us taxpayers owe $107,000 in debt. Utterly disgusting. The interest alone is ridiculous.
 

MJGA
 
Chomsky said:
The OP article indeed cited our rising debt as part of the Dollar's fall.

Last I saw, each of us taxpayers owe $107,000 in debt. Utterly disgusting. The interest alone is ridiculous.
Click to expand...
If Republicans and Democrats ever wonder why the two major parties are losing support, all they have to do is look at the way both of them refuse to tax the rich nor balance the budget.
 
Metric Mouse said:
If it keeps going down, the dollar will be as low as it was under Obama!

Rough.
Click to expand...
The declining dollar faces more headwinds after posting worst first-half return in 52 years.

52 years ago Obama was president?

By end of Obama’s presidency, each 2009 dollar was worth about 85–88¢ in real terms.

From 2009 to today (mid‑2025), that dollar has dwindled to about 68¢ of its original purchasing power.
 
Last edited:
They'll say anything to avoid facing the fact that Trump is a terrible president.
 
Peacenik said:
If Republicans and Democrats ever wonder why the two major parties are losing support, all they have to do is look at the way both of them refuse to tax the rich nor balance the budget.
Click to expand...

The bad news of course, is there's interest on the debt. The - sort of - good news is the interest is around 3-1/2 percent.

However that interest, according to some quick number crunching, comes out to $3,900 a year per taxpayer.

Yep. Dem's the truths! Dat they is!
 
Last edited:
Winning.
 
If only people cared enough to force our government to tax the rich we could get that under control.
 
Peacenik said:
If only people cared enough to force our government to tax the rich we could get that under control.
Click to expand...
I find it baffling that voters still fall for the okey doke. Republicans cut taxes, then cry that the government costs too much and has to be cut. They've been doing this going back to Reagan. Trump is just the final boss for this loser fiscal plan, no longer willing to hide the stupidity of supply-side economics.

There's a reason why the economy does so much better under Democrats.
 
Before everyone freaks out too much, how about a longer term perspective? It doesn't seem like all that horrendous yet.

 
lower dollar = more expensive imported goods, another tax on poorer people in particular, but oddly, millionaires/billionaires aren't concerned
 
Yes, it certainly does, but it could be even better without the big money in Congress. Picture legislators actually concerned about what the voters really want, and doing their best to properly educate voters and be as approachable as possible. How about legislators who don't have an agenda driven by the rich? That's the vision of the Constitution, the vision we should be trying to realize. Most are not even willing to imagine it might be possible, not even for a moment. It is, though. We can have that.
 

The worst part is the huge opportunity cost. 1 trillion a year buys a lot of stuff, but instead it goes to interest. Not principal, just interest.
 
The bad news is that the $ is just reaching pre-covid levels. It was lower than this during Trumps first term, and that was without all the financial instability and broken international relations he is now creating. Add to that the BBB and it's awful impact on future debt!! Chances are that we haven't seen the bottom for the US$ yet, and with our highly unstable leadership we could still see some serious further drops. What is really sad is that this should be great news for our exporters and hence job creation, but Trump has done so much damage to our export markets with his tariff war and insane threats/insults etc that few exporters are going to benefit.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…