- Joined
- Jul 7, 2015
- Messages
- 45,860
- Reaction score
- 17,529
- Location
- California
- Gender
- Male
- Political Leaning
- Liberal
We are seeing foreign investors pull away from Trump’s unstable economic destruction. The result is that they need to raise interest rates on treasury bonds in order to find investors in order to fund our government. Mortgage interest rates are already up to 7%.
Markets are losing confidence in the US dollar. The petrodollar has helped ensure that there is a steady demand for the US dollar.
We are losing the financial confidence of the international community. The result is very likely the impending collapse of the US dollar thanks to Trump.
We have the ability to consume excess shares of the worldwide economy, to deficit spend without suffering hyperinflation, and we do not understand or appreciate how good we have it.
So WHY is Trump destroying this system?
If US exports were more competitive, that wouldn’t help you, your income will not change, but it would help your boss. If US imports were more expensive, that would hurt you, it would cut directly into your purchasing power.
They want to use the ensuing financial chaos to eliminate the social safety net and turn the US into a shithole sweat shop. This is their plan to do it. Don’t be surprised to find out that America’s enemies in China and Russia have their fingers all over these plans.
Markets are losing confidence in the US dollar. The petrodollar has helped ensure that there is a steady demand for the US dollar.
We are losing the financial confidence of the international community. The result is very likely the impending collapse of the US dollar thanks to Trump.
We have the ability to consume excess shares of the worldwide economy, to deficit spend without suffering hyperinflation, and we do not understand or appreciate how good we have it.
So WHY is Trump destroying this system?
The deep unhappiness with the prevailing economic order is rooted in persistent overvaluation of the dollar and asymmetric trade conditions. Such overvaluations make U.S. exports less competitive, U.S. imports cheaper, and handicaps U.S. manufacturing.
If US exports were more competitive, that wouldn’t help you, your income will not change, but it would help your boss. If US imports were more expensive, that would hurt you, it would cut directly into your purchasing power.
They want to use the ensuing financial chaos to eliminate the social safety net and turn the US into a shithole sweat shop. This is their plan to do it. Don’t be surprised to find out that America’s enemies in China and Russia have their fingers all over these plans.