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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.
You will have to react QUICKLY to push these "The Sky is Falling" foolish lies by the Left/Media !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.
Selling dollar securities to China was a way of borrowing from that country. China is on of the top lenders to the USA.There's nothing wrong with the US dollar other than we sold trillions of T-bills to China and now they're dumping them because they're desperate for those very 'despised' US dollars to prop up their own currency to keep it from going into free-fall.
If what trump is doing is so great, how come basically the whole world is reacting in a negative manner?You will have to react QUICKLY to push these "The Sky is Falling" foolish lies by the Left/Media !
Trump is hitting hard against Nations who are taking advantage of America ! He's doing the right thing for America.
If what trump is doing is so great, how come basically the whole world is reacting in a negative manner?
The world is conspiring against trump? All the markets are nose diving in a big conspiracy to hurt trump? Wow.the Vast Left-Wing Conspiracy™ is concealing all the cheering
The world is conspiring against trump? All the markets are nose diving in a big conspiracy to hurt trump? Wow.
Well of course you remember correctly and the dems even gave it to trump himself just to prove it was all a hoax. The best part, trump went along with the hoax and even fooled his base into believe it was nothing more than the common cold.the Vast Left-Wing Conspiracy™ invented COVID just to make Trump look bad, iirc
It was Japan that was dumping the most. There is a problem with your dollar and your treasuries but believe what you want or rather what you are told to believe.There's nothing wrong with the US dollar other than we sold trillions of T-bills to China and now they're dumping them because they're desperate for those very 'despised' US dollars to prop up their own currency to keep it from going into free-fall.
I bet they dont support the China tariffs. Making jeans, toys and running shoes are not good union jobs.No, it helps a small number of workers, which is why the UAW and teamsters support Trump's tariffs.
Why?I bet they dont support the China tariffs. Making jeans, toys and running shoes are not good union jobs.
Because the gravy train is ending?If what trump is doing is so great, how come basically the whole world is reacting in a negative manner?
A delightful American trait... The American shat in his pants and is sure that the Russians are to blame for this.Don’t be surprised to find out that America’s enemies in China and Russia have their fingers all over these plans.
Why wont they be good paying union jobs? If those industries were to return they would have to be low skilled non union workers in order to keep the prices at anything close to affordable. I read an article the other day that even if Apple were to assemble their iPhones in the US the cost given American labour rates would be several thousand...I think the number was $2500 but I don't recall exactly.Why?
Is it news to you that some BRICS members want to supplant the global dominance of the US dollar?A delightful American trait... The American shat in his pants and is sure that the Russians are to blame for this.
So you’re going to go with denial as Trump pushes our country off of a financial cliff.There's nothing wrong with the US dollar other than we sold trillions of T-bills to China and now they're dumping them because they're desperate for those very 'despised' US dollars to prop up their own currency to keep it from going into free-fall.
Lol UAW only wants the automotive tariffs, and it’s an open secret that O’Brien sold out.No, it helps a small number of workers, which is why the UAW and teamsters support Trump's tariffs.
Yes and no. It hurts normal people like you and me a lot more, because a much larger share of our income is consumed. When I buy some coffee from Colombia, it’s a larger share of my income than it is when a billionaire does the same.It hurts everyone, because every man, woman, and child is a consumer.
Everybody wants it for themselves.Nobody wants that shit. If the "safety net" were such a great idea you wouldn't have to force people to pay for it.
There's nothing wrong with the US dollar other than we sold trillions of T-bills to China and now they're dumping them because they're desperate for those very 'despised' US dollars to prop up their own currency to keep it from going into free-fall.
So you’re going to go with denial as Trump pushes our country off of a financial cliff.
Oh right... Japan doing the dumping. LOL. They just say 'Japan' because NOBODY want to say China is dumping or else their economy will go into total panic and meltdown. Trump wants a negotiated trade settlement, he doesn't want to destroy the Chinese economy because that will destroy ours too. Notice that Trump backed off when that happened, and then he made an effort to isolate China as the 'bad' free trading partner... as if the rest of the world didn't already know that. Bottom line is somebody needed to head to head against China trading practices and it might as well be now. The world world knows it, and they're behind Trump.It was Japan that was dumping the most. There is a problem with your dollar and your treasuries but believe what you want or rather what you are told to believe.
Oh right... Japan doing the dumping. LOL. They just say 'Japan' because NOBODY want to say China is dumping or else their economy will go into total panic and meltdown. Trump wants negotiated trade settlement, he doesn't want to destroy the Chinese economy because that will destroy ours too. Notice that Trump backed off when that happened, and then he made an effort to isolate China as the 'bad' free trading partner... as if the rest of the world didn't already know that. Bottom line is somebody needed to head to head against China trading practices and it might as well be now. The world world knows it, and they're behind Trump.
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