Trump and the Death of the Dollar

[mellincf]

Trump supporters don't see the damage that Trump is doing to our country internationally. For just one example, China is now trying to make the yuan, instead of the dollar, the international currency. What would your dollar be worth then? China can do this because Trump is not respected, and therefore the USA is not respected, and then the dollar is not respected.

The Yuan Could Replace The U.S. Petrodollar As World's Reserve Currency - And That's Bullish For Gold - SPDR Gold Trust ETF (NYSEARCA:GLD) | Seeking Alpha (https://seekingalpha.com/article/4113239-yuan-replace-u-s-petrodollar-worlds-reserve-currency-bullish-gold)


Yuan: Reserve Currency to Global Currency? (https://www.thebalance.com/yuan-reserve-currency-to-global-currency-3970465)


https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.html

[Allegiance]

Trump supporters don't see the damage that Trump is doing to our country internationally. For just one example, China is now trying to make the yuan, instead of the dollar, the international currency. What would your dollar be worth then? China can do this because Trump is not respected, and therefore the USA is not respected, and then the dollar is not respected.

https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.htmlAnother, lol. You are more retarded than Taltarzac.

[billethkid]

Trump supporters don't see the damage that Trump is doing to our country internationally. For just one example, China is now trying to make the yuan, instead of the dollar, the international currency. What would your dollar be worth then? China can do this because Trump is not respected, and therefore the USA is not respected, and then the dollar is not respected.

The Yuan Could Replace The U.S. Petrodollar As World's Reserve Currency - And That's Bullish For Gold - SPDR Gold Trust ETF (NYSEARCA:GLD) | Seeking Alpha (https://seekingalpha.com/article/4113239-yuan-replace-u-s-petrodollar-worlds-reserve-currency-bullish-gold)


Yuan: Reserve Currency to Global Currency? (https://www.thebalance.com/yuan-reserve-currency-to-global-currency-3970465)


https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.html

:ohdear:

[Don Baldwin]

Trump supporters don't see the damage that Trump is doing to our country internationally. For just one example, China is now trying to make the yuan, instead of the dollar, the international currency. What would your dollar be worth then? China can do this because Trump is not respected, and therefore the USA is not respected, and then the dollar is not respected.

The Yuan Could Replace The U.S. Petrodollar As World's Reserve Currency - And That's Bullish For Gold - SPDR Gold Trust ETF (NYSEARCA:GLD) | Seeking Alpha (https://seekingalpha.com/article/4113239-yuan-replace-u-s-petrodollar-worlds-reserve-currency-bullish-gold)


Yuan: Reserve Currency to Global Currency? (https://www.thebalance.com/yuan-reserve-currency-to-global-currency-3970465)


https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.html

WHY do you women talk about sh!t you know NOTHING about?

The dollar is "losing respect" because the US has borrowed over $20 trillion f@cking dollars. We live high on the hog and throw scraps. We bully others. We FORCE them to accept military bases. We tell them what to do and how to do it. We keep them enslaved through debt. We fix their elections as corruptly as we fix our own. It DOESN'T matter who wins when they're both corrupt.

America is bankrupt...ONLY the military and our threats of world annihilation keep us on top.

ALL for the wealthy who want to dominate the planet.

[Rockyrd]

Barely a day after being tweet-slammed by President Trump, Pakistan announced new measures that will strengthen its trade ties with China.
Pakistan's central bank said it has officially adopted China's yuan as a currency for trade between the two countries, which are neighbors and allies.
That means companies in China and Pakistan can now trade directly in yuan instead of having to use currencies such as the U.S. dollar.
The decision was announced shortly after Trump lashed out at Pakistan. He used his first tweet of 2018 to say the United States had "foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies and deceit."

http://money.cnn.com/2018/01/03/news/economy/pakistan-china-trump-trade-yuan-dollar/index.html

Conducting business by tweet and trying to bully will not work

[Don Baldwin]

Barely a day after being tweet-slammed by President Trump, Pakistan announced new measures that will strengthen its trade ties with China.
Pakistan's central bank said it has officially adopted China's yuan as a currency for trade between the two countries, which are neighbors and allies.
That means companies in China and Pakistan can now trade directly in yuan instead of having to use currencies such as the U.S. dollar.
The decision was announced shortly after Trump lashed out at Pakistan. He used his first tweet of 2018 to say the United States had "foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies and deceit."

Pakistan cozies up to China on trade after Trump tweet - Jan. 3, 2018 (http://money.cnn.com/2018/01/03/news/economy/pakistan-china-trump-trade-yuan-dollar/index.html)

Conducting business by tweet and trying to bully will not work

So...we should KEEP giving them money WE have to borrow...and they should keep lying to us?

[Rockyrd]

So...we should KEEP giving them money WE have to borrow...and they should keep lying to us?

How about acting like an adult, a leader, and President of the United States and tell them to their face.

I realize he and his followers love when he is not conventional, and I get that, but let's at least act like a world leader.

Embarrassing them on the world stage while everyone is watching, seems to me to be counter productive and sort of beating your chest.

All the countries in the world are not going to roll over every time he tweets

[Don Baldwin]

How about acting like an adult, a leader, and President of the United States and tell them to their face.

I realize he and his followers love when he is not conventional, and I get that, but let's at least act like a world leader.

Embarrassing them on the world stage while everyone is watching, seems to me to be counter productive and sort of beating your chest.

All the countries in the world are not going to roll over every time he tweets

How about we ALL admit that Islam and "The West" will NEVER agree? Will NEVER get along? That would go a LONG way in an actual solution.

But I don't think we WANT a "solution"...there's too much money to be made in conflict.

[Kenswing]

China has been trying to become the international currency long before Trump came along.. Remember, China plays the long game. They are very patient. They have been doing this for centuries.

[Allegiance]

How about we ALL admit that Islam and "The West" will NEVER agree? Will NEVER get along? That would go a LONG way in an actual solution.

But I don't think we WANT a "solution"...there's too much money to be made in conflict.They are not us Donny

[doughete]

Monetary markets are not always completely rational. Bitcoin has value, it's a sign of how desperate we are to have a form of currency for trade. I don't think Trump rants have anything to do with the value of the dollar. China buys dollars and Euros to have a currency available and respected around the world in case their is a run on the yuan. China will become the largest economy in the world, that said if you lived in Norway would you care the Norwegian economy is insignificant as long as your standard of living was pretty dam good.

[billethkid]

Just follow the history/tracking of the US$ and one can see very quickly it's position has little to do with who is in the WH.
And of course the partisan loyals will parrot what they are directed to say....regardless!

[Don Baldwin]

Monetary markets are not always completely rational. Bitcoin has value, it's a sign of how desperate we are to have a form of currency for trade. I don't think Trump rants have anything to do with the value of the dollar. China buys dollars and Euros to have a currency available and respected around the world in case their is a run on the yuan. China will become the largest economy in the world, that said if you lived in Norway would you care the Norwegian economy is insignificant as long as your standard of living was pretty dam good.

Bitcoin has NO value. It's a string of numbers. As long as "the bitcoin system" is running, THEY give it value. But once that goes away...so does Bitcoin.

Just follow the history/tracking of the US$ and one can see very quickly it's position has little to do with who is in the WH.
And of course the partisan loyals will parrot what they are directed to say....regardless!

Of course...presidents don't RUN anything...they are figure heads...talking heads. The "system" runs things. The whole "government" thing is a charade...The wealthy put the people they want in office by NOT offering ANY choices. You can "pick" one of their pre-selected lackeys. The D or the R...but that's it.

[doughete]

I once had a boss who railed against removing the gold standard and how worthless the paper dollar was because the only thing backing it was the full faith and confidence of the American government. He didn't take up my offer of a shiny piece of valuable metal for any any bill in his wallet.

[doughete]

There is another issue which commonly comes up in this forum. If all of the illegals went home that would drive down GDP and weaken the dollar. Just sayin.

[Don Baldwin]

I once had a boss who railed against removing the gold standard and how worthless the paper dollar was because the only thing backing it was the full faith and confidence of the American government. He didn't take up my offer of a shiny piece of valuable metal for any any bill in his wallet.

He should have...the dollar continues to lose value and gold is for the most part up.

Better than buying "tulips"...Bitcoin. Or playing in the casino (stock market)...even though the odds have been pretty good lately.

There is another issue which commonly comes up in this forum. If all of the illegals went home that would drive down GDP and weaken the dollar. Just sayin.

There are only 11 million "illegals" at any one time...a drop in the bucket compared to the 50 million or so anchor babies they left behind.

Hispanics have the majority of babies...have been for the last 8 years. In 30 years...they'll have bred us out.

[Dr Winston O Boogie jr]

There is another issue which commonly comes up in this forum. If all of the illegals went home that would drive down GDP and weaken the dollar. Just sayin.

Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

[doughete]

He should have...the dollar continues to lose value and gold is for the most part up.

Better than buying "tulips"...Bitcoin. Or playing in the casino (stock market)...even though the odds have been pretty good lately.



There are only 11 million "illegals" at any one time...a drop in the bucket compared to the 50 million or so anchor babies they left behind.

Hispanics have the majority of babies...have been for the last 8 years. In 30 years...they'll have bred us out.

I would have given him a bright new shiny penny for any worthless paper bill he had.

[Don Baldwin]

Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

The Mexicans took the jobs the blacks held...so the blacks went on welfare.

[Wiotte]

The Mexicans took the jobs the blacks held...so the blacks went on welfare.



Actually, the blacks moved up a notch. The Mexicans are the new nigga’s.


Sent from my iPhone using Tapatalk

[doughete]

Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

I think you need to look up how GDP is calculated. By definition GDP is additive. If someone works and produces a good or service GDP goes up. Don't feel bad if you don't fully understand this calculation. Donald has shown he doesn't in interviews he has given. Of course this was a fundamental calculation in the economics degree he has from a top school (U of P). We all forget a lot of what we studied in college but I think it's dementia.

[AJ32162]

I think you need to look up how GDP is calculated. By definition GDP is additive. If someone works and produces a good or service GDP goes up. Don't feel bad if you don't fully understand this calculation. Donald has shown he doesn't in interviews he has given. Of course this was a fundamental calculation in the economics degree he has from a top school (U of P). We all forget a lot of what we studied in college but I think it's dementia.

You just made the OP's point. "IF someone works...". As the OP stated, many don't.

[Rockyrd]

Getting back to the actual subject of the thread....

"President Donald Trump seems to favor measuring his economic performance by the way in which the U.S. stock market is doing. However, a more revealing and less rosy measure of his economic performance might be coming from the currency markets.

Following an initial bump up in the dollar's value at the end of last year, on the prospect of a Trump presidency, the dollar has lost as much as 10 percent of its value since January 2017, Trump's inauguration. This sharp dollar decline suggests growing doubts on the part of currency traders as to the direction of U.S. economic policy.

The dollar's recent decline is particularly troubling, as it comes at a time when two historically very dollar-supportive factors are in play."

Access Denied (https://www.usnews.com/opinion/economic-intelligence/articles/2017-08-22/under-trump-the-dollar-is-weakening-when-it-should-be-strong)

"The US dollar plunged during the European morning Wednesday, following a Bloomberg report that China is considering to slow or halt its purchases of US Treasuries. The declining appeal of US bonds, relative to other assets, and the trade tensions between the two nations were cited as the main reasons for this consideration, according to the report.

European Open Preview – Dollar trips on China-related reports but recovers; eurozone IP and ECB minutes eyed (https://www.xm.com/european-open-preview-dollar-trips-on-china-related-reports-but-recovers-eurozone-ip-and-ecb-minutes-eyed-66607)

[Don Baldwin]

Getting back to the actual subject of the thread....

"President Donald Trump seems to favor measuring his economic performance by the way in which the U.S. stock market is doing. However, a more revealing and less rosy measure of his economic performance might be coming from the currency markets.

Following an initial bump up in the dollar's value at the end of last year, on the prospect of a Trump presidency, the dollar has lost as much as 10 percent of its value since January 2017, Trump's inauguration. This sharp dollar decline suggests growing doubts on the part of currency traders as to the direction of U.S. economic policy.

The dollar's recent decline is particularly troubling, as it comes at a time when two historically very dollar-supportive factors are in play."

Access Denied (https://www.usnews.com/opinion/economic-intelligence/articles/2017-08-22/under-trump-the-dollar-is-weakening-when-it-should-be-strong)

"The US dollar plunged during the European morning Wednesday, following a Bloomberg report that China is considering to slow or halt its purchases of US Treasuries. The declining appeal of US bonds, relative to other assets, and the trade tensions between the two nations were cited as the main reasons for this consideration, according to the report.

European Open Preview – Dollar trips on China-related reports but recovers; eurozone IP and ECB minutes eyed (https://www.xm.com/european-open-preview-dollar-trips-on-china-related-reports-but-recovers-eurozone-ip-and-ecb-minutes-eyed-66607)

It's ALL theater. China isn't going to stop buying treasuries...we're their biggest customer...without us...they go out of business.

It's sound and fury signifying nothing.

"Money" is just a scam. There's as much as is needed...because they pull it out of thin air. They make it up as needed.

[doughete]

You just made the OP's point. "IF someone works...". As the OP stated, many don't.

As long as one person works GDP will go up. It's a technical term and if you are going to use it you should look up and understand its meaning.

[Don Baldwin]

As long as one person works GDP will go up. It's a technical term and if you are going to use it you should look up and understand its meaning.

You're missing his point...welfare doesn't count...they call it a "transfer" even though it's not. IF this country DIDN'T borrow over a $ trillion a year...+/- 25% of the budget...you COULD call it a transfer. But there ISN'T anything transferred to pay the poor. It's borrowed.

It's like saying you have a positive household budget...UNTIL you add in your dependent son or daughter who uses and doesn't produce...you MUST take out a loan to support them...but you don't count him/her as a loss to the family budget.

The numbers are "massaged". They mean nothing.

[AJ32162]

As long as one person works GDP will go up. It's a technical term and if you are going to use it you should look up and understand its meaning.

Reading comprehension is obviously not your strong suit. I never used the term "GDP", did I?

[doughete]

Reading comprehension is obviously not your strong suit. I never used the term "GDP", did I?

You didn't, I introduced GDP. However your response to me was :
Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

I didn't assume hard working or tax paying. Neither comes into the calculation of GDP.

[AJ32162]

You didn't, I introduced GDP. However your response to me was :
Nonsense. You're assuming that all of the illegals at hard working tax paying people. Many are not. And those who are working are holding jobs that US citizens would take.

I didn't assume hard working or tax paying. Neither comes into the calculation of GDP.

I never made the assumption "that all of the illegals at(?) hard working taxpaying people." In fact, I clearly stated in my post that many are not.

To summarize the inference of my original post (which you obviously failed to comprehend), if you do not work, you do not produce and therefore do not contribute to the GDP. Welfare recipients do not 'produce' and therefore contribute NOTHING to the GDP.

[Don Baldwin]

I never made the assumption "that all of the illegals at(?) hard working taxpaying people." In fact, I clearly stated in my post that many are not.

To summarize the inference of my original post (which you obviously failed to comprehend), if you do not work, you do not produce and therefore do not contribute to the GDP. Welfare recipients do not 'produce' and therefore contribute NOTHING to the GDP.

They DO "contribute"...by proxy...but it's "hidden". You see...ALL the companies and people do work for things that the poor get. So ALL the stuff the poor CONSUME is counted. Just not the fact that the government had to borrow to pay for it.

[AJ32162]

They DO "contribute"...by proxy...but it's "hidden". You see...ALL the companies and people do work for things that the poor get. So ALL the stuff the poor CONSUME is counted. Just not the fact that the government had to borrow to pay for it.

I agree. As you said, they do contribute to the GDP by proxy...their 'contribution' subsidized by the government.

[doughete]

I agree. As you said, they do contribute to the GDP by proxy...their 'contribution' subsidized by the government.

I hate to get technical. Both of you are confusing production and consumption. GDP is used as a proxy measure of what is produced in a country. If a farmer produces 3 blocks of cheese, one he sells to his neighbor, one the govt buys and gives to someone on welfare and one is sold in Canada. The different ways the cheese is consumed has no effect on the calculation of GDP.

[Bog99]

Trump supporters don't see the damage that Trump is doing to our country internationally. For just one example, China is now trying to make the yuan, instead of the dollar, the international currency. What would your dollar be worth then? China can do this because Trump is not respected, and therefore the USA is not respected, and then the dollar is not respected.

The Yuan Could Replace The U.S. Petrodollar As World's Reserve Currency - And That's Bullish For Gold - SPDR Gold Trust ETF (NYSEARCA:GLD) | Seeking Alpha (https://seekingalpha.com/article/4113239-yuan-replace-u-s-petrodollar-worlds-reserve-currency-bullish-gold)


Yuan: Reserve Currency to Global Currency? (https://www.thebalance.com/yuan-reserve-currency-to-global-currency-3970465)


Petro-yuan: China wants to dethrone dollar, RMB-denominated oil contracts (https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.html)


China has been moving in this direction for years. That you bring it up now and stupidly try to blame on Trump shows your opportunism and ignorance.

[AJ32162]

I hate to get technical. Both of you are confusing production and consumption. GDP is used as a proxy measure of what is produced in a country. If a farmer produces 3 blocks of cheese, one he sells to his neighbor, one the govt buys and gives to someone on welfare and one is sold in Canada. The different ways the cheese is consumed has no effect on the calculation of GDP.

Agreed.

[mellincf]

China has been moving in this direction for years. That you bring it up now and stupidly try to blame on Trump shows your opportunism and ignorance.

I bet I can make MY font bigger than YOUR font.

[Don Baldwin]

I hate to get technical. Both of you are confusing production and consumption. GDP is used as a proxy measure of what is produced in a country. If a farmer produces 3 blocks of cheese, one he sells to his neighbor, one the govt buys and gives to someone on welfare and one is sold in Canada. The different ways the cheese is consumed has no effect on the calculation of GDP.

Agreed.

NO AJ, dougie is NOT correct.

The "production" that went into the block the government bought for the poor shouldn't be counted because the money was BORROWED. The poor cost the nation over a $ trillion a year...coincidentally...we go into debt over a $ trillion a year.

You CAN'T count as bona fide production that which relies on debt. Like an equation...you MUST balance it out...and they do not. They don't subtract the debt from the GDP. 10 years ago it wasn't so important...but lately...the deficit has been huge...and it matters.

The government numbers are mostly fake...massaged, seasonal adjustments, adjustments for weather, a disaster...anything it takes to make it look good.