Goodbye to the Dollar

[Toddsterpatriot]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

There's no crash like a commie crash, eh comrade??

 

[georgephillip]

And you’re gonna celebrate.

And you’re gonna celebrate

If this US dollar loses its reserve status, I will likely become homeless (again)

Why would I celebrate that?

Goodbye to the Dollar

"For the majority of Americans, the 2020s will likely be remembered as a demoralizing decade of rising prices, stagnant wages, and fading international competitiveness.

"After years of swelling deficits fed by incessant warfare in distant lands, in 2030 the U.S. dollar eventually loses its special status as the world’s dominant reserve currency."

You celebrate because satisfying your bias is more important than your own welfare.

His assets are all in rubles.

His assets are all in rubles

They sure are

Trump and Russian Money GO WAY Back ... Lest we forget

You're Trump? Cool!

Anderson Cooper 360° on Twitter

 

[georgephillip]

Never Underestimate Trump.

Goodbye to the Dollar

"The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency.

"Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war.

"These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade.

"This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out."

"McCoy explains what a world financial order untethered from the dollar would look like:

"'For the majority of Americans, the 2020s will likely be remembered as a demoralizing decade of rising prices, stagnant wages, and fading international competitiveness.'

"'After years of swelling deficits fed by incessant warfare in distant lands, in 2030 the U.S. dollar eventually loses its special status as the world’s dominant reserve currency.'

"'Suddenly, there are punitive price increases for American imports ranging from clothing to computers...'"

And who will get the blame, a corrupt, gold-plated con man with the IQ of a senile chimp or immigrant caravans on our southern border?

Good. Our artificially inflated dollar has been a huge handicap for our exports for far too long.

Good. Our artificially inflated dollar has been a huge handicap for our exports for far too long.

I'm not clear on what you mean by "artificially inflated dollar", but I am clear about the international free ride the dollar's had since 1971:

America's China Bashing: A Compendium of Junk Economics | Michael Hudson

"The dollar’s double standard gives America an international free ride

"For over a century, central banks have managed exchange rates by raising or lowering the interest rate. Countries running trade and payments deficits raise rate to attract foreign funds.

"The IMF also directs them to impose domestic austerity programs that reduce asset prices for their real estate, stocks and bonds, making them prone to foreign buyouts.

"Vulture investors and speculators usually have a field day, as they did in the Asian crisis of 1997.

"Conversely, low interest rates lead bankers and speculators to seek higher returns abroad, borrowing domestic currency to buy foreign securities or make foreign loans.

"This capital outflow lowers the exchange rate.

"There is a major exception, of course: the United States.

"Despite running the world’s largest balance-of-payments deficit and also the largest domestic government budget deficit, it has the world’s lowest interest rates and easiest credit.

"The Federal Reserve has depressed the dollar’s exchange rate by providing nearly free credit to banks at only 0.25% interest. This 'quantitative easing'..."

 

[georgephillip]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

There's no crash like a commie crash, eh comrade??

There's no crash like a commie crash, eh comrade??

MAGA, yet

Think Trump can match this one?

Economics In Pictures: Percent U.S. Job Losses Great Recession Compared to the Depression

 

[Crepitus]

Never Underestimate Trump.

Goodbye to the Dollar

"The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency.

"Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war.

"These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade.

"This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out."

"McCoy explains what a world financial order untethered from the dollar would look like:

"'For the majority of Americans, the 2020s will likely be remembered as a demoralizing decade of rising prices, stagnant wages, and fading international competitiveness.'

"'After years of swelling deficits fed by incessant warfare in distant lands, in 2030 the U.S. dollar eventually loses its special status as the world’s dominant reserve currency.'

"'Suddenly, there are punitive price increases for American imports ranging from clothing to computers...'"

And who will get the blame, a corrupt, gold-plated con man with the IQ of a senile chimp or immigrant caravans on our southern border?

That must be why NATO has supported Trump's withdrawal from the nuclear arms treaty and why the European nations have followed Trump's lead in opposing Maduro, because the no longer trust American leadership.

Why do liberals hate America so much?

You need to support that NATO claim, I heard nothing along those lines.

Have you heard of Google? No? OK.

BRUSSELS (Reuters) - NATO allies “fully support” the United States’ pending withdrawal notice from the INF nuclear missile pact over Russia’s actions, a statement by the alliance said.

“The United States is taking this action in response to the significant risks to Euro-Atlantic security posed by Russia’s covert testing, production, and fielding of 9M729 ground-launched cruise missile systems,” it said.

“Allies fully support this action.”

NATO allies 'fully support' U.S. action on INF treaty | Reuters

I'm quite surprised to read that.

 

[Toddsterpatriot]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

There's no crash like a commie crash, eh comrade??

There's no crash like a commie crash, eh comrade??

MAGA, yet

Think Trump can match this one?

Economics In Pictures: Percent U.S. Job Losses Great Recession Compared to the Depression

 

[Toddsterpatriot]

Never Underestimate Trump.

Goodbye to the Dollar

"The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency.

"Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war.

"These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade.

"This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out."

"McCoy explains what a world financial order untethered from the dollar would look like:

"'For the majority of Americans, the 2020s will likely be remembered as a demoralizing decade of rising prices, stagnant wages, and fading international competitiveness.'

"'After years of swelling deficits fed by incessant warfare in distant lands, in 2030 the U.S. dollar eventually loses its special status as the world’s dominant reserve currency.'

"'Suddenly, there are punitive price increases for American imports ranging from clothing to computers...'"

And who will get the blame, a corrupt, gold-plated con man with the IQ of a senile chimp or immigrant caravans on our southern border?

Good. Our artificially inflated dollar has been a huge handicap for our exports for far too long.

Good. Our artificially inflated dollar has been a huge handicap for our exports for far too long.

I'm not clear on what you mean by "artificially inflated dollar", but I am clear about the international free ride the dollar's had since 1971:

America's China Bashing: A Compendium of Junk Economics | Michael Hudson

"The dollar’s double standard gives America an international free ride

"For over a century, central banks have managed exchange rates by raising or lowering the interest rate. Countries running trade and payments deficits raise rate to attract foreign funds.

"The IMF also directs them to impose domestic austerity programs that reduce asset prices for their real estate, stocks and bonds, making them prone to foreign buyouts.

"Vulture investors and speculators usually have a field day, as they did in the Asian crisis of 1997.

"Conversely, low interest rates lead bankers and speculators to seek higher returns abroad, borrowing domestic currency to buy foreign securities or make foreign loans.

"This capital outflow lowers the exchange rate.

"There is a major exception, of course: the United States.

"Despite running the world’s largest balance-of-payments deficit and also the largest domestic government budget deficit, it has the world’s lowest interest rates and easiest credit.

"The Federal Reserve has depressed the dollar’s exchange rate by providing nearly free credit to banks at only 0.25% interest. This 'quantitative easing'..."

"Despite running the world’s largest balance-of-payments deficit and also the largest domestic government budget deficit, it has the world’s lowest interest rates and easiest credit.

 

[Deno]

Never Underestimate Trump.

Goodbye to the Dollar

"The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency.

"Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war.

"These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade.

"This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out."

"McCoy explains what a world financial order untethered from the dollar would look like:

"'For the majority of Americans, the 2020s will likely be remembered as a demoralizing decade of rising prices, stagnant wages, and fading international competitiveness.'

"'After years of swelling deficits fed by incessant warfare in distant lands, in 2030 the U.S. dollar eventually loses its special status as the world’s dominant reserve currency.'

"'Suddenly, there are punitive price increases for American imports ranging from clothing to computers...'"

And who will get the blame, a corrupt, gold-plated con man with the IQ of a senile chimp or immigrant caravans on our southern border?

You libtatds and your

“The Sky Is Falling because of TRUMP” threads are a hoot….

The Sane know you are full of SHIT…

What about you Tards and your penchant for quantitative easing?

You libtatds and your

“The Sky Is Falling because of TRUMP” threads are a hoot….

The Sane know you are full of SHIT…

What about you Tards and your penchant for quantitative easing?

Should Trump thank Obama for America’s economic ‘miracle’? - AEI

"Monthly job growth averaged 211,000 during Obama’s final two years in office vs. 195,000 during the Trump presidency so far. (And faster this year than last through August.)

"If you looked at a long-term chart of job growth, it wouldn’t be immediately apparent when Trump took office or when the tax cuts passed.

"Steady state as she goes (though it is certainly notable that job growth has remained this strong this long into the expansion)."

True Economics: 20/1/17: Obama Legacy: Debt

OboZo said we were Flucked and the jobs were never coming back....

Trump has made a fool of OboZo and his party....

Thank God for President Donald J, Trump...………..

 

[RoshawnMarkwees]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

You should move to Venezuela.

 

[cnm]

I'm quite surprised to read that.

The sheep are being herded by the shepherd. As though NATO 'allies' give much of a fuck about INF in Chinese hands...nor is the US going to put INF in Europe in response.

Trump’s national security adviser John Bolton has called the INF treaty outdated and said it doesn’t address the rising threat from China, which isn’t bound by the accord.
why-u-s-may-end-reagan-pact-on-nukes-aimed-at-europe-quicktake​

 

[georgephillip]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

There's no crash like a commie crash, eh comrade??

There's no crash like a commie crash, eh comrade??

MAGA, yet

Think Trump can match this one?

Economics In Pictures: Percent U.S. Job Losses Great Recession Compared to the Depression

View attachment 244347

Is it the US financial system or post cold-war military expansionism that drives neoliberal capitalism?

 

[sparky]

I've followed this issue for 4-5 administrations , Trump has little to do with what is already in place ,at best he'll fester the wound.......at worst metastasize it globally.....Ironicaly,Trump path to fortune as a globalist hasn't a clue how a global economy actually works

~S~

 

[sparky]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

There's no crash like a commie crash, eh comrade??

There's no crash like a commie crash, eh comrade??

MAGA, yet

Think Trump can match this one?

Economics In Pictures: Percent U.S. Job Losses Great Recession Compared to the Depression

View attachment 244347

Is it the US financial system or post cold-war military expansionism that drives neoliberal capitalism?

the American exceptionalist bone connected to the military bone, by way of the IMF ligament isn't a stretch of immagination ,even for the ignorati George

~S~

 

[georgephillip]

You celebrate because satisfying your bias is more important than your own welfare.

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

You should move to Venezuela.

You should move to Venezuela

Why when it's easy to fix the problem here?

 

[georgephillip]

I've followed this issue for 4-5 administrations , Trump has little to do with what is already in place ,at best he'll fester the wound.......at worst metastasize it globally.....Ironicaly,Trump path to fortune as a globalist hasn't a clue how a global economy actually works

~S~

Trump's ignorance is compounded by his innate resistance to notice, much less address, his deficiencies. That probably won't improve as impeachment becomes more likely over the next two years:

https://www.washingtonpost.com/opin...-policy/?noredirect=on&utm_term=.497703765844

"After two years Trump is more ignorant on foreign policy..."

"President Trump’s failure to study and comprehend history, foreign or military affairs, security briefings and geography becomes more glaring as the last remaining national security adults have exited the administration (e.g., H.R. McMaster, Jim Mattis, Nikki Haley).

"What is left is unadulterated Trump — bundle of misinformation, bravado and fractured fairy tales Trump tells himself. Wednesday brought a doozy. He said:

"'So you take a look at other countries, Pakistan is there, they should be fighting. But Russia should be fighting, the reason Russia was in Afghanistan was because terrorists were going into Russia, they were right to be there, the problem is it was a tough fight and literally they went bankrupt, they went into being called Russia again as opposed to the Soviet Union.'"

 

[sparky]

Trump's ignorance is compounded by his innate resistance to notice, much less address, his deficiencies

Evident by the dismisal and/or resignation of more key members in the entire history of the offal office....

That probably won't improve as impeachment becomes more likely over the next two years:

Well one needs to grasp Trump is a globalist George , his history as a CEO was wheelin' & dcealin' on a global scale.

With that in mind, let's say Mueller has Trump dead to rights via a 'global' conspiracy for election fraud.

He's have to be impeached via Congress , who are all basically guilty of the very same thing

I don't believe one needs be a rocket scientist to figure that one out.....

As to the economic shenanigahs in flux, should the dollar crash i;ll wager Trump invading some country the next day,along with his idiot supporters who can't chew gum & walk

~S~

 

[georgephillip]

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

Captain Capitalism: Everything BUT GDP Points to a Recession

Trump's neocons have done what no one thought possible. drive Russia and China together while propelling Germany and other European states into the Eurasian orbit. His rare blend of ignorance, arrogance, and racism has led other countries to de-dollarize and replace US economic exceptionalism with their own national interests. MAGA, yet?

My own biases have nothing to do with the historical fact capitalism crashes ever seven or eight years.

There's no crash like a commie crash, eh comrade??

There's no crash like a commie crash, eh comrade??

MAGA, yet

Think Trump can match this one?

Economics In Pictures: Percent U.S. Job Losses Great Recession Compared to the Depression

View attachment 244347

Is it the US financial system or post cold-war military expansionism that drives neoliberal capitalism?

the American exceptionalist bone connected to the military bone, by way of the IMF ligament isn't a stretch of immagination ,even for the ignorati George

~S~

the American exceptionalist bone connected to the military bone, by way of the IMF ligament isn't a stretch of immagination ,even for the ignorati George

American Exceptionalism has come from the barrel of a gun since 1945. Maybe Trump's Anglo-Saxon incompetence will put an end to that global threat"

"The end of the Anglo-American order?
9 June 2017..."

The end of the Anglo-American order?

"Nato, the IMF, the World Bank and the Five Eyes intelligence community all stemmed from the Atlantic Charter signed by Franklin Delano Roosevelt and Winston Churchill in August 1941.

"The liberalised free trade system that flourished after the war is often called the Anglo-Saxon model.

"The post-world global architecture, diplomatic, mercantile and financial, was largely an English-speaking construct

"In recent weeks, however, the Anglo-American order has looked increasingly weak and wobbly.

"The unexpectedly messy result of the (Brexit) British election makes it look still more fragile, like a historic edifice left tottering in the wake of a major quake.

"There is uncertainty in Westminster, and something nearing chaos in Washington because of Russian probe at the White House and on Capitol Hill.

"Neither Britain nor America can boast strong and stable governments. Neither have the look of global exemplars."