Is Trump deliberately devaluing the dollar?

[frigidweirdo]

Dollar plummets after Trump steps up attacks on central bank chief Powell

The dollar slumped to its lowest level in three years after Donald Trump’s economic adviser suggested that the US president is seeking to oust the chairman of the Federal Reserve.

uk.finance.yahoo.com

"Dollar plummets after Trump steps up attacks on central bank chief Powell"

Seems like Trump keeps doing stupid stuff he knows will cause the dollar to devalue.

He's said he wants to devalue it.

It's great for rich people. Not so great for the poor people who will end up paying more for everything.

 

[White 6]

Dollar plummets after Trump steps up attacks on central bank chief Powell

The dollar slumped to its lowest level in three years after Donald Trump’s economic adviser suggested that the US president is seeking to oust the chairman of the Federal Reserve.

uk.finance.yahoo.com

"Dollar plummets after Trump steps up attacks on central bank chief Powell"

Seems like Trump keeps doing stupid stuff he knows will cause the dollar to devalue.

He's said he wants to devalue it.

It's great for rich people. Not so great for the poor people who will end up paying more for everything.

He probably thinks it will be good for crypto.

 

[frigidweirdo]

He probably thinks it will be good for crypto.

He's said that he wants a weaker dollar so that manufacturing will be more competitive. Though I'm sure he's also hedging his bets on Bitcoin too.

 

[Orangecat]

He probably thinks it will be good for crypto.

F’n great for gold. I bought in at $1500.

 

[BluesLegend]

Is Trump deliberately devaluing the dollar?​

I'm pretty sure it was the $36 TRILLION in government borrowing they have yet to pay back that did that.

 

[BluesLegend]

F’n great for gold. I bought in at $1500.
View attachment 1102924

Dem memo, those who bought gold are racists and HITLER!

 

[gtopa1]

Dollar plummets after Trump steps up attacks on central bank chief Powell

The dollar slumped to its lowest level in three years after Donald Trump’s economic adviser suggested that the US president is seeking to oust the chairman of the Federal Reserve.

uk.finance.yahoo.com

"Dollar plummets after Trump steps up attacks on central bank chief Powell"

Seems like Trump keeps doing stupid stuff he knows will cause the dollar to devalue.

He's said he wants to devalue it.

It's great for rich people. Not so great for the poor people who will end up paying more for everything.

I hope so; I want to be able to buy US made at a more reasonable exchange rate!! We had parity not that long ago but now we are only 64US cents to our dollar.

Greg

 

[krichton]

Dollar is down to 98 from 109 when Biden left office in Jan. It hasn't been below 100 since 2021 when Biden took over for Trump and the pandemic was still ongoing. When the market was in a recession back in 2008 investors and countries still ran to invest in the dollar because of it's stability and value. Not anymore! Trump wants to bring both the market and the dollar down. What better way to destroy our economy, just like he destroyed all his idiotic businesses which went nowhere but into the toilet, the same place he's aiming to put America.

 

[excalibur]

Powell cut rates ahead of the 2024 election, trying to help Harris.

 

[Orangecat]

Dollar is down to 98 from 109 when Biden left office in Jan. It hasn't been below 100 since 2021 when Biden took over for Trump and the pandemic was still ongoing. When the market was in a recession back in 2008 investors and countries still ran to invest in the dollar because of it's stability and value. Not anymore! Trump wants to bring both the market and the dollar down. What better way to destroy our economy, just like he destroyed all his idiotic businesses which went nowhere but into the toilet, the same place he's aiming to put America.

 

[Mac1958]

"Dollar plummets after Trump steps up attacks on central bank chief Powell"

He's doing this while so completely alienating our former friends and trading partners, and making America so unstable and untrustworthy, that the "reserve currency status" whispers are getting louder globally. Who's going to be on our side? Israel, I guess. Gee, that'll work.

If we lose that status, it's over. All due to the mental illness and intellectual weakness of one orange buffoon.

But no doubt, if it were to happen, Trump and his flock will blame someone else.

 

[pknopp]

Powell cut rates ahead of the 2024 election, trying to help Harris.

The rate was cut in Dec .25. This is NOT what Trump wants as it would have been a cut after he had won so the Fed did cut the rate.

He wants it back to near zero which is incredibly stupid but stupid is as stupid does.

 

[pknopp]

He's doing this while so completely alienating our former friends and trading partners, and making America so unstable and untrustworthy, that the "reserve currency status" whispers are getting louder globally. Who's going to be on our side? Israel, I guess. Gee, that'll work.

If we lose that status, it's over. All due to the mental illness and intellectual weakness of one orange buffoon.

But no doubt, if it were to happen, Trump and his flock will blame someone else.

I've noted for a long time that the Dollar was going to be undermined as the world currency. I imagined it would be places like China and India doing it, not the American President.

When it happens, it's going to be ugly.

 

[Mac1958]

I've noted for a long time that the Dollar was going to be undermined as the world currency. I imagined it would be places like China and India doing it, not the American President.

This is what it looks like when an authoritarian surrounds himself with sycophants who never question him, who rules by fear, threats and intimidation.

The world has seen this over and over and over, but somehow American didn't learn.

 

[Vastator]

In theory; if the dollar were sufficiently devalued the national debt could be paid off in gold...

 

[luiza]

This is what it looks like when an authoritarian surrounds himself with sycophants who never question him, who rules by fear, threats and intimidation.

The world has seen this over and over and over, but somehow American didn't learn.

I realise you are just waffling because you are simply bitter and vacuous .
But just to help :-

What do you ideally do , if you owe $35 trillion ?
Lower $ value by 50% , for example, and only owe $17.5 trillion

Or , lower it by 80% , say , and only owe $7trillion .

Easy, when you know What to do and How to do it .
Key further steps then follow but that is enough for your first lesson .

Hint .
It allows you to sack the Federal Reserve piece meal ------ the unelected private club with zero reserves .

 

[Mac1958]

I realise you are just waffling because you are simply bitter and vacuous .
But just to help :-

What do you ideally do , if you owe $35 trillion ?
Lower $ value by 50% , for example, and only owe $17.5 trillion

Or , lower it by 80% , say , and only owe $7trillion .

Easy, when you know What to do and How to do it .
Key further steps then follow but that is enough for your first lesson .

Hint .
It allows you to sack the Federal Reserve piece meal ------ the unelected private club with zero reserves .

GOP lawmakers running out of options to pay for Trump’s costly agenda

Trump and MAGA are economically illiterate.

 

[luiza]

GOP lawmakers running out of options to pay for Trump’s costly agenda

Trump and MAGA are economically illiterate.

But I (they )JUST STOPPED YOU DEAD IN YOUR TRACKS .

Stick to subjects where you have a modicum of grounding ,.

 

[Mac1958]

Stick to subjects where you have a modicum of grounding ,.

23+ year CFP / Financial Advisor / 7, 63, 65, CLU/ChFC, writer, author.

How about you?

 

[luiza]

23+ year CFP / Financial Advisor / 7, 63, 65, CLU/ChFC, writer, author.

How about you?

Apparently you expect me to believe that a Flea is really a Falcon .

Anybody who pretended as much as you with zero support would be shunned and laughed at in international circles .