US dollar dominance fading.

[JLW]

The summit between President Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs, Taiwan, Iran and sanctions. But simmering below the surface is another battle between the United States and China: an intensifying currency war.

Concerns about America’s mounting debt load and its aggressive use of sanctions to cut adversaries off from the Western financial system have raised doubts about the safety of the dollar as the world’s reserve currency. Those fears have led to growing demand for gold and increasing numbers of oil transactions using cryptocurrencies or China’s currency, the renminbi. An erosion of the dollar’s dominance would be a problem for the U.S. economy....

How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.

www.nytimes.com

*****************************************************************

Is this any surprise? Trump has declared economic war against the world and the world is responding. The countries of the world are looking at the renminbi, cryptocurrency and the Euro as well, as potential dollar substitutes. China sees US weakness and now is taking advantage of it. The dollar continuing as the world's reserve currency is in serious doubt because of Trump's economic and hot wars. Trump has done more to increase Chinese influence while simultaneously decreasing US standing in the world than any other president before him. The world does not want to be beholden to an increasingly erratic and rogue USA. Trump has offended our allies and foes alike. Elect a fool expect foolish decisions.

 

[IM2]

The wages of Trump.

 

[C_Clayton_Jones]

Trump has done more to increase Chinese influence while simultaneously decreasing US standing in the world than any other president before him.

True.

Trump is facilitating the decline of American international influence.

 

[Dont Taz Me Bro]

Been going on for a long time. We can't just keep accumulating trillions in debt year after year and expect no consequences.

 

[JLW]

Been going on for a long time. We can't just keep accumulating trillions in debt year after year and expect no consequences.

True, but Trump has greatly accelerated the demise of the dollar.

 

[IM2]

Been going on for a long time. We can't just keep accumulating trillions in debt year after year and expect no consequences.

We didn't have to have this debt, and it is not caused by the reasons you or others believe.

 

[g5000]

I've been saying for a long time now that Trump is making America irrelevant.

It almost feels deliberate.

But I've also been pointing out since 2016 Trump was and is a far left New York Democrat.

So Trump's destruction of America totally tracks.

 

[luiza]

True, but Trump has greatly accelerated the demise of the dollar.

Deliberately .
As a Jewish Deep State facilitator .
Not as the US President .

 

[IM2]

I've been saying for a long time now that Trump is making America irrelevant.

It almost feels deliberate.

But I've also been pointing out since 2016 Trump was and is a far left New York Democrat.

So Trump's destruction of America totally tracks.

Trump is a fascist.

 

[pknopp]

Been going on for a long time. We can't just keep accumulating trillions in debt year after year and expect no consequences.

Yep, a few of us have been pointing out this for quite awhile.

Mostly told its never going to happen.

It is.

 

[IM2]

Yep, a few of us have been pointing out this for quite awhile.

Mostly told its never going to happen.

It is.

It doesn't matter if you cut spending. The problem is not spending.

" Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990. Large and persistent gaps in rates of employment, education, and earnings across races "add up to a smaller economic pie for the nation as a whole" This statement is from a working paper published by members of the San Francisco Federal Reserve about the economic impact of continued inequity. It is titled: “The Economic Gains from Equity” In this paper, they state that from 1990 until 2022, the United States lost 51 trillion dollars in economic output due to continuing systemic disparities. I think the study speaks for itself as to what we should do.

Ann Saphi, Racial inequities cost U.S. economy trillions, researchers find, Reuters, September 9, 2021,Racial inequities cost U.S. economy trillions, researchers find.

https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2021-11.pdf

 

[pknopp]

It doesn't matter if you cut spending. The problem is not spending.

" Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990. Large and persistent gaps in rates of employment, education, and earnings across races "add up to a smaller economic pie for the nation as a whole" This statement is from a working paper published by members of the San Francisco Federal Reserve about the economic impact of continued inequity. It is titled: “The Economic Gains from Equity” In this paper, they state that from 1990 until 2022, the United States lost 51 trillion dollars in economic output due to continuing systemic disparities. I think the study speaks for itself as to what we should do.

Ann Saphi, Racial inequities cost U.S. economy trillions, researchers find, Reuters, September 9, 2021,Racial inequities cost U.S. economy trillions, researchers find.

https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2021-11.pdf

Its not just spending but the debt is what will break our back.

 

[IM2]

Its not just spending but the debt is what will break our back.

True, and we have created that debt by the way the majority population has done things. As you see, the cuent policies being pushed by this administration and the majority party will only make the situation worse. If Democrats regain the majority, they have to end their proclivity to compromise on economic policies that will help the majority of Americans.

 

[pknopp]

True, and we have created that debt by the way the majority population has done things. As you see, the cuent policies being pushed by this administration and the majority party will only make the situation worse. If Democrats regain the majority, they have to end their proclivity to compromise on economic policies that will help the majority of Americans.

They do it (What little they do) on debt also.

 

[konradv]

Been going on for a long time. We can't just keep accumulating trillions in debt year after year and expect no consequences.

A lot of it depends on trust, but the world doesn’t trust Trump,

 

[georgephillip]

It doesn't matter if you cut spending. The problem is not spending.

" Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990. Large and persistent gaps in rates of employment, education, and earnings across races "add up to a smaller economic pie for the nation as a whole" This statement is from a working paper published by members of the San Francisco Federal Reserve about the economic impact of continued inequity. It is titled: “The Economic Gains from Equity” In this paper, they state that from 1990 until 2022, the United States lost 51 trillion dollars in economic output due to continuing systemic disparities. I think the study speaks for itself as to what we should do.

Ann Saphi, Racial inequities cost U.S. economy trillions, researchers find, Reuters, September 9, 2021,Racial inequities cost U.S. economy trillions, researchers find.

https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2021-11.pdf

One possible driver of rising economic inequality that was illegal prior to 1982:

GoogleAI Overview:

"The legalization of stock buybacks in 1982 is frequently cited by economists as a significant driver of rising income and wealth inequality in the United States.

"Research suggests that by prioritizing shareholder payouts over internal investments, buybacks have contributed to the "downsize-and-distribute" model of corporate management.

"Concentration of Wealth: Stock ownership is heavily skewed toward the wealthy, with the top 1% of households owning over 50% of all U.S. equities. Consequently, the $4 trillion in buybacks conducted by S&P 500 firms between 2008 and 2017 primarily enriched this top tier."

 

[22lcidw]

It doesn't matter if you cut spending. The problem is not spending.

" Racial and ethnic inequities have cost the U.S. economy some $51 trillion in lost output since 1990. Large and persistent gaps in rates of employment, education, and earnings across races "add up to a smaller economic pie for the nation as a whole" This statement is from a working paper published by members of the San Francisco Federal Reserve about the economic impact of continued inequity. It is titled: “The Economic Gains from Equity” In this paper, they state that from 1990 until 2022, the United States lost 51 trillion dollars in economic output due to continuing systemic disparities. I think the study speaks for itself as to what we should do.

Ann Saphi, Racial inequities cost U.S. economy trillions, researchers find, Reuters, September 9, 2021,Racial inequities cost U.S. economy trillions, researchers find.

https://www.frbsf.org/economic-research/wp-content/uploads/sites/4/wp2021-11.pdf

Cutting spending makes production look better though.

 

[Nobody911]

The summit between President Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs, Taiwan, Iran and sanctions. But simmering below the surface is another battle between the United States and China: an intensifying currency war.

Concerns about America’s mounting debt load and its aggressive use of sanctions to cut adversaries off from the Western financial system have raised doubts about the safety of the dollar as the world’s reserve currency. Those fears have led to growing demand for gold and increasing numbers of oil transactions using cryptocurrencies or China’s currency, the renminbi. An erosion of the dollar’s dominance would be a problem for the U.S. economy....

How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.

www.nytimes.com

*****************************************************************

Is this any surprise? Trump has declared economic war against the world and the world is responding. The countries of the world are looking at the renminbi, cryptocurrency and the Euro as well, as potential dollar substitutes. China sees US weakness and now is taking advantage of it. The dollar continuing as the world's reserve currency is in serious doubt because of Trump's economic and hot wars. Trump has done more to increase Chinese influence while simultaneously decreasing US standing in the world than any other president before him. The world does not want to be beholden to an increasingly erratic and rogue USA. Trump has offended our allies and foes alike. Elect a fool expect foolish decisions.

View attachment 1255271

The downfall of great civilizations always takes time.

• Way too dramatic — it’s acting like the dollar’s about to bite the dust tomorrow, when in reality that switch would take ages and the dollar’s still got huge advantages.
• Blames one guy for everything — that’s simplistic. Big currency moves happen from lots of factors over many years, not just one president’s tweets.
• Mixes up the alternatives — China’s yuan is still controlled and not super easy to use worldwide; the euro’s got its own headaches; crypto ain’t ready to settle oil trades at scale.

Bottom line: the argument raises real risks worth watching but uses selective evidence, exaggeration, and partisan rhetoric, so it’s not a robust, balanced analysis.

 

[Tumblin Tumbleweed]

I've been saying for a long time now that Trump is making America irrelevant.

It almost feels deliberate.

But I've also been pointing out since 2016 Trump was and is a far left New York Democrat.

So Trump's destruction of America totally tracks.

This idea of him being 'conservative' is manufactured for his base. I've been saying this since day one.

 

[Mashmont]

The summit between President Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs, Taiwan, Iran and sanctions. But simmering below the surface is another battle between the United States and China: an intensifying currency war.

Concerns about America’s mounting debt load and its aggressive use of sanctions to cut adversaries off from the Western financial system have raised doubts about the safety of the dollar as the world’s reserve currency. Those fears have led to growing demand for gold and increasing numbers of oil transactions using cryptocurrencies or China’s currency, the renminbi. An erosion of the dollar’s dominance would be a problem for the U.S. economy....

How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.

www.nytimes.com

*****************************************************************

Is this any surprise? Trump has declared economic war against the world and the world is responding. The countries of the world are looking at the renminbi, cryptocurrency and the Euro as well, as potential dollar substitutes. China sees US weakness and now is taking advantage of it. The dollar continuing as the world's reserve currency is in serious doubt because of Trump's economic and hot wars. Trump has done more to increase Chinese influence while simultaneously decreasing US standing in the world than any other president before him. The world does not want to be beholden to an increasingly erratic and rogue USA. Trump has offended our allies and foes alike. Elect a fool expect foolish decisions.

View attachment 1255271

You are aware China is damn near bankrupt, right?