US dollar dominance fading.

[Papageorgio]

You fogtot to include the rich got most of that and you fogtot that a lot of that is the social security COLA Joe Biden got you?

Wrong! Those that worked for tips, worked overtime and seniors got huge tax relief.

The Working Families Tax Cuts Deliver Biggest Wins for the Working Class - Ways and Means

The Working Families Tax Cuts Lower Taxes for Working-Class Families Who Need It Most The Working Families Tax Cuts Provide...

waysandmeans.house.gov

The more you made the less of a break.

Funny how Democrats couldnt support a bill that lessened the tax burden on slow paid service employees and seniors.

 

[Papageorgio]

No but Trump is taking credit for it.

Listen, you guys have to be insane. No way from when Joe left office, to when Trump tariffed everything, and Iran war now too, no freakin way that wages are keeping up with inflation. That's so straight up fake ass news.

Must be factoring in the rich. They often drive these stats way up. They skew the numbers. Like under Biden

From 2019 to 2022, the median net worth of American families jumped 37% to $192,900, after adjusting for inflation. It’s the largest increase ever recorded by the federal Survey of Consumer Finances, released last fall. Surging home values and rising stock ownership fed the surge.

What Trump and Congress allowed seniors to make more money without taxing them, it helped immensely for those that need added income after retiring, those that want to keep working as they hit their 60’s. It cut income tax rates for the elderly and it disappears the more income you make, making it a progressive tax, something that Democrats used to be for, but orange man bad!

 

[sealybobo]

Wrong! Those that worked for tips, worked overtime and seniors got huge tax relief.

The Working Families Tax Cuts Deliver Biggest Wins for the Working Class - Ways and Means

The Working Families Tax Cuts Lower Taxes for Working-Class Families Who Need It Most The Working Families Tax Cuts Provide...

waysandmeans.house.gov

The more you made the less of a break.

Funny how Democrats couldnt support a bill that lessened the tax burden on slow paid service employees and seniors.

You know what? I'm going to chill out. Trump added $8 trillion in his first term. Roughly the same in Biden's 4 years.

President Donald Trump’s second term spending will be heavily driven by a massive military budget. His fiscal year 2027 budget proposal alone called for $1.5 trillion for the Department of Defense. Overall federal deficits and spending have already added over $2 trillion to the national debt in the first year of his second term.

So we know it's going to be over $10 trillion. Possibly $16 trillion. So what's $1 trillion to the Trump's? Nothing.

 

[Papageorgio]

You know what? I'm going to chill out. Trump added $8 trillion in his first term. Roughly the same in Biden's 4 years.

President Donald Trump’s second term spending will be heavily driven by a massive military budget. His fiscal year 2027 budget proposal alone called for $1.5 trillion for the Department of Defense. Overall federal deficits and spending have already added over $2 trillion to the national debt in the first year of his second term.

So we know it's going to be over $10 trillion. Possibly $16 trillion. So what's $1 trillion to the Trump's? Nothing.

All administrations have added to the debt and the numbers keep growing. Trump is adding more than Biden, Biden added more than Trump who added more than Obama, who added more than Bush, who added more than Clinton, who added more than Bush and it just keeps going, the next President will add more thanTrump, and neither party is interested in stopping it, except when they aren’t in power. In fact you were one of the ones upset when Biden’s $6.4 trillion spending bill failed because of Manchin and Sinema. So spare me you fake outrage.

The BBB, was way too much spending, not enough tax raising, Biden’s spending bills the same and in I have been against all but one spending bill since the 90’s. You, are a lemming, whatever your masters tell you, you follow.

 

[Dragonlady]

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....

https://www.nytimes.com/2026/05/11/business/dollar-dominance-renminbi-china.html

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

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

I await the MAGA Cult's contention that their leadership of the free world has never been stronger, but the warning signs that this was possible started before Trump turned up at Davos to pimp crypto, and demand NATO give him Greenland.

NATO Allies and other nations which had been buying up a lot of US Treasury bonds began quietly dumping them and reducing their holdings of US Debt, as well as search for a new world base currency.

You simply cannot have a criminal in charge of the world's base currency. If the American people are dumb enough to elect a criminal President - TWICE, these are not the people you want to have the keys to the World Bank.

 

[sealybobo]

All administrations have added to the debt and the numbers keep growing. Trump is adding more than Biden, Biden added more than Trump who added more than Obama, who added more than Bush, who added more than Clinton, who added more than Bush and it just keeps going, the next President will add more thanTrump, and neither party is interested in stopping it, except when they aren’t in power. In fact you were one of the ones upset when Biden’s $6.4 trillion spending bill failed because of Manchin and Sinema. So spare me you fake outrage.

The BBB, was way too much spending, not enough tax raising, Biden’s spending bills the same and in I have been against all but one spending bill since the 90’s. You, are a lemming, whatever your masters tell you, you follow.

Exactly so why should I cry about Trump doing it for his own personal gains. I just find it fascinating the number of ways the Trump's are getting rich off this. Remember the Saudi Prince in his first term "invested" $3 billion with Jared Kushner's start up company? Now we have Eric's drone company. The free ballroom and plane. The department of war. The krypto scams. The insider trading. It's all out in the open now. No need to even pretend.

I thought Trump was going to pay down the debt through DOGE? At least give us a balanced budget or something like that. Instead, they cut a bunch of good programs they don't care about and gave themselves tax breaks. And started new wars. Reminds me of Bush.