Is the Dollar doomed?

[bambino]

Not yet, but warning signs are there;

https://x.com/tolasariaa2111/status/...588837310?s=42

[Devo]

For the Dollar to survive, its country must be healthy, and we aren't.

Be prepared.

[onawbtngr546]

The global reserve is going to be Chinese yuan by the end of the decade.


The dollar is going to lose its sway internationally because our current admin is balls deep in american isolationism. Meanwhile, China has been expanding its sphere of influence for the past two decades and they aren't planning on stopping.

[bambino]

Originally Posted by onawbtngr546

The global reserve is going to be Chinese yuan by the end of the decade.


The dollar is going to lose its sway internationally because our current admin is balls deep in american isolationism. Meanwhile, China has been expanding its sphere of influence for the past two decades and they aren't planning on stopping.

There you go, blaming Trump. Your TDS is insufferable. It has nothing to do with Trump. Trump finally addressing the runaway spending, waste and corruption is a good thing. We are the largest debtor nation in the history of the world. Saudi Arabia didn’t renew the Petro Dollar agreement during Biden’s term. They are accepting other currencies for oil. That was certainly a dagger in the Dollars dominance. Countries are losing faith in the fiat currency. It’s backed by nothing but debt. BRICS has grown to 40 Nations. They are selling off US treasuries at record pace and hoarding gold and silver at record paces. Central banks are too. It was classified as a Tier 1 asset last year. Trump is doing the same thing. Planes have been flying gold back to the US everyday.

Trump keeps saying the US is entering the golden era. Is he giving us a hint? Is he ditching the fiat dollar and going back to a gold backed currency? He has also said we are in for a brief, bumpy ride. I think he’s referring to transitioning to the gold standard and dumping the dollar as we know it.

[nomad1000!]

Trumps a buffoon, if there’s a scam he and Elon can pull, they will.

Whatever enriches he and his buddies will be the road he takes, the shear in efficiencies/ havoc and the BS about true savings in just 6 weeks time is incredible.

Is it trumps/elons fault for the cliff the economy is all of a sudden showing? 100 percent it is as any real business hasn’t a clue where these two idiots are going. It does take proper planning to re-set a business or the govt.

I’m all for smaller govt, I’m all for other countries paying their fair share, I’m all for bringing “fair trade” into balance for the betterment of USA, I’m all for deporting illegal aliens though for them to come legally thru legal system. I’m all for tougher sentences on drugs and violence and savings? I’d build a damn tent city down by the boarder to house them, no TV, food to exist on and beds to sleep on…again that’s me. I’ve stated my beliefs on transgenders and parents getting minors to change, taxpayers shouldn’t pay for it, no child under 18 should be allowed to until mature enough to realize what this actually means. All this stuff I agree w Trump as I despise the woke/entitled crowd demanding special rights for criminals and immigrants above the rights of everyone else.

All that said, these two are dangerous in every which way to economy, to the dollar, Putin love much like Hitler had Mussolini love, dictators can’t help themselves.

Jmho

[winn dixie]

Yes the dollar is doomed with this current administration.
Inflation rising prices rising

[Unique_Carpenter]

Originally Posted by bambino

Not yet, but warning signs are there;

Debt, debt, debt, debt, debt, .....

[bambino]

Originally Posted by Unique_Carpenter

Debt, debt, debt, debt, debt, .....

Yes. We got there via the fiat currency. Just keep printing and spending into oblivion.

[winn dixie]

Originally Posted by bambino

Yes. We got there via the fiat currency. Just keep printing and spending into oblivion.

You do realize how many trillions trumpf added to the debt? Right?
Trumpf will basically make the dollar worthless with his actions

[nomad1000!]

Receipts are the issue, maybe someone should hand Trump a calculator w what savings can be had gutting govt and whatever else he and his greedy honcho musk have planned vs the cost to lower taxes for the RICH and CORPORATIONS again so they can once again pay each other big bonuses and buyback billions of shares again. The corporate socialism (why invent, why take any risk or spend money when you’re guaranteed record profits and cashflows given away by Trump). It’s pretty simple math except for idiots who stick their head in the sand and believe everything they’re told.

Sure spendings too high and needs cut but far more needed is to put together a fair tax structure and end the socialism for the wealthy, do they truly need free money handed over once again?

Btw, I am a moderate republican but will say most of the deficit has come from republicans slashing receipts at rates that are absurd. It’s not the responsibility for the middle class and down to enrich the wealthy by handouts.

God I’m hoping one day there will be an actual mixed ticket

[bambino]

Originally Posted by winn dixie

You do realize how many trillions trumpf added to the debt? Right?
Trumpf will basically make the dollar worthless with his actions

You do realize there was this thing called Covid during Trumps Presidency. Trillions were spent to keep people afloat. You’re a special kinda a troll to pin 35 trillion in debt to Trump only. But keep trying. It’s what you do.

[winn dixie]

Originally Posted by bambino

You do realize there was this thing called Covid during Trumps Presidency. Trillions were spent to keep people afloat. You’re a special kinda a troll to pin 35 trillion in debt to Trump only. But keep trying. It’s what you do.

Where did I pin all of it on trumpf? Where? And a lot of bidens debt was due to covid as well.
What's yourn point bam? That only non maga add to the debt?
Trumpfs policies will further weaken the dollar.

[HDGristle]

All the bad numbers are Biden numbers, not Trump numbers.
Trump never added to the debt or negatively impacted the dollar

[bambino]

Originally Posted by HDGristle

All the bad numbers are Biden numbers, not Trump numbers.
Trump never added to the debt or negatively impacted the dollar

Who said that Wrong Side Gristle?

[HDGristle]

Lutnick