U.S. Dollar based expats beware -- Trump goal is to weaken the dollar

[Harrisfan]

Just now, JAG said:

I know that most of your posts could be described as an " area weapon" but you are so far off target it defies description!

As I said, "extraordinary"!

Not really. Inflation has a big impact on currency. The topic is about currency.

[cjinchiangrai]

4 minutes ago, JAG said:

I think that the favourite American phrase is "collateral damage".

In Trumps case it is planned destruction, just like he wants to cut ACA and Medicare so older peopled die and not collect Social Security.

[transam]

1 hour ago, Yagoda said:

No, its just fear mongering from the person who holds the records for the most lies, hate and invective on this Forum.

A Trumper speaks...............🙄

Again, total nonsense and lying......🤥

[transam]

28 minutes ago, dutch boy said:

And why do you care or are you trying to incite more hatred for Trump?

Trump doesn't need more hatred, Trump creates it himself, daily........

[Jingthing]

1 hour ago, impulse said:

Gosh.  Last week, the lefties claimed Trump was going to cancel Social Security for expats.

 

Do they ever get it right?

 

Nothing to do with left or right ot social security. 

[Jingthing]

2 hours ago, 1FinickyOne said:

This is kind of old news - I heard this a couple of months ago - I don't worry too much about it. How many things that he wants is he successful at? And there is nothing I can do anyway... 

No way of knowing but in fairness that stock guru guy has specific suggestions for investments that would work if it does happen

[JAG]

1 hour ago, Harrisfan said:

Not really. Inflation has a big impact on currency. The topic is about currency.

And if you had read my post, before you had started bellowing like some outraged mastadon (magadon?) you would have seen that I was neither commenting on inflation nor currency, rather remarking on the suggestion that the original poster is the "person who holds the records for the most lies, hate and invective on this Forum".

 

As so often you have totally missed the point!

[Harrisfan]

Just now, JAG said:

And if you had read my post, before you had started bellowing like some outraged mastadon (magadon?) you would have seen that I was neither commenting on inflation nor currency, rather remarking on the comment that the original poster is the "person who holds the records for the most lies, hate and invective on this Forum".

 

As so often you have totally missed the point!

No Jing does. 

[Harrisfan]

1 hour ago, Jingthing said:

No way of knowing but in fairness that stock guru guy has specific suggestions for investments that would work if it does happen

Why is he a guru?

[Harrisfan]

Different guru predicted a crash in 2017

 

https://www.cnbc.com/2017/02/06/were-going-to-have-a-dollar-collapse-like-the-1980s-analyst-says.html

[Harrisfan]

Chart goes back to 1973. Only at moderate levels now. I don't see much downside in it. In the early 80s was much higher

 

https://www.statista.com/statistics/1404145/us-dollar-index-historical-chart/

[1FinickyOne]

1 hour ago, Jingthing said:

No way of knowing but in fairness that stock guru guy has specific suggestions for investments that would work if it does happen

And I would guess that he has a 50% chance of being right on the money... what stock guru guy? 

 

ok, i see there is some discussion of a stock guru guy above?? 

[Jingthing]

17 minutes ago, 1FinickyOne said:

And I would guess that he has a 50% chance of being right on the money... what stock guru guy? 

 

ok, i see there is some discussion of a stock guru guy above?? 

The posted video.

As I said I've found his stock advice brilliant in the past.

In this case the picks are based on the dramatilc extreme scenario happening which is impossible to predict yet.

I suppose some people would want to put a portion of their assets in such investments as a hedge. Up to you. We're all big boys and girls here.

[BigBrian]

6 hours ago, Jingthing said:

Trump wants a weaker US dollar -

 

Trump doesn't have some grand plan to weaken the dollar.  All he cares about is screwing over as many people that hates as possible.  And unfortunately for us expats, he hates us.  He sees us as traitors for living abroad.  Instead of dollar weakening , I'm much more worried about things like him ending social security payments for expats.

[Jingthing]

18 minutes ago, BigBrian said:

 

Trump doesn't have some grand plan to weaken the dollar.  All he cares about is screwing over as many people that hates as possible.  And unfortunately for us expats, he hates us.  He sees us as traitors for living abroad.  Instead of dollar weakening , I'm much more worried about things like him ending social security payments for expats.

Personally I think a weak dollar is much more likely than ending SS for people with active claims.

[jas007]

6 hours ago, Jingthing said:

I'll start this out with this link, but I have recently seen the same news in multiple credible sources so I believe it.

Obviously this could have a major negative impact on dollar based expats as well as many businesses globally (where the impacts might be good or bad depending).

It seems the only question is whether Trump succeeds in his dollar weakening goal and by how much.

Please feel welcome to post additional news stories related to this topic and of course to discuss it.

The intent here really isn't whether a weaker dollar is good or bad for the U.S. economy or eveb if Trump is right or wrong in wanting it.

That's academic.

This is an expat forum so the main focus should be impact on expats.

 

 

Trump wants a weaker US dollar - here's why | Fox Business

www.foxbusiness.com/economy/trump-weaker-us-dollar

 

Mods edit: I have removed a video that has nothing to do with this topic

I don't think Trump needs any kind of "Plan" to weaken the dollar.  That seems to be happening as usual, as part of the economic cycle.  But these aren't usual times, and everything is politicized. The Fed has already said that they will never allow a bond market collapse, They will buy it all, if necessary, to keep things going.  So there's a backstop.  And with so many countries around the world now seeking the safe haven dollar, there's  likely to be a strong dollar, going forward, for at least a few years.  Another factor is the Bitcoin Reserve.  And also, the agreement Trump will make with Putin.  In short, look for a stable dollar, at least, if not a stronger dollar, despite Trump's plans. 

[Jingthing]

1 hour ago, jas007 said:

I don't think Trump needs any kind of "Plan" to weaken the dollar.  That seems to be happening as usual, as part of the economic cycle.  But these aren't usual times, and everything is politicized. The Fed has already said that they will never allow a bond market collapse, They will buy it all, if necessary, to keep things going.  So there's a backstop.  And with so many countries around the world now seeking the safe haven dollar, there's  likely to be a strong dollar, going forward, for at least a few years.  Another factor is the Bitcoin Reserve.  And also, the agreement Trump will make with Putin.  In short, look for a stable dollar, at least, if not a stronger dollar, despite Trump's plans. 

You seem so totally sure of yourself yet I remain completely unconvinced. Also there is modest weakening like 10 or 15 percent and horrific weakening like 50 percent plus coupled with a historic stock market crash. I'm making no predictions and I think anyone who says they know what's going to happen is not to be taken seriously.

[jas007]

16 hours ago, Jingthing said:

You seem so totally sure of yourself yet I remain completely unconvinced. Also there is modest weakening like 10 or 15 percent and horrific weakening like 50 percent plus coupled with a historic stock market crash. I'm making no predictions and I think anyone who says they know what's going to happen is not to be taken seriously.

I don't know for sure.  No one does.  But I have my suspicions.  In any event, from here and for now, I'm just a detached observer. I can see what's happening, and baring a global thermonuclear war, I'm nothing more than an observer. That gives me a lot of power and insight.  I don't have to crate to anyone's agenda, and it gives me clarity.  If I'm wrong, I'll come back here and  admit it.  It' all very flexible.

 

[jvs]

16 hours ago, Jingthing said:

You seem so totally sure of yourself yet I remain completely unconvinced. Also there is modest weakening like 10 or 15 percent and horrific weakening like 50 percent plus coupled with a historic stock market crash. I'm making no predictions and I think anyone who says they know what's going to happen is not to be taken seriously.

The thing is if the dollar tanks a lot in principle it will make the expats who receive a pension in dollars basiccaly

forced to leave.

Only people like Bob who have millions in bitcoin will be able to stay.

Until that bottom drops out.

[1FinickyOne]

22 hours ago, Jingthing said:

No way of knowing but in fairness that stock guru guy has specific suggestions for investments that would work if it does happen

Watched the video and did not find it anything special or un-talked about by others - - I am not a big fan of gurus - Dr. Doom predicted crashes every day and then would get big praise once every 12 years... at least your guy seems thoughtful and doesn't sound too excitable... 

[Cryingdick]

Most Americans live in America and vacation there so a weak dollar benefits most Americans. 

[EVENKEEL]

Just changed USD in Patts. 33.47 baht. Not good, not bad.

[topt]

5 hours ago, Cryingdick said:

Most Americans live in America and vacation there so a weak dollar benefits most Americans. 

Apart from all the consumer products imported from mainly China.......which will become more expensive ...........

Simplistic I know but so was your comment.

[KhunLA]

Trump goal is to weaken the dollar ... 

 

 

[Cryingdick]

On 3/13/2025 at 1:20 AM, topt said:

Apart from all the consumer products imported from mainly China.......which will become more expensive ...........

Simplistic I know but so was your comment.

Yeah I guess if you are a company like Apple you want the dollar to be really strong, even you can't be that stupid?

[SiSePuede419]

On 3/8/2025 at 9:26 AM, Jingthing said:

I'm not saying and he's not saying either that this massive blow up WILL happen. But it would be silly to be sure that it won't happen. 

Secret meetings?  C'mon.  Rich people don't have secret meetings.  They have meetings all the time.

 

Quite frankly,seems to be a weak case that inflation caused by dollar devaluation will benefit him personally since he doesn't actually own his own properties (Russian money), so not sure the benefits to Donnie, and yes everything is about Donnie to Donnie....

 

Is there any possible way trump can devalue the dollar to benefit himself

 

Yes, theoretically, a U.S. president like Donald Trump could pursue policies that lead to a devaluation of the U.S. dollar, which might indirectly benefit himself or his businesses—but doing so directly and intentionally for personal gain would raise massive legal and ethical issues, including potential violations of laws against self-dealing and corruption.

 

1. Pressure on the Federal Reserve:

While the Fed is independent, a president could publicly pressure it to lower interest rates or resume money-printing (quantitative easing), which generally weakens the dollar.

 

2. Trade Policy / Tariffs:

A president could enact aggressive tariffs or withdraw from trade agreements, spooking markets and leading to a weaker dollar due to reduced investor confidence.

 

3. Debt Expansion / Deficit Spending:

Massive increases in government spending without matching revenue can increase national debt, potentially weakening the dollar over time.

 

4. Currency Intervention:

The U.S. Treasury could theoretically intervene directly in currency markets, although that’s extremely rare for the U.S.

 

 

How Devaluation Might Benefit Trump

1. Foreign Assets or Revenue:

If Trump (or his companies) have significant foreign revenue or assets, a weaker dollar would make those assets more valuable in dollar terms.

 

2. Debt Repayment:

If his businesses hold large amounts of dollar-denominated debt, inflation (often a side-effect of devaluation) could make it cheaper to repay that debt over time.

 

3. Real Estate Appreciation:

Real estate (especially if it attracts foreign buyers) might increase in value if the dollar weakens, since foreign investors can buy more with their currency.

 

 

[KhunLA]

OP's weakening scare mongering seems to be incorrect ...

... as usual 

 

My Soc Sec DD since Jan 21st, exchange rate up, up, & up

 

Latest forecast, due to President Trump's tariff policy ... 

Try to get some sleep ... while I think of ways to spend a couple extra 1000 baht when it hits 34.5 & beyond every month.

 

Thank You President Trump 

[jas007]

45 minutes ago, KhunLA said:

OP's weakening scare mongering seems to be incorrect ...

... as usual 

 

My Soc Sec DD since Jan 21st, exchange rate up, up, & up

 

Latest forecast, due to President Trump's tariff policy ... 

Try to get some sleep ... while I think of ways to spend a couple extra 1000 baht when it hits 34.5 & beyond every month.

 

Thank You President Trump 

 As usual, the central banks around the world are pretty much all playing the same game.  Lower and lower interest rates and weaker currencies.  But they all can't win.  It's a so-called "race tot the bottom."  

 

Which currency has the most staying power? What would replace the dollar and it''s reserve currency status, over the short term?  It can't be nothing, and there are lots of reasons why the dollar will win out, at lest over the short to intermediate term.  

 

So the dollar may decrease in value in the USA, but in Thailand, maybe not so much. 

[KhunLA]

7 minutes ago, jas007 said:

So the dollar may decrease in value in the USA, but in Thailand, maybe not so much. 

Only decreases in the USA, with the increase of inflation, and when pay raises don't keep pace.

 

Along with the Fed manipulating interest and banking, to keep people at the lowest income, buying power as possible, to maintain control over them.

 

Independence and free thinking is frowned upon, and simply not allowed.

 

That's what the pandemic 'lock downs' were all about, the middle class was getting too wealthy, and simply not allowed ... IMHO

 

Add the RE & RE Taxes skyrocketing, and you now have total control of the sheeple ... IMHO

[jas007]

2 hours ago, KhunLA said:

Only decreases in the USA, with the increase of inflation, and when pay raises don't keep pace.

 

Along with the Fed manipulating interest and banking, to keep people at the lowest income, buying power as possible, to maintain control over them.

 

Independence and free thinking is frowned upon, and simply not allowed.

 

That's what the pandemic 'lock downs' were all about, the middle class was getting too wealthy, and simply not allowed ... IMHO

 

Add the RE & RE Taxes skyrocketing, and you now have total control of the sheeple ... IMHO

They say the real estate meltdown is just now getting under way, especially in some of the overpriced areas.  RE taxes are going up, along with homeowner's insurance and maintenance costs.  It all adds up to a bad situation.

 

For some reason, I still get an email copy of a property tax bill for a property I sold almost six years ago.  Taxes up more than 100% in that short time, and I'm sure the insurance is up as well. I wouldn't want that house if you gave it to me.  Too much trouble.  It's no wonder RE buyers are having second thoughts. 

 

Anyway, it should be interesting to see what happens.  I'm pretty sure the powers that be won't let the entire economy collapse.  Too many people have too much to lose.