Jump to content

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


Recommended Posts

Posted
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.

Posted
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.

  • Thumbs Up 1
Posted
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......🤥

  • Sad 1
  • Thumbs Up 1
Posted
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. 

Posted
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

Posted
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!

Posted
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. 

Posted
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?

Posted
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?? 

Posted
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.

Posted
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.

Posted
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.

Posted
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. 

Posted
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.

  • Haha 1
Posted
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.

 

Posted
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.

Posted
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... 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




  • Topics

  • Popular Contributors

  • Latest posts...

    1. 11

      Thailand Live Monday 10 March 2025

    2. 0

      Man Dies After Falling from Mango Tree into Canal in Ayutthaya

    3. 11

      Thailand Live Monday 10 March 2025

    4. 0

      Thai Parliament Speaker Wants Thaksin's Name Dropped from Debate

    5. 11

      Thailand Live Monday 10 March 2025

    6. 84

      How much do you pay your Thai woman per month?

  • Popular in The Pub

×
×
  • Create New...