Is the Dollar safe?

[Serenity_Now]

 

We can see what happened to those relying on sterling afte BREXIT ouch

So what about the dollar is it time to turn our dollars into a safer currency as soon as it hits our banks?

[KhunLA]

Sterling & USD are 2 different scenarios.   EU depending on UK's financial contribution, and needed to give the UK a good spanking so no other countries tried to repeat.

 

The USA would benefit from not contributing to the world, as the world's police force and start manufacturing from within again.   USA doesn't need the world, as can feed and energize itself, unlike the UK that depends on imports.

 

USD is very safe, and in a state of isolation, the exchange rate would be irrelevant.

[Serenity_Now]

I believe it was George SOROS who manipulated that market no EU
He made $1BILLION  out of sterling it was widely reported

ITS always USA billionaires who manipulate the market because they can most have wealth far surpassing the GDP of many smaller nations.

USA is not safe, if Mexicos economy fails you have that on your doorstep
Mexico should have been USA's buffer zone between Central and South

Its really not about manufacturing thats such a simple perspective much like a current President.
You already manufacture GMC and Ford yet they are riddled with faults who would buy that

Dont be deluded in thinking USAdoes not need the world 
JEEZ you gotta be kidding
where does all the cash come from THE WORLD
CORPORATE AMERICA 
you take that cash out of the equation  then come back with a solid arguement
Aready  USA lost $2 billion in Canada and thats a contagion that is ging to be repeated globally if USA keeps up this 
The USA made itself the worlds police
A kind of ineffective one that only ran with its own intrests
 

[Jim Blue]

The euro was a mess and Soros took advantage. I thought that was the way it was supposed to work? Except Russia and China of course  .

[Serenity_Now]

soros made his cash of sterling 
the uk has never had the euro

once it opted out of  EU with brexit it threw away a huge trade market it was dependant on
it also meant it had to draft new trade deals globally as it could no longer trade under the EU umberella 
and its USA trade deal is still not complete great friends great allies such a special special relationship.

Might be a good time to make a Japanese Yen wallet in wise
Warren Buffet is putting all his dollars into YEN  At this time when its low
 

[topt]

10 hours ago, Serenity_Now said:

I believe it was George SOROS who manipulated that market no EU
He made $1BILLION  out of sterling it was widely reported

Wrong event. He made big money on a Black Friday event in the 90s.......that was where he really came to prominence.

https://www.independent.co.uk/news/uk/home-news/brexit-latest-george-soros-wins-big-prediction-black-friday-a7102481.html

 

Yes he made money out of Brexit but with specific bets and investing in gold apparently......

in above article and here -

https://www.forbes.com/sites/antoinegara/2016/06/28/how-billionaire-george-soros-profited-from-brexits-black-friday/

[ronnie50]

10 hours ago, KhunLA said:

The USA would benefit from not contributing to the world, as the world's police force and start manufacturing from within again.  

USD is very safe, and in a state of isolation, the exchange rate would be irrelevant.

Not so sure about that. If the scenario of US isolation grows, and imports drop, why wouldn't demand for the USD drop as well (and thus the currency decline in value)? Would a cheaper dollar be good or bad for the US? Depends on a variety of things I guess..

[Jim Blue]

10 hours ago, Serenity_Now said:

soros made his cash of sterling 
the uk has never had the euro

Yes your right it was sterling ,which he knew would have to devalue  due to some EU  policy rules.

Not exactly John Majors finest hour!
 

 

[Cameroni]

10 hours ago, Serenity_Now said:

I believe it was George SOROS who manipulated that market no EU
He made $1BILLION  out of sterling it was widely reported

ITS always USA billionaires who manipulate the market because they can most have wealth far surpassing the GDP of many smaller nations.

USA is not safe, if Mexicos economy fails you have that on your doorstep
Mexico should have been USA's buffer zone between Central and South

Its really not about manufacturing thats such a simple perspective much like a current President.
You already manufacture GMC and Ford yet they are riddled with faults who would buy that

Dont be deluded in thinking USAdoes not need the world 
JEEZ you gotta be kidding
where does all the cash come from THE WORLD
CORPORATE AMERICA 
you take that cash out of the equation  then come back with a solid arguement
Aready  USA lost $2 billion in Canada and thats a contagion that is ging to be repeated globally if USA keeps up this 
The USA made itself the worlds police
A kind of ineffective one that only ran with its own intrests
 

 

Soros bet against the British Pound was WAY before Brexit.

 

The Dollar is exceptionally safe. It cannot be compared to the Pound which has lost all the importance it once had.  Not so the US Dollar which is  THE reference currency in Forex, THE reserve currency, THE currency in which some of the most important energy deals are made.

 

The recent loss of value of the Dollar followed on the heels of a massive increase in value. The Dollar is very very sound and safe.

[Serenity_Now]

22 minutes ago, topt said:

Wrong event. He made big money on a Black Friday event in the 90s.......that was where he really came to prominence.

Yes, your right it was the 90's but it was a black Wednesday
and the Black Friday was BREXIT, where he made 100 mil betting against duetchebank as well.



 

[Celsius]

My dollar is safe. I keep it in my pants.

[still kicking]

11 minutes ago, Celsius said:

My dollar is safe. I keep it in my pants.

Do you use US dollars in Canada?

[spidermike007]

No. Trump has been incredibly careless, his policies are very misguided, his arrogance knows no bounds, and it's very possible that he will run the US economy into the ground. The US is becoming less relevant by the day, and though that has been happening for a long time, he is a major architect of the further demise. 

 

Contrary to the reasoning of many Trump supporters this is not a negotiating tactic, this is absolute insanity, and friends and allies around the world are reacting with both horror and defiance. The defiance will simply build and the US will come become increasingly more isolated, which they richly deserve due to the fact that they elected this absolutely reckless goombah.

 

This is a wet dream for China. My guess is that the top dogs in China are busting open bottles of 1982 Lafite, celebrating Trump's mistakes, and America's demise. Talk about low intelligence goons playing right into their hands .

 

 

[TedG]

8 hours ago, spidermike007 said:

No. Trump has been incredibly careless, his policies are very misguided, his arrogance knows no bounds, and it's very possible that he will run the US economy into the ground. The US is becoming less relevant by the day, and though that has been happening for a long time, he is a major architect of the further demise. 

 

Contrary to the reasoning of many Trump supporters this is not a negotiating tactic, this is absolute insanity, and friends and allies around the world are reacting with both horror and defiance. The defiance will simply build and the US will come become increasingly more isolated, which they richly deserve due to the fact that they elected this absolutely reckless goombah.

 

This is a wet dream for China. My guess is that the top dogs in China are busting open bottles of 1982 Lafite, celebrating Trump's mistakes, and America's demise. Talk about low intelligence goons playing right into their hands .

 

 

 

The most significant threat to the dollar is the sheer size of the national debt.  

 

 

 

 

[jas007]

21 hours ago, Serenity_Now said:

 

We can see what happened to those relying on sterling afte BREXIT ouch

So what about the dollar is it time to turn our dollars into a safer currency as soon as it hits our banks?

The US dollar isn't going anywhere anytime soon, but, what value will it have, going forward?  I'm sure that most people reading this have seen the value of the dollar pretty much destroyed during their lifetimes. And, that trend will likely continue. Nothing goes in a straight line and there will be fluctuations along the way, but my advice is to not save up too many US dollars in an effort to get rich. That would be an exercise in futility.  

 

What to do? Diversify. Have some dollars to "buy the dip" when the stock market tanks. Maybe buy some gold and hold it yourself. Maybe buy some silver. Once the real estate market crashes (which is only a matter of time), certain real estate might be a good investment. 

 

As for changing dollars into other currencies?  All around the world, central banks are dealing with debt problems and would like to lower interest rates to spur economic development.  The USA doesn't have a monopoly in that regard.  I think I saw a story just yesterday about Thailand and its desire to lower rates. They aren't the only country playing that game. 

 

The impact of Trump's economic agenda remains to be seen.  No country ever got rich trying to borrow their way to prosperity.  Maybe the USA will become more of a producer and less of a consumer of junk made elsewhere in the world. 

 

As for BRICS and the alternate monetary system they're trying to set up?  Whatever happens, that system won't be a threat to the US dollar anytime soon. Trillions of dollars change hands around the world on a daily basis.  The only place that can currently happen: The USA. Wall Street.  

 

Perhaps years from now things will be different.  For now, do the best with what you have. 

[Serenity_Now]

a quick breakdown

3 trillion on export
3.8 trillion on import 
these figures are not just derived by goods but services also 

so donnys trying to make that gap go away
BUT I imagine this year that disparity will grow and not in a way he wants
DEBT ASIDES
Amazon made approx500 billion  not sure net gross
Facebook made approx 150 billon in advertising revenue
Apple net sales 400 billion
microsoft revenue 250 billion
global box office 40 billion
walmart 600 billion
google 350 billion

those companies alone 2 trillion plus

Car imports are 250 billion about half of the auto market bought imports
The other half are rednecks driving GMC trucks in their camos

A nation that relies so heavily on consumerism where cost of living is high are often hit hardest during downturn.
If there is an backlash against USA goods and services again the import export gap broadens

You would need to be sttupid to buy a Tesla its nowa target for vandalism we have not heard any road rage stories yet maybe they will come.

THE USA contributes greatly to global tourism markets so if Americans have less money knock on effect
though domestic backlash in USA is still to occur the latst 25% tariff on cars has angered many who just will not buy made in USA defective cars, we call this discerning buyers educated people who are not driven by nationalist sentiment. Like your average Jan 6th rioter.

the bigger you are the further to fall
and us atm is certainly falling from grace
the last time i saw anything like this i was watching the three stooges.

 

its just very very unhealthy most certainly toxic

puny humans to qoute the green guy pathetic to the end
we all are because this happens in our lifetime.

the dollar is a bully currency everytime it gets threatened usa reacts
euro
brics
bullies usually get their comeupance sooner r later 
 

[spidermike007]

2 hours ago, TedG said:

 

The most significant threat to the dollar is the sheer size of the national debt.  

 

 

 

 

I disagree I think the greatest risk to the US dollar right now is a man named Donald Trump, and his hugely ignorant policies. 

[Walker88]

2 hours ago, spidermike007 said:

I disagree I think the greatest risk to the US dollar right now is a man named Donald Trump, and his hugely ignorant policies. 

I think both are you are right.

 

The debt is not as much of a problem as its nominal number suggests, as US debt to GDP is less than most Euro nations (except Netherlands) and much below Japan. Provided the debt doesn't grow too quickly, and it gets 'serviced', the debt bomb need not explode for a while.

 

That being said, the current POTUS may well bring about the dollar's demise by his idiocy. DOGE is not bringing spending down much at all. Even its modest claims of 'savings' are proving to be false. Nothing DOGE has done or can do will be anything compared to the damage to the deficit the proposed tax cuts will do. Also, as was seen clearly in his first term, that ta cut not only did not 'trickle down', it did nothing for the economy. Growth under 45 was in the bottom 30% of all Quarters since the end of WWII even before he mishandled Covid. National Debt rose considerably more than US GDP, so even the modest growth was just debt fueled.

 

Now the President is alienating allies. That is a major threat to the dollar, since foreigners still fund 30% of the US deficit. Since his election, about half a trillion dollars of foreign-held debt has been sold. That isn't much, but it may portend a trend, a trend exacerbated by POTUS' policies and alienation of allies. Also, let's not forget POTUS once said live on CNBC he would consider defaulting on foreign-owned debt. People now know that when he says silly things, he eventually does them.

 

If foreigners go on a buyers' strike, or sell USTs they now hold en masse, US rates rise. That will slow growth and hurt the stock market, which would keep foreign money out of the US equity market. If the Fed tries to compensate by printing money and buying up USTs, then all those new USDs are hardly collectors items. The dollar will tumble.

 

The BRICS are not only growing in number, they are moving away from the dollar. China could kill the dollar if it decided to make capital flow into and out of the yuan easier. Yes, it would take time for outsiders to build trust in the CCP, but China could take the long term approach and become more capital friendly.

 

The one thing all can bet on is that if there is a good way to handle trade and economics and a bad way to do it, this President will choose the worst way. He did that as a businessman, relying on his daddy and puffery until saved by Mark Burnett and his Game Show. Absent that, POTUS is the epitome of that old joke:

 

How do you make a small fortune?

 

Answer: Start with a large one. (for POTUS, that was daddy)

[Delight]

 It is possible that trump will remove the tariffs in exchange for something.

The  possible  something  is for all the affective countries to exchange their dollar  supplies for their own currencies ..Doing this over a short time period.

This could cause the dollar to depreciate by maybe 15%. This is what Trump wants.

i

[Cameroni]

31 minutes ago, Walker88 said:

That being said, the current POTUS may well bring about the dollar's demise by his idiocy.

 

Doesn't look like the Dollar Index is having a melt down because of Trump, looks like same old same old really:

 

[Yagoda]

The only folks who think the dollar is in trouble or will be replaced are America haters.

[Woke to Sounds]

No safer currency than the US dollar.

 

Never bet against the USA.

 

You got Canadian pesos or Aussie satangs, tough luck for you.

[Walker88]

59 minutes ago, Cameroni said:

 

Doesn't look like the Dollar Index is having a melt down because of Trump, looks like same old same old really:

 

Patience, grasshopper.

 

The dollar index is down from under Biden, but it's still early in the game.

[Walker88]

57 minutes ago, Yagoda said:

The only folks who think the dollar is in trouble or will be replaced are America haters.

Silly.

 

Those who fear a dollar collapse are those not members of the MAGA cult and those who know that if anyone can destroy the dollar, it's Mr Six Bankruptcies and the guy who needed daddy to co-sign all his loans and leave him a half trillion inheritance to burn.

 

The debt has always been a concern, but I felt that so long as existing debt was serviced and a decent Fed governor had authority to fine tune, the dollar might survive another few decades. I no longer have that confidence. Alienating the folks who fund 30% of the US deficit and having obvious amateurs at the helm----plus POTUS's desire to have authority over the Fed---made me move into alternate currencies as a hedge. So far, that has paid off.

 

I'll adjust if POTUS shows any degree of competence, but so far competence requires a visa he does not have and is unlikely to get.

[Screaming]

On 3/27/2025 at 9:38 AM, Serenity_Now said:

 

We can see what happened to those relying on sterling afte BREXIT ouch

So what about the dollar is it time to turn our dollars into a safer currency as soon as it hits our banks?

Maybe you should turn your U.S dollars into Thai BAHT. That way your saving will be much safer.

[Screaming]

4 hours ago, spidermike007 said:

I disagree I think the greatest risk to the US dollar right now is a man named Donald Trump, and his hugely ignorant policies. 

Maybe while on your visit to the U.S. you can turn your remaining U.S. dollars into Thai BAHT. That way you not have to worry about Trump and his policies.

[harryviking]

With Trump and his goonies running wild in the US alienating all former friends and allies, the Dollar is going to fade and go away as the worlds reserve currency.  As new trade routes and alliances are formed due to Trumps insane policies, America will be circumvented and be sooner or later totally isolated. Then who and why would anyone use the Dollar anymore? Trump is feeding his enemies with all they need to beat him!

[Presnock]

On 3/27/2025 at 10:04 PM, spidermike007 said:

No. Trump has been incredibly careless, his policies are very misguided, his arrogance knows no bounds, and it's very possible that he will run the US economy into the ground. The US is becoming less relevant by the day, and though that has been happening for a long time, he is a major architect of the further demise. 

 

Contrary to the reasoning of many Trump supporters this is not a negotiating tactic, this is absolute insanity, and friends and allies around the world are reacting with both horror and defiance. The defiance will simply build and the US will come become increasingly more isolated, which they richly deserve due to the fact that they elected this absolutely reckless goombah.

 

This is a wet dream for China. My guess is that the top dogs in China are busting open bottles of 1982 Lafite, celebrating Trump's mistakes, and America's demise. Talk about low intelligence goons playing right into their hands .

 

 

Totally agree with your comments.  It appears to me that this is the goal of Trump but for what sane reason I have no idea.  I just saw a video on Youtube that Brics just came out with an announcement of their plan.  The supposedly bought over 600  tons of gold and are now idicating total BRICS operations.  Trump in response put a USD $100K tariff on any country adhering to the BRICS program with outlawing any of them from US activity/agreements.  IMHO guess things are going to get a bit darker before the dust does settle with this IDIOT at the helm along with his amateur advisors as department heads.  SCARY for this OLD retiree.

[newbee2022]

On 3/27/2025 at 9:38 AM, Serenity_Now said:

 

We can see what happened to those relying on sterling afte BREXIT ouch

So what about the dollar is it time to turn our dollars into a safer currency as soon as it hits our banks?

Could happen if Trump is continuing his erratics. 

But as long international contracts are based on USD you don't need to be afraid.

However,......

[WDSmart]

I certainly HOPE the US dollar is "safe." I depend on it. However, with Trump as president, I do worry about this. 😞