Is the Dollar safe?

jas007 · March 29

49 minutes ago, harryviking said:

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!

That may well happen, eventually. But it's not going g to happen today, tomorrow, or next year, or even within the next decade. It's not going to turn on a dime.

In any event, where is it written that it's necessary for the USA to have the world's "reserve currency"? That's the source of the much of the USA's current wealth, but the privilege has been abused for decades and that can mean trouble. Papering over the debt problem with more paper debt is not the answer. But that's what has been happening for decades, and that's what passes for a solution in the minds of many economists. "Trump is crazy." "Trump is an amateur." "Trump doesn't know what he's doing." Just read through this forum and that's what many people seem to think. Get rid of Trump and everything will be OK. Only in fantasyland. In reality, the debt market could collapse at any time. Or can the Fed continue to keep it under control?

No one here would want to find out what happens which the "everything bubble" collapses.

I think Trump would like to bring manufacturing back to America. Return well paying jobs to America and turn the country into a country that actually produces things. Once upon a time, that used to be the case, right? Why is it not that way now? Simple. The Globalists wanted a New World Order, the billionaires wanted to line their pockets with even more money, and they saw an opportunity to rob the middle class by the exploiting cheap labor available outside America. And they got away with it. Nixon opened the door to China and the rest is history. Unfortunately, all of the value that used to reside in the middle class is now debt and the debt market is unable to handle much more. Business as usual is no longer an option.

And yet I don't hear a thing from the Lefties about how to fix the problem. They would have everyone believe that the only problem is Donald J. Trump. The Lefties don't say much else because they have no solution. It's truly crazy.

Colabamumbai · March 29

Buy gold half or one ounce bars 96 % pure. Value increases, redeemable quickly. Good as cash.

Presnock · March 29

1 hour ago, WDSmart said:

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

ัyou and me and I believe every US for sure retiree here and probably a lot from other countries. If ELON and his boys continue striking at Social Security, some of those old folks are former military vets too and just won't idly sit by watching their and their families lives destroyed by these rich idiots at the helms of different offices. IMHO anyway.

Presnock · March 29

23 hours ago, Walker88 said:

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)

Well written and agree he has no way to improve the economy as he is a total idiot when it comes to that - he has shown so by failing at many different endeavers! He is a threat to our world for sure IMHO. SCARY for this old retiree living on a government pension.

Presnock · March 29

1 hour ago, jas007 said:

That may well happen, eventually. But it's not going g to happen today, tomorrow, or next year, or even within the next decade. It's not going to turn on a dime.

In any event, where is it written that it's necessary for the USA to have the world's "reserve currency"? That's the source of the much of the USA's current wealth, but the privilege has been abused for decades and that can mean trouble. Papering over the debt problem with more paper debt is not the answer. But that's what has been happening for decades, and that's what passes for a solution in the minds of many economists. "Trump is crazy." "Trump is an amateur." "Trump doesn't know what he's doing." Just read through this forum and that's what many people seem to think. Get rid of Trump and everything will be OK. Only in fantasyland. In reality, the debt market could collapse at any time. Or can the Fed continue to keep it under control?

No one here would want to find out what happens which the "everything bubble" collapses.

I think Trump would like to bring manufacturing back to America. Return well paying jobs to America and turn the country into a country that actually produces things. Once upon a time, that used to be the case, right? Why is it not that way now? Simple. The Globalists wanted a New World Order, the billionaires wanted to line their pockets with even more money, and they saw an opportunity to rob the middle class by the exploiting cheap labor available outside America. And they got away with it. Nixon opened the door to China and the rest is history. Unfortunately, all of the value that used to reside in the middle class is now debt and the debt market is unable to handle much more. Business as usual is no longer an option.

And yet I don't hear a thing from the Lefties about how to fix the problem. They would have everyone believe that the only problem is Donald J. Trump. The Lefties don't say much else because they have no solution. It's truly crazy.

The lefties had their chance but hung that on the wall with Biden and then selecting Harris as his running mate a lose-lose situation for sure and this political novice noticed it immediately and then with Trump running against either of those, I couldn't see how he could lose. He won before because IMHO dems crossed over to vote agains Hillary as they hated her and rightly so but again the Super Pacs selecting the candates have sold us down into the toilet bowl with the water pouring in and no way out for the four years - JD would be just like Harris - way over his head as are all those other rich folks begin appointed to head agencies so that Trump's version will always be approved by that department. They know now after this latest SIGNAL glitch that they can do whatever they want without accepting any responsibility nor do they have to tell the truth under oath as normal people do! I do hope I am wrong of course but DT just wants to destroy the US economy! IMO.

jas007 · March 29

15 minutes ago, Presnock said:

The lefties had their chance but hung that on the wall with Biden and then selecting Harris as his running mate a lose-lose situation for sure and this political novice noticed it immediately and then with Trump running against either of those, I couldn't see how he could lose. He won before because IMHO dems crossed over to vote agains Hillary as they hated her and rightly so but again the Super Pacs selecting the candates have sold us down into the toilet bowl with the water pouring in and no way out for the four years - JD would be just like Harris - way over his head as are all those other rich folks begin appointed to head agencies so that Trump's version will always be approved by that department. They know now after this latest SIGNAL glitch that they can do whatever they want without accepting any responsibility nor do they have to tell the truth under oath as normal people do! I do hope I am wrong of course but DT just wants to destroy the US economy! IMO.

I disagree about Trump wanting to "destroy" the US economy. He may well mess things up, but so far he hasn't been in office long enough this term to do much of anything that would be damaging, long term. I think he means well, as does Musk. To be sure, there are those embedded within the government that want him to fail. They want him to fail and they seemingly want the country to fail. However well meaning they may be, the country simply can't live on debt, debt, and more debt. It would be nice if that was the case, but it just doesn't work. It never has in history, and it never will. It's not a long term solution.

In any event, consider the alternative. Harris was your only other option, and that would have meant the destruction of the USA, for sure. That was the goal and they almost accomplished it, but for Trump. Perhaps there's some hope.

I have my doubts about the eventual outcome, but it's not like I can do anything about it.

Presnock · March 29

9 minutes ago, jas007 said:

I disagree about Trump wanting to "destroy" the US economy. He may well mess things up, but so far he hasn't been in office long enough this term to do much of anything that would be damaging, long term. I think he means well, as does Musk. To be sure, there are those embedded within the government that want him to fail. They want him to fail and they seemingly want the country to fail. However well meaning they may be, the country simply can't live on debt, debt, and more debt. It would be nice if that was the case, but it just doesn't work. It never has in history, and it never will. It's not a long term solution.

In any event, consider the alternative. Harris was your only other option, and that would have meant the destruction of the USA, for sure. That was the goal and they almost accomplished it, but for Trump. Perhaps there's some hope.

I have my doubts about the eventual outcome, but it's not like I can do anything about it.

exactly the problem this old government retiee has. I sure hope other folks are prepared for a possible reciession in the US and probably the world too!

Presnock · March 29

12 minutes ago, jas007 said:

I disagree about Trump wanting to "destroy" the US economy. He may well mess things up, but so far he hasn't been in office long enough this term to do much of anything that would be damaging, long term. I think he means well, as does Musk. To be sure, there are those embedded within the government that want him to fail. They want him to fail and they seemingly want the country to fail. However well meaning they may be, the country simply can't live on debt, debt, and more debt. It would be nice if that was the case, but it just doesn't work. It never has in history, and it never will. It's not a long term solution.

In any event, consider the alternative. Harris was your only other option, and that would have meant the destruction of the USA, for sure. That was the goal and they almost accomplished it, but for Trump. Perhaps there's some hope.

I have my doubts about the eventual outcome, but it's not like I can do anything about it.

well, as for debt, Trump ordered the Rep run Congress to pass that bill funding the govt until the end of this fiscal year but also included in that bill is a lift on the debt ceiling that he wanted included so that he could extend the tax breaks for the really rich people - I blv the estimate was for at least a 4 trillion dollar debt added during his four years unless he adds even more! Scary and agree Harris definitely would be worse and JD if Trump to drop dead immediately would be as lost in that position as Harris.

Cameroni · March 29

23 hours ago, Walker88 said:

Patience, grasshopper.

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

Ah sorry, I didn't realise you had a crystal ball and could predict the market.

Lol.

jas007 · March 29

9 minutes ago, Presnock said:

well, as for debt, Trump ordered the Rep run Congress to pass that bill funding the govt until the end of this fiscal year but also included in that bill is a lift on the debt ceiling that he wanted included so that he could extend the tax breaks for the really rich people - I blv the estimate was for at least a 4 trillion dollar debt added during his four years unless he adds even more! Scary and agree Harris definitely would be worse and JD if Trump to drop dead immediately would be as lost in that position as Harris.

Financially, Trump now has some room to maneuver, at least for the rest of this fiscal year. Remember, the tax cuts he wants are part of a plan. In Trump's mind, they don't exist in a vacuum.

Will Trump's plan work? Who knows? Reagan tried the tax cut thing and the thought was, originally, that with less revenue, the government would have no choice but to cut spending. "Starve the beast," I think someone called the plan. Well, it didn't work and Reagan himself quickly changed his tune and wanted to raise taxes. But the tax cuts were politically popular and so they stayed. And so did the government spending spree, fueled by debt. The spending spree has been going on for decades. Debt, debt, and more debt. When Reagan took office, the government debt was 800 billion. Something like that. Today, trillions and counting. All that debt is inflationary, and is tantamount to a cruel tax on the people who can least afford it. The poor and the middle class. And you think that should continue? You think Trump wants to "destroy" the economy? You have it backwards. What would he want to do that? Why would any American want to do that? Someone scared you with nonsense and propaganda and now you think the Trump team is your enemy.

One way or another, business as usual can't continue. Maybe the debt market will collapse and that will be the end of everything you know as "normal." Or, maybe Trump will have some success and we can all live out normal lives with some degree of comfort. Either way, there's some trouble dead ahead.

Presnock · March 29

38 minutes ago, jas007 said:

Financially, Trump now has some room to maneuver, at least for the rest of this fiscal year. Remember, the tax cuts he wants are part of a plan. In Trump's mind, they don't exist in a vacuum.

Will Trump's plan work? Who knows? Reagan tried the tax cut thing and the thought was, originally, that with less revenue, the government would have no choice but to cut spending. "Starve the beast," I think someone called the plan. Well, it didn't work and Reagan himself quickly changed his tune and wanted to raise taxes. But the tax cuts were politically popular and so they stayed. And so did the government spending spree, fueled by debt. The spending spree has been going on for decades. Debt, debt, and more debt. When Reagan took office, the government debt was 800 billion. Something like that. Today, trillions and counting. All that debt is inflationary, and is tantamount to a cruel tax on the people who can least afford it. The poor and the middle class. And you think that should continue? You think Trump wants to "destroy" the economy? You have it backwards. What would he want to do that? Why would any American want to do that? Someone scared you with nonsense and propaganda and now you think the Trump team is your enemy.

One way or another, business as usual can't continue. Maybe the debt market will collapse and that will be the end of everything you know as "normal." Or, maybe Trump will have some success and we can all live out normal lives with some degree of comfort. Either way, there's some trouble dead ahead.

Well I agree that there is some trouble on the way. I also realize that the whole problem is not just Trump but many before him but I also disagree with you as IMHO I think he is out to destroy the US economy as he knows he will only be alive for a short time more and he wants to be crowned KING but that won't happen either IMO as he has surrounded himself with people that are clueless as to what they are responsible for. But I do wish that for my kids, family and friends, that I am wrong and that things will work out with the US in a better fiscal position.

Colki · March 29

This is why Trump threatens BRIC countries with massive tariffs as this is a massive threat to the dollar if they establish trade settlements in other than US dollars.

Some of these countries also hold massive quantities of American Treasury Bills if they were to cash these in and some have done this it would seriously impact the dollar.

Ralf001 · March 29

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

Is the Dollar safe?

Yes.

3NUMBAS · March 29

On 3/27/2025 at 2:24 PM, Jim Blue said:

John major was made a Lord for his big ballsup

RUSirius · March 29

It's safer than GBP for certain. Short run yes long run ?

Inflation and debt ...

BRICS is nothing burger

gamb00ler · March 29

On 3/28/2025 at 12:01 PM, Delight said:

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

Trump wants to be seen as a king and be seen as making king-like proclamations. He cares naught about any consequences.

spidermike007 · March 29

4 hours ago, Presnock said:

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.

I agree. I have considered Trump insane for many years now, but I don't think any of us knew how completely unhinged he was, nor how incredibly diabolical his plans were. His supporters will very soon find out just what the man is up to, and just how phony and false his promised agenda was.

Presnock · March 29

Just now, spidermike007 said:

I agree. I have considered Trump insane for many years now, but I don't think any of us knew how completely unhinged he was, nor how incredibly diabolical his plans were. His supporters will very soon find out just what the man is up to, and just how phony and false his promised agenda was.

I am not so sure that most of those still believing in him have any healthy cells left in their brains if they had any to start with. Hopefully I will live long enough while he continues his struggles but i saw him proclaim " the SIGNAL glitch is just a small problem and especially since we have been inpower only 2 months and everything else has been PERFECT!" IMHO I think he really believes that! now so sure he has any working cells left!

spidermike007 · March 29

Just now, Presnock said:

I am not so sure that most of those still believing in him have any healthy cells left in their brains if they had any to start with. Hopefully I will live long enough while he continues his struggles but i saw him proclaim " the SIGNAL glitch is just a small problem and especially since we have been inpower only 2 months and everything else has been PERFECT!" IMHO I think he really believes that! now so sure he has any working cells left!

I do have some friends that will come right out and say the man is a butthead, he's an idiot, and he's an absolute clown, but I like his policies. Those are the Republicans I admire.

With many people, once they got attached to a theory, it was hard to get them detached. They’d screen out unhelpful facts, invent favorable ones, and ignore contradictions in their own claims. Look at those Sandy Hook, multiple fraud convictions, and Jan. 6th truthers, babbling about false flags and crisis actors and all the rest. When people were motivated enough to believe something, they were going to believe it no matter what. There was no such thing as a bridge too far.

Presnock · March 29

1 minute ago, spidermike007 said:

I do have some friends that will come right out and say the man is a butthead, he's an idiot, and he's an absolute clown, but I like his policies. Those are the Republicans I admire.

With many people, once they got attached to a theory, it was hard to get them detached. They’d screen out unhelpful facts, invent favorable ones, and ignore contradictions in their own claims. Look at those Sandy Hook, multiple fraud convictions, and Jan. 6th truthers, babbling about false flags and crisis actors and all the rest. When people were motivated enough to believe something, they were going to believe it no matter what. There was no such thing as a bridge too far.

Yeah sorry to say, I know you are correct but I am still hoping ....

RUSirius · March 29

2 minutes ago, spidermike007 said:

I do have some friends that will come right out and say the man is a butthead, he's an idiot, and he's an absolute clown, but I like his policies. Those are the Republicans I admire.

With many people, once they got attached to a theory, it was hard to get them detached. They’d screen out unhelpful facts, invent favorable ones, and ignore contradictions in their own claims. Look at those Sandy Hook, multiple fraud convictions, and Jan. 6th truthers, babbling about false flags and crisis actors and all the rest. When people were motivated enough to believe something, they were going to believe it no matter what. There was no such thing as a bridge too far.

U so smart

jas007 · March 29

44 minutes ago, Presnock said:

Well I agree that there is some trouble on the way. I also realize that the whole problem is not just Trump but many before him but I also disagree with you as IMHO I think he is out to destroy the US economy as he knows he will only be alive for a short time more and he wants to be crowned KING but that won't happen either IMO as he has surrounded himself with people that are clueless as to what they are responsible for. But I do wish that for my kids, family and friends, that I am wrong and that things will work out with the US in a better fiscal position.

I'm not sure what more I can tell you about Trump, the US economy, and the US dollar.

If you're old enough to be collecting Social Security, you're surely old enough to have lived through what has been done to the value of your US dollar over the years. Or were you living on another planet beginning in 1971, when Nixon closed the gold window?

How much did your parents pay for their house? What about the family car? Or the groceries your mom used to buy? Have you ever seen a brand new $3000 car? Or a house that only cost $25,000? Did you ever buy gasoline for 49 cents a gallon? How about education? Ivy League tuition was only around $3000 a year. I remember seeing a new Toyota Corolla in a Toyota showroom in 1973. The bare bones cost? $1399.00. I could go on, but I'm sure you lived through the destruction of the US dollar, just like everyone else in America. And yes, wages have risen over the years, but they haven't kept up with inflation. Even the official figures, which everyone knows are garbage, will tell you that dollar holders were losers, over time. Inflation. That's the culprit. Not Trump. Not Musk.

And that's the problem, in a nutshell. Will you continue to receive your US dollars? Sure. They can print those up, no problem. But, and this is a big but, what will you be able to buy with those dollars, going forward? Why are you so eager to label Trump as some sort of Demon? Trump and his team are trying to keep the banksters and the fraud artists from stealing any more of the value of your dollars.

The billionaires don't need to make more money. They're already sitting on top of the world. They're trying to save what's left of America. You should probably hope they're successful.

Presnock · March 29

35 minutes ago, jas007 said:

I'm not sure what more I can tell you about Trump, the US economy, and the US dollar.

If you're old enough to be collecting Social Security, you're surely old enough to have lived through what has been done to the value of your US dollar over the years. Or were you living on another planet beginning in 1971, when Nixon closed the gold window?

How much did your parents pay for their house? What about the family car? Or the groceries your mom used to buy? Have you ever seen a brand new $3000 car? Or a house that only cost $25,000? Did you ever buy gasoline for 49 cents a gallon? How about education? Ivy League tuition was only around $3000 a year. I remember seeing a new Toyota Corolla in a Toyota showroom in 1973. The bare bones cost? $1399.00. I could go on, but I'm sure you lived through the destruction of the US dollar, just like everyone else in America. And yes, wages have risen over the years, but they haven't kept up with inflation. Even the official figures, which everyone knows are garbage, will tell you that dollar holders were losers, over time. Inflation. That's the culprit. Not Trump. Not Musk.

And that's the problem, in a nutshell. Will you continue to receive your US dollars? Sure. They can print those up, no problem. But, and this is a big but, what will you be able to buy with those dollars, going forward? Why are you so eager to label Trump as some sort of Demon? Trump and his team are trying to keep the banksters and the fraud artists from stealing any more of the value of your dollars.

The billionaires don't need to make more money. They're already sitting on top of the world. They're trying to save what's left of America. You should probably hope they're successful.

Well yeah, bought my first house in '73 for 25K but it wasn't new. Bought my 68 mustang in 1968 right out of the military Education I got in VN called surviving,gasoline in my life has been 10Cents a gallong and yeah have paid 30K in cash for a new vehicle too. Owned more houses paid them off too gave the money to my families. Have no debt, plenty in the bank in case I pass tomorrow and my pension annuity for my wife will make her a rich lady in Thailand. When you look at the cost of things that people need daily, you also have to consider the average wage. Now I realize that in many states, house prices are way beyond the average middle American which has greatly shrunk. But the number of really rich folks has greatly increased....look at the number of billionaires created during the COVID pandemic over 500 - criminals I have to believe as they had to be stealing that from someone or the government. Same with Congress folks look at how rich they are and consider how they got there on their salary while they couldn't even floor an "anti insider trading" bill. They know how to play the game and that is why they stay forever - time for term limits. IMO.

jas007 · March 29

5 minutes ago, Presnock said:

Well yeah, bought my first house in '73 for 25K but it wasn't new

For what it's worth, new houses are the worst. If you're looking for value, the last thing you want is a new house in the suburbs. Usually, they're made of the cheapest construction materials money can buy, by builders who cut every imaginable corner. I know people in that business, and that's how it works, usually. To be sure, there are builders who know how to do it right, but that's not the mass market.

Presnock · March 29

3 hours ago, spidermike007 said:

I do have some friends that will come right out and say the man is a butthead, he's an idiot, and he's an absolute clown, but I like his policies. Those are the Republicans I admire.

With many people, once they got attached to a theory, it was hard to get them detached. They’d screen out unhelpful facts, invent favorable ones, and ignore contradictions in their own claims. Look at those Sandy Hook, multiple fraud convictions, and Jan. 6th truthers, babbling about false flags and crisis actors and all the rest. When people were motivated enough to believe something, they were going to believe it no matter what. There was no such thing as a bridge too far.

Well, I admit that I do not like open borders, US immigration policy was one of the easiest for numbers of folks coming in, then open borders anyone in no problem - Thais having the same problem now as bad folks coming in too, also I an a two genders only person, with born men not allowed in women's sports, I definitely am against fraud, waste and abuse in not only governmnet but in any organization, I started voting as a Republican changed to Independent but could never vote for democrat policies, I do believe there is waste, abuse and fraud in probably every large govt program, especially the give away to people who are capable of working but would rather stay at home and some even have more babies as they get more benefits - against a lot of that but it also taks a lot of folks checking up on these people. I have always been for a very strong defense which can overpower another offense so liked the Rep defense budgets and like having the US near the top in preventing some wars but didn't alway like their doing combat without Congressional approval. I do believe in the separation of powers of our government and believe that if one does the crime then they must pay the consequenses which the woke crowd just did away with to protect the floyd demonstrators who should have spent some time in jail. anyway, not totaly against all he stands for, just don't think he is presidential material. And definitely know the clowns he appointed already are amateurs who are rich and accept no responsibility for their actions unless something good comes out of it. In any case I hoPe I am wrong and the economy begins to zoom up and inflation zooms down and everyone almost are happy.

Jim Blue · March 29

6 hours ago, 3NUMBAS said:

John major was made a Lord for his big ballsup

Ah yes Major , from bank teller to PM ..what could possibly go . ...right ?

Serenity_Now · March 29

i may be wrong but with limited information ..

DOGE and the big lime caves

so housed in some lime caves are all the federal workers files
no mention if it is digitised as well
MUSK says its waste he is going to put everyone into a big computer link up all the departments to cut fraud and waste.

Now I am pretty IT literate

I just think those files are there for a reason SECURITY
thats a lot of federal employees hacking a cave is harder than hacking a computer
and if you start linking it up to god know what then all those federal employees data will be suseptible.

It might be like using a 3rd party chat app to send vital attack details over

just saying.............

swissie · April 2

On 3/28/2025 at 5:30 AM, Walker88 said:

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)

The Tiger in the dark lurks here: The 3rd lagest expense of the federal budget is servicing the dept (interest payments).This at currently low interest rates. Imagine what happens if interest rates should rise. "Servicing the dept" could become number 2 of the federal budget deficit. By then, holders of US$ will run for the hills. Tiger Tiger in the dark.....

Look here: https://www.pgpf.org/article/what-is-the-national-debt-costing-us/

Time for the financial community to start looking at the (overlooked) Tiger that is lurking in the dark.

swissie · April 2

More food for thaught.

An internationally competitve economy needs no tariffs to shelter the domestic economy from competition. Appearantly, the US does.

Outside of tariffs, what could make the US economy more competitve in todays world? By lowering the value of the US $ by 20%.

The current administration has declared this as a "goal". So, US $ holders may want to keep this in mind.

BritManToo · April 2

6 hours ago, swissie said:

More food for thaught.

An internationally competitve economy needs no tariffs to shelter the domestic economy from competition. Appearantly, the US does.

Outside of tariffs, what could make the US economy more competitve in todays world? By lowering the value of the US $ by 20%.

The current administration has declared this as a "goal". So, US $ holders may want to keep this in mind.

You can't compete against countries paying $1/day, when your country sets a minimum wage of $20/hour.

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