The US dollar is sinking like a rock

[Nid_Noi]

On 6/29/2025 at 12:31 PM, swissie said:

Concerning the Swiss Franc versus the US$.

 

In 1965 I had to pay 4 Swiss Francs for 1 Dollar.

In 1978 I had to pay 1,65 Swiss Francs for 1 Dollar.

Today I pay 0,79 Francs for 1 Dollar.

 

Anymore questions?

That’s why you left Switzerland like many of your compatriots. You can’t afford to live in your own country and need to shop across the border in France or Italy. The Swiss government just cut its growth forecast for 2025 and 2026 to 1.3% and 1.2% respectively. 
Exports have been falling 0.3% and imports rising 0.4% in 2024. GDP per capital has been going down since 2022 and is stagnant for 2025. 
On the banking side the Credit Suisse downfall ($510 million in penalties paid to the US) and UBS ($306 million fines) does not help to recover the confidence of the foreign investors.

[Nid_Noi]

On 6/29/2025 at 12:38 PM, spidermike007 said:

Trump does not know how the stock market works, but I think you can go one step further and say he does not know how the economy works, and on a more important level he knows nothing anything about globalization and all the intricacies involved in manufacturing internationally.

 

There's a reason why that's taking place, there's a reason why manufacturing has shifted overseas. It didn't happen in a vacuum and that manufacturing will not return to the US, not during our lifetime. It is just a slogan and a concept that he used to very craftily deceive millions of people into voting for him. 

 

It would appear at this point that Trump's seesaw approach to tariffs is having a dire effect on the US economy, thousands of jobs are being lost every day, the stock market is crashing (and believe me that crash has only just begun) and many countries are re-thinking their relationships with the US, realizing that the US is not the dependable ally they thought it was.

 

Many are avoiding visits to the US which could decimate American tourism, and many nations are likely planning their manufacturing in such a way that they are considerably less dependent on American imports, exports, and sales.

 

So where does that leave America in the grand scheme of things, and how badly could Trump's policies come back and bite him on his enormous butt? 

 

In the minds of many of us Trump is grossly overestimating the importance of the US and the dependence of other nations on the US. Granted the US economy is still huge, but it's not immune to damage, it's not immune to punishment by other nations, it could start shrinking, and it's not immune to crashing. 

 

 

Just spent 2 weeks in Utah and Arizona. Domestic and international tourists everywhere. Hotels packed, no cars to rent and booking required to access national parks due to demand. Camping sites and RV campgrounds booked solid. Marinas on Lake Powell busy like a 4th of July. 
The Grand Canyon train from Williams is booked a week ahead.

So I don’t have any worry about tourism in the US. Inflation is down to 2.3%.

As of June 2025, the US had the strongest economy in the world with a GDP of 30 trillion US$ followed by China 19.23 trillion US$. The US GDP is more than 1/3 of the global GDP.

So rest easy.

[transam]

2 minutes ago, Nid_Noi said:

Just spent 2 weeks in Utah and Arizona. Domestic and international tourists everywhere. Hotels packed, no cars to rent and booking required to access national parks due to demand. Camping sites and RV campgrounds booked solid. Marinas on Lake Powell busy like a 4th of July. 
The Grand Canyon train from Williams is booked a week ahead.

So I don’t have any worry about tourism in the US. Inflation is down to 2.3%.

As of June 2025, the US had the strongest economy in the world with a GDP of 30 trillion US$ followed by China 19.23 trillion US$. The US GDP is more than 1/3 of the global GDP.

So rest easy.

Would that be homegrown tourism..........🤔

[spidermike007]

38 minutes ago, Nid_Noi said:

Just spent 2 weeks in Utah and Arizona. Domestic and international tourists everywhere. Hotels packed, no cars to rent and booking required to access national parks due to demand. Camping sites and RV campgrounds booked solid. Marinas on Lake Powell busy like a 4th of July. 
The Grand Canyon train from Williams is booked a week ahead.

So I don’t have any worry about tourism in the US. Inflation is down to 2.3%.

As of June 2025, the US had the strongest economy in the world with a GDP of 30 trillion US$ followed by China 19.23 trillion US$. The US GDP is more than 1/3 of the global GDP.

So rest easy.

Well you happen to be in one of the most popular tourist attractions in the country, during the busiest month of the year, so that's not a particularly objective barometer. The numbers show otherwise, tourism in the US is down dramatically and billions upon billions are being lost because of one man's hatred, division, vitriol, arrogance, and his inability to keep his ridiculous mouth shut. 

[Yellowtail]

13 minutes ago, spidermike007 said:

Well you happen to be in one of the most popular tourist attractions in the country, during the busiest month of the year, so that's not a particularly objective barometer. The numbers show otherwise, tourism in the US is down dramatically and billions upon billions are being lost because of one man's hatred, division, vitriol, arrogance, and his inability to keep his ridiculous mouth shut. 

Utah and Arizona in the summer? Hilarious. 

[John Drake]

19 hours ago, Cameroni said:

You have to marvel at the idioticy of Trump haters, who think  that showing that the dollar is going down somehow proves Trump is a bad president, when in fact his whole objective is to lower the value of the US Dollar. So it's going exactly where Trump wanted it to go.

 

Some might say that's quite competent.

 

Degrade the dollar and run up record debt. Sounds like the same successful formula that bankrupted his casinos. Trump loves bankruptcy. That's why he goes into it so often. And now he's taking the US to the same place.

[KhunLA]

39 minutes ago, John Drake said:

 

Degrade the dollar and run up record debt. Sounds like the same successful formula that bankrupted his casinos. Trump loves bankruptcy. That's why he goes into it so often. And now he's taking the US to the same place.

It's an requirement to be president.  As seems every president has done the same thing, since 1929.  They totally lost control around 1980, with constant increases onward ... especially the idiot presidents of the 21st Century.

 

 

https://www.self.inc/info/us-debt-by-president/

 

[nauseus]

13 hours ago, AndreasHG said:

Maybe a little less than a crash, but still a significant depreciation. This is what happened during Trump's presidency. The dollar was indexed to 100 at the beginning of his presidency.

Only the pound of Brexit Britain, which was led in quick succession by Theresa “Brexit means Brexit” May, BoJo “oven ready deal” Johnson, Liz "Lettuce" Truss and, finally, the best of them all Rishi Sunak, did worse.

 

 

Off topic and even that came out of your hat.

 

And get some new crayons.

[nauseus]

32 minutes ago, KhunLA said:

It's an requirement to be president.  As seems every president has done the same thing, since 1929.  They totally lost control around 1980, with constant increases onward ... especially the idiot presidents of the 21st Century.

 

 

https://www.self.inc/info/us-debt-by-president/

 

 

And what happened in 1929?

[KhunLA]

26 minutes ago, nauseus said:

And what happened in 1929?

They stopped caring about a balanced budget, or paying down the debt, as apparent neither happened after 1929.   Actually was quite manageable till WW2, as chart showed.