Maga supporting expats -- did you know about the weak dollar policy?

[Jingthing]

First things first.

I don't believe that voters should vote only based on self interest.

While that is an important factor, ideally responsible citizens should base their votes on much broader considerations.

For example, I would be happy to personally pay more tax to support Ukraine to the level where they could actually win against Russia. 

But back to the topic -- U.S. expats and the Trump weak dollar policy.

From a pure self interest policy, the vast majority of expats would benefit from stronger rather than a weaker dollar.

Well the weak dollar policy is working. Weakest dollar globally since the early 1970's.

Against the baht, it would hardly be shocking to see it go to 30 or even God forbid 25.

Further economic shocks are more than possible now -- global recession, U.S. stagflation, global depression, bond market melt down, financial crises, etc.

It was indeed a much more stable economic situation under President Biden and it's fair to conclude a President Harris would not have introduced the wild risks and instability that Trump has.

So getting back the WEAK DOLLAR policy, maga fans -- did you realize before the election that was what you were voting for? If not, are you cool with it now?

To me it's kind of funny. Make America great again with a weak dollar and instigating a more serious risk of a rapid degradation of the dollar as the global reserve currency (which has been the "secret sauce" of U.S. wealth for decades).

[Harrisfan]

8 minutes ago, Jingthing said:

First things first.

I don't believe that voters should vote only based on self interest.

While that is an important factor, ideally responsible citizens should base their votes on much broader considerations.

For example, I would be happy to personally pay more tax to support Ukraine to the level where they could actually win against Russia. 

But back to the topic -- U.S. expats and the Trump weak dollar policy.

From a pure self interest policy, the vast majority of expats would benefit from stronger rather than a weaker dollar.

Well the weak dollar policy is working. Weakest dollar globally since the early 1970's.

Against the baht, it would hardly be shocking to see it go to 30 or even God forbid 25.

Further economic shocks are more than possible now -- global recession, U.S. stagflation, global depression, bond market melt down, financial crises, etc.

It was indeed a much more stable economic situation under President Biden and it's fair to conclude a President Harris would not have introduced the wild risks and instability that Trump has.

So getting back the WEAK DOLLAR policy, maga fans -- did you realize before the election that was what you were voting for? If not, are you cool with it now?

To me it's kind of funny. Make America great again with a weak dollar and instigating a more serious risk of a rapid degradation of the dollar as the global reserve currency (which has been the "secret sauce" of U.S. wealth for decades).

False. It is up compared to 5 years ago.

[Harrisfan]

NZ dollar 19.65 baht. 

[expat_4_life]

53 minutes ago, Jingthing said:

So getting back the WEAK DOLLAR policy, maga fans -- did you realize before the election that was what you were voting for?

 

What are u mumbling about today?  The USD has been trading mostly in the 30-35 range for almost 2 decades. It did dip to ~29 for a while when Obama was president

[Jingthing]

5 minutes ago, expat_4_life said:

 

What are u mumbling about today?  The USD has been trading mostly in the 30-35 range for almost 2 decades. It did dip to ~29 for a while when Obama was president

Talking about against all currencies.

 

The weak dollar policy in general.

 

The escalation of the world dumpling the dollar as the reserve currency.

 

 

https://www.politico.com/news/2024/04/15/devaluing-dollar-trump-trade-war-00152009

 

[nauseus]

1 hour ago, Jingthing said:

First things first.

I don't believe that voters should vote only based on self interest.

While that is an important factor, ideally responsible citizens should base their votes on much broader considerations.

For example, I would be happy to personally pay more tax to support Ukraine to the level where they could actually win against Russia. 

But back to the topic -- U.S. expats and the Trump weak dollar policy.

From a pure self interest policy, the vast majority of expats would benefit from stronger rather than a weaker dollar.

Well the weak dollar policy is working. Weakest dollar globally since the early 1970's.

Against the baht, it would hardly be shocking to see it go to 30 or even God forbid 25.

Further economic shocks are more than possible now -- global recession, U.S. stagflation, global depression, bond market melt down, financial crises, etc.

It was indeed a much more stable economic situation under President Biden and it's fair to conclude a President Harris would not have introduced the wild risks and instability that Trump has.

So getting back the WEAK DOLLAR policy, maga fans -- did you realize before the election that was what you were voting for? If not, are you cool with it now?

To me it's kind of funny. Make America great again with a weak dollar and instigating a more serious risk of a rapid degradation of the dollar as the global reserve currency (which has been the "secret sauce" of U.S. wealth for decades).

 

More erroneous horsedoo. The dollar was far weaker than today from 2008-11.

 

Trump has been quite clear that he wants a weaker dollar and was so before the election.

 

 

 

[WorriedNoodle]

5 minutes ago, nauseus said:

More erroneous horsedoo. The dollar was far weaker than today from 2008-11.

Ditto. You are cherry picking data. Why not look at the charts of the DXY from 2001 to 2008 when another Republican took control that the world laughed at.

[nauseus]

6 minutes ago, WorriedNoodle said:

Ditto. You are cherry picking data. Why not look at the charts of the DXY from 2001 to 2008 when another Republican took control that the world laughed at.

 

 

Then you will see J/thing's bs for what it is - who won in 2008 anyway? Join the JA club.

[DezLez]

2 hours ago, Harrisfan said:

NZ dollar 19.65 baht. 

SO?

Is it jnother post just to keep your numbers up?

[Yellowtail]

I am generally happy with what Trump is trying to do, and if I have to take a hit financially so be it. 

 

Nothing stopping the OP from donating to the war effort in Ukraine. 

 

Incidentally:

[KhunLA]

2 Points, yea, you vote for what interests and will benefit you.  Why would you not?

 

If you didn't know Trump wanted a weaker USD, then you'd fall into the 'idiot' category, as he talked about it on the campaign trail quite often.   And did the exact same thing in first administration.

 

Don't know where any surprise would come from.  He's done or try to do, exacting what he stated while campaigning.  As expected actually, and why I wanted Harris to win.  Bad for the country, good for me.

[Jingthing]

18 minutes ago, KhunLA said:

2 Points, yea, you vote for what interests and will benefit you.  Why would you not?

 

If you didn't know Trump wanted a weaker USD, then you'd fall into the 'idiot' category, as he talked about it on the campaign trail quite often.   And did the exact same thing in first administration.

 

Don't know where any surprise would come from.  He's done or try to do, exacting what he stated while campaigning.  As expected actually, and why I wanted Harris to win.  Bad for the country, good for me.

Actually I'm pretty sure that the vast majority of expat maga fans did NOT know they were voting for a weak dollar agenda!

[Yellowtail]

The Woke Mind Virus is strong in this one...

[Etaoin Shrdlu]

Exchange rates are mostly a function of comparative interest rates.

 

Fed chairman Jerome Powell is keeping US rates high due to concerns about inflation.

 

If Trump succeeds in evicting Powell from the Fed as he is attempting, presumably his successor will cut interest rates. This will cause the dollar to drop vis-a-vis the Thai baht barring similar rate cuts by Thailand.

 

The full effect of Trump's weak dollar policy hasn't been felt yet.

[KhunLA]

@Jingthing A glitch in the Matrix ... can't seem to quote you 

 

If MAGAs didn't know and actually cared about it enough, and still voted for DJT, now surprised and unhappy about it, then they are idiots.

 

He took it from ~35 to ~30 last time ... bastard 

Biden back to 35 and even hit 38 

DAMN YOU HARRIS ... you couldn't hide in the basement like Biden did & WON 😢

[Jingthing]

Again not only about the baht.

About the dollar against all currencies.

The weak dollar policy was not broadcast loudly in the campaign. 

People aren't morons if they missed it.

Lazy maybe.

Tariffs on the other hand were massively publicized but with the big lie that foreigners would pay them rather than the truth that American consumers actually pay.

[Harrisfan]

Worrying about trivial stuff

[Yagoda]

I voted for Trump in part because of his opposition to the LGBTQ/transgender madness, that is a priority for the protection of children. Those of us who are aghast at the grooming of this movement dont care about minor fluctuations in the dollar, especially when it affects expats who use their superior buying power to abuse and exploit innocent young boys and girls in SE Asia.

[Yellowtail]

The weak dollar is unfortunate, but given all the great things Trump is trying to do, I think it is a small price to pay. 

 

 

[Yellowtail]

I know that mass migration benefits me financially, but I am against it.

[annotator]

Fortunately for those of us who live in Thailand, even though the Dollar has recently declined in value against the Thai Baht, the fact is that after covid, the average level of inflation in Thailand has been much lower than in the USA. So even though the value of the dollar has declined somewhat against the baht, its purchasing power greatly lessens that.

[annotator]

I think that there will be more good news in store for American expats in Thailand. President Trump just got Vietnam to agree to 20% tariffs on its exports to the USA. Probably something similar will happen in the case of Thailand. That  means a fall in the baht in relation to the dollar. Probably deflation, too which will help American expats even more. But I think I better take down the American flag I have flying at my house.

[nauseus]

2 hours ago, annotator said:

I think that there will be more good news in store for American expats in Thailand. President Trump just got Vietnam to agree to 20% tariffs on its exports to the USA. Probably something similar will happen in the case of Thailand. That  means a fall in the baht in relation to the dollar. Probably deflation, too which will help American expats even more. But I think I better take down the American flag I have flying at my house.

 

Don't forget to salute!

[John Drake]

17 hours ago, Harrisfan said:

False. It is up compared to 5 years ago.

 

Yes, compared to Trump's first term where he also tried to gut the dollar, it is up. It is up from where Trump had it down to. And now he wants to make go back down and even further depreciate it. He wants increasing debt and dollar devaluation, which will hurt everyone.

[Chomper Higgot]

The OP perhaps assumes all MAGA supporting expats are Americans.

 

Like America’s enemies, they are both foreign and domestic.

[Harrisfan]

2 minutes ago, John Drake said:

 

Yes, compared to Trump's first term where he also tried to gut the dollar, it is up. It is up from where Trump had it down to. And now he wants to make go back down and even further depreciate it. He wants increasing debt and dollar devaluation, which will hurt everyone.

Covid was the reason last time. Nothing to do with Trump. 

[John Drake]

2 minutes ago, Harrisfan said:

Covid was the reason last time. Nothing to do with Trump. 

 

And Covid, of course, didn't affect Thailand or Asia.

[Harrisfan]

1 minute ago, John Drake said:

 

And Covid, of course, didn't affect Thailand or Asia.

Post makes no sense

[Harrisfan]

17 hours ago, expat_4_life said:

 

What are u mumbling about today?  The USD has been trading mostly in the 30-35 range for almost 2 decades. It did dip to ~29 for a while when Obama was president

Lefties have no idea. Can't even google a 30 year chart

[KhunLA]

14 hours ago, Jingthing said:

The weak dollar policy was not broadcast loudly in the campaign. 

Pretty sure you know that's  false narrative.  I didn't even pay attention to the campaigning, as I don't vote, and could care less.   Even I heard him a couple times endorsing a weaker dollar for exports.

 

All part of building the manufacturer sector and providing more jobs.   And yes, anyone missing that, was an idiot.

 

Not just Trump's policies, as during every administration, since about 2000, has had the dollar down to about 30 / $1 USA, or below 30 for some.

 

Trumps is where Biden had his lows, so not much different for almost 2 decades.