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Author Topic: U.S. debt tops $40 trillion; bitcoin shoots up 24%  (Read 611 times)
Abiky
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Today at 01:57:42 AM
 #61

This should not be shocking to anyone. When the USA is making more and more debt, when they are printing more and more, and when they are hated by the world all around, even their "allies" are starting to hate them, it is normal that the USD will also get weaker. In fact, I secretly started to think that they are doing this because they do not want immigration. After all, if you make the USA a horrible shithole, then nobody will want to immigrate there.

At this point, they might be ruining the country to ground for some reason or another. This is why the USA will eventually be a nation that will get worse and worse and worse with time. Or maybe they will get a great president one day, and for 8 years they will get better, and that person could save the nation a bit, but if not, and they elect another idiot, the USA will have basically nothing in the near future, and they will be ruined. I understand trying to stay the biggest power in the world, but if they keep doing this, then they are not going to actually achieve anything.

I seem to remember Trump planning to make the USD weaker to increase domestic production. I mean, the weaker the currency, the cheaper the exports will be. All a plan to make the US the world's next manufacturing hub. Just like China. This has been long overdue in Trump's "America First" agenda. However, things are not turning out as Trump planned them to be due to the ongoing war with Iran. Higher oil prices are making the USD stronger.

Meanwhile, the US national debt continues to rise. I wouldn't expect the debt to get any lower, especially when governments need to continuously borrow money to help satisfy their immediate economic needs. It's like inflation, which is inevitable. At least, Bitcoin's isn't prone to the negative effects of "devaluation". Since it was made as a deflationary currency, prices should go higher in the long term. I'd try to minimize my Fiat exposure, and move all into Bitcoin. You'll thank me later.
pooya87 (OP)
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Today at 08:04:19 AM
 #62

I seem to remember Trump planning to make the USD weaker to increase domestic production. I mean, the weaker the currency, the cheaper the exports will be. All a plan to make the US the world's next manufacturing hub. Just like China.
This plan was not limited to this pedophile POTUS, it has been going on for a while and it wasn't exactly about weakening US dollar. The US regime has been mostly trying (or better say wishing) to convince Chinese to raise the exchange rate of Yuan so that they stop being able to compete. Basically they were hoping for a Hotel Plaza scam 2.0 this time with the Chinese instead of Japanese. But since Chinese haven't been as stupid as the Japanese to shoot their economy in the foot, they have not accepted that scheme.

The tariff war that Biden started and the next one followed was part of that plan. To make it harder for Chinese to sell products, and force production to come back to US. A plan that has only caused high inflation for American consumers and not much else.

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ultrloa
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Today at 11:10:54 AM
 #63

I seem to remember Trump planning to make the USD weaker to increase domestic production. I mean, the weaker the currency, the cheaper the exports will be. All a plan to make the US the world's next manufacturing hub. Just like China.
This plan was not limited to this pedophile POTUS, it has been going on for a while and it wasn't exactly about weakening US dollar. The US regime has been mostly trying (or better say wishing) to convince Chinese to raise the exchange rate of Yuan so that they stop being able to compete. Basically they were hoping for a Hotel Plaza scam 2.0 this time with the Chinese instead of Japanese. But since Chinese haven't been as stupid as the Japanese to shoot their economy in the foot, they have not accepted that scheme.

The tariff war that Biden started and the next one followed was part of that plan. To make it harder for Chinese to sell products, and force production to come back to US. A plan that has only caused high inflation for American consumers and not much else.

Washington is really trying to do that for many years and try to do those situation you have stated. Hoping that it can possibly affect the export industry of China. But since China refused those planned made by US the counter action they have done is to increase their tariff and use the bring manufacturing home as an excuse.

But in reality what really happens is the price of consumer products continue to rise rather than hitting those target that they mentioned about reviving their industrial sector.

Data clearly states that the tariffs they implement does not fix any problem, but it just hurt their domestic consumers and not those country they are targetting.

Well this is great articles to read about what we have discussed here.

https://cepr.org/publications/policy-insight-149-global-imbalances-redux

https://www.tmgm.com/en-eu/analysis/market-insight/merz-calls-plaza-accord-on-yuan

R


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