USA Dollar

Duncan · Post by **Duncan** » Mon Aug 13, 2018 6:29 pm

Donald Trump has been the only President that has openly admitted he would like to see a lower USA dollar.

Is the old saying, what goes up must come down, wrong ? When will the next crash happen ?

tightenupvolume1 · Post by **tightenupvolume1** » Mon Aug 13, 2018 6:41 pm

charlie

xxxxxxx · Post by **xxxxxxx** » Mon Aug 13, 2018 6:58 pm

Duncan wrote: ↑Mon Aug 13, 2018 6:29 pm Donald Trump has been the only President that has openly admitted he would like to see a lower USA dollar.

Is the old saying, what goes up must come down, wrong ? When will the next crash happen ?

So Trump says it. He has no direct power to do anything about currency valuations. Every country or currency block that has a large export-based economy wants a cheaper national currency to increase domestic production, jobs and investment and limit imports. The Chinese blatantly and openly manipulate their currency to maintain a competitive manufacturing and therefore trade advantage.

For the dollar to "crash", other widely-held currencies have to rise. What major country is going to let that happen? Singapore, Norway and Switzerland aren't big enough economies to matter. What airline is going to buy an Airbus plane or if the Euro is 4 times as costly as a dollar? And of course the RMB is pegged to the dollar within a tight range dictated by the government, so it will rise or fall in tandem.

But anyone who thinks the dollar is going to crash should be buying gold. If you are correct you'd be a wealthy man.

finbar · Post by **finbar** » Mon Aug 13, 2018 11:08 pm

BubbleT wrote:What currency have Iranians been flocking to ...

Coolaid?

tightenupvolume1 · Post by **tightenupvolume1** » Tue Aug 14, 2018 12:25 am

finbar wrote: ↑Mon Aug 13, 2018 11:08 pm
BubbleT wrote:What currency have Iranians been flocking to ...
Coolaid?

that depends on where the hostages are from, i doubt that any turks will be snatched at the moment. :stir:

charlie

frank lee bent · Post by **frank lee bent** » Tue Aug 14, 2018 5:55 am

Every country or currency block that has a large export-based economy wants a cheaper national currency to increase domestic production, jobs and investment and limit imports. The Chinese blatantly and openly manipulate their currency to maintain a competitive manufacturing and therefore trade advantage.

very much to the point. could put that in a textbook. credit and tax by inflation also comes into it.

IraHayes · Post by **IraHayes** » Tue Aug 14, 2018 7:33 am

xxxxxxx wrote: ↑Mon Aug 13, 2018 6:58 pm
Duncan wrote: ↑Mon Aug 13, 2018 6:29 pm Donald Trump has been the only President that has openly admitted he would like to see a lower USA dollar.

Is the old saying, what goes up must come down, wrong ? When will the next crash happen ?
So Trump says it. He has no direct power to do anything about currency valuations. Every country or currency block that has a large export-based economy wants a cheaper national currency to increase domestic production, jobs and investment and limit imports. The Chinese blatantly and openly manipulate their currency to maintain a competitive manufacturing and therefore trade advantage.

For the dollar to "crash", other widely-held currencies have to rise. What major country is going to let that happen? Singapore, Norway and Switzerland aren't big enough economies to matter. What airline is going to buy an Airbus plane or if the Euro is 4 times as costly as a dollar? And of course the RMB is pegged to the dollar within a tight range dictated by the government, so it will rise or fall in tandem.

But anyone who thinks the dollar is going to crash should be buying gold. If you are correct you'd be a wealthy man.

China is also under threat of being removed from the WTO.They have been playing the West for years and Trump is calling them out.

xxxxxxx · Post by **xxxxxxx** » Tue Aug 14, 2018 7:50 am

IraHayes wrote: ↑Tue Aug 14, 2018 7:33 am China is also under threat of being removed from the WTO.They have been playing the West for years and Trump is calling them out.

Too little and far too late, I'm afraid. The Chinese now have all the manufacturing might and expertise they will ever need and they have bought or (mostly) stolen so much intellectual property it boggles the mind. Short sighted western businesses outsourced their jobs to China and handed over their proprietary designs to make a quick buck for the past 20 years, only to now have those same Chinese "partners" as competitors.

Arget · Post by **Arget** » Tue Aug 14, 2018 7:51 am

The Aussie $ has dropped against US$ again and looks like maybe dropping further.

Duncan · Post by **Duncan** » Tue Aug 14, 2018 9:00 am

xxxxxxx wrote: ↑Mon Aug 13, 2018 6:58 pm
Duncan wrote: ↑Mon Aug 13, 2018 6:29 pm Donald Trump has been the only President that has openly admitted he would like to see a lower USA dollar.

Is the old saying, what goes up must come down, wrong ? When will the next crash happen ?
So Trump says it. He has no direct power to do anything about currency valuations. Every country or currency block that has a large export-based economy wants a cheaper national currency to increase domestic production, jobs and investment and limit imports. The Chinese blatantly and openly manipulate their currency to maintain a competitive manufacturing and therefore trade advantage.

For the dollar to "crash", other widely-held currencies have to rise. What major country is going to let that happen? Singapore, Norway and Switzerland aren't big enough economies to matter. What airline is going to buy an Airbus plane or if the Euro is 4 times as costly as a dollar? And of course the RMB is pegged to the dollar within a tight range dictated by the government, so it will rise or fall in tandem.

But anyone who thinks the dollar is going to crash should be buying gold. If you are correct you'd be a wealthy man.

Quote ] The Chinese blatantly and openly manipulate their currency to maintain a competitive manufacturing and therefore trade advantage.

Well it seems I have it all wrong. I thought it was the USA that was the currency manipulator by using their dollar to control the world markets in all products.
If you flood the world with your own currency it makes you in control of most situations.
What other country can pay for goods and services using their own currency, on the other side of the world. All countries have to take into account a exchange '' fee '', which depends on the economy of the USA.
I'm happy to see some countries are now able to pay for some products using other currency's and dont have to go through the USA system.

Coffee time.

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