US Dollar off by 15% against the Euro and fading. 20% off predicted by June 2026. Maga's, please tell us why Trump's economic policies are working?

[loveslongnails]

Updates

6 mo

Gotta love when a guy who doesn't know wtf he's talking about comes on to your question, spews garbage, then tells YOU to go away, and blocks you. @ Boundless --- the only boundless thing I see is your ignorance about who got the US where it is, how, and what they intend to do with it. You're a walking Fox/Newsmax billboard.

[lightbulb27]

yea, that's a big issue isn't it... if cannot fix budget, which looks like they cannot, we sink further. only question of whether the others sink at a different rate. Europe now has to fund larger military, so their social programs take a hit... will it rebalance some? Its always been a race to the bottom...

Trump has offerings of 20 trillion ish investment in USA, that's huge, all of that would roll around communities. as usual, it will go to select few people and some will win others lose. how long take to deploy all that and will any of it take shape. gotta wonder how much of their agreements are BS.

it's all a teeter totter but with 40T+ debt, were exposed given it's all a short term loan now. they must hold rates down... and will after

the policy of kicking others in the teeth backfired in that they don't buy our AAa bonds so much, especially china/asia. So we or the fed will buy them... that means inflation.

so it is not bad policy so much as bad diplomacy. you have to take the poison with the medicine and hope you survive.

King Kamala or not Present Biden? don't know... give it 3 years. If we have one or two nuclear power plants running, some new factories and such... maybe the experiment survives a little longer.

[boundless]

Since when does Trump control the Federal Reserve? Euro area interest rates have been stable for the past half year. Over that same time the Federal Reserve has dropped rates several times. As rates drop there is less demand for currency. Investors move money around to different market. It's pretty basic stuff here and none of it has anything to do with Trump.

[loveslongnails]

The dollar dipped to.81 under Trump's first administration. It peaked at $1.04 under Biden and ended at.975 when that administration left office. So how about the past 10 months? Down from.975 to.855. That's 12.3% in 10 months.

It's due in great part to a complete lack of faith in "Trump-o-nomics" and the actual results of those policies. As many European banks have already said " The Damage is already done". Call it as basic as you want, but at THIS point in time, it has everything to do with faith in the US economy, which is at its lowest point since his first fiasco of a term. Sure, investors move money around all the time, so you're just proving my point about where they think it should go.

[boundless]

At the start of the Biden administration inflation went to it's highest levels since the 1970s causing significant hardship for the American public as the cost of living shot through the roof. Gasoline nearly doubled in price to close to $4 a gallon nationally. Grocery bills doubled. Housing prices doubled. Exponential printing of the M1 money supply decimated the value of the American dollar in an engineered attempt to destroy America from within. 97% of that money was handed over to multinational companies under the guise of COVID stabilization basically free with minimal interest rates. A lot of fraud occurred. 3% was used to appease the other 99% of the population with a meager stimulus check or two and PPP loans to keep staff employed during mandated shutdowns of the economy which was suppose to help with the economic hardship.

[boundless]

That crushed GDP as production was stalled and boasted the velocity of money causing inflation to run rampant and supply shortages in many sectors of the economy. There were bear shelves in shop and rationing occurring for the first time in my life as an American. Commercial coupons were canceled causing those at the lowest part of the economy to struggle even more, which haven't even come back to this day. Companies like RedPlum went out of business and Coupons dot com got annihilated. After the supply shock and great robbery was run, then the Federal Reserve boasted interest rates through the roof stalling the economy. Real Estate projects were paused for years as average Americans were priced out of housing and those large multinational corporations that got all that free money started to develop apartment complexes and housing developments that were totally rental houses. Again a new American phenomenon that has been engineered to push Americans from homeowners to renters in a "You will own nothing and be happy... 6uild 6ack 6etter" communist economy. Those higher interest rates the Fed created to curb inflation attracted foreign demand for dollars for the gravy the could collect, but when those interest rates start to dip, those foreign investors were no longer interested at the lower rates and moved on to the next opportunity. All of this was done by the Central Bankers, but Biden vocally and openly supported them, while Trump is threatening to end the Fed and put the money back in the hands of the people through the Treasury Department. So while a non government organization caused all the calamity, Trump is currently battling them, Biden was sucking them off and giving them rim jobs in support while they were trying to destroy America.

[loveslongnails]

There's waayyyyyyyy too much pure bullshit in this for me to bother unpacking. It would be a waste of time. Every SINGLE problem YOU mention was left to Biden because of Trump, just as every SINGLE problem Obama had to solve was left to him by Bush. It was an entertaining read however, since virtually EVERYTHING you said is wrong and nothing more than the usual GOP hyper horseshit they've been peddling for years to make people think " IT'S THE DEMS FAULT".
It's all bullshit.

What your ignorance forbids you to see is that hmmm... who made the worst God damn oil interference deal EVER in the history of deals? Trump. When did it hit? When Biden took over, forcing him to effin beg the Saudi's to rip up the Scump deal, which they wouldn't.

As I said, your head is too far up Trump's ass and P-2025's bullshit to know what you're talking about. Hard working Americans struggling to stay afloat every day are getting GRIFTED even more by the idiots you support.

[boundless]

It's clear you're retard. Go away. Go find your health care surrogate.

[exitseven]

They are bringing good jobs back to America with trillions of new investments, bringing energy prices down , encouraging business growth through tax cuts and deregulation and increasing wages by deporting cheap illegal alien labor.

[loveslongnails]

You're out of your mind if you think energy prices are down. Don't know what planet you live on.
indianacapitalchronicle.com/.../
That's just Indiana, and they're getting hit hardest.

Show me the jobs coming back and "Trillions of dollars" being invested. In what? Where?
Who will benefit from it -- workers or owners?
Back up your bullshit with facts. We'll wait while your idiot uses MY tax dollars to bail out farmers for the PROBLEM HE CREATED.

Damn boy, you're dense. LOL

[exitseven]

I paid 2.79 for gas two weeks ago. When biden was presideni t was over 5 bucks a gallon.
There are many comapnies that are building new facilities in the US. Many are currently under construction already creating construction jobs, It had only been a few months and these things take a year or so to complete.
www.whitehouse.gov/.../

[loveslongnails]

Ok loser, try and understand this... EVERY company on the WH list had ALREADY COMMITTED to their investments during the Biden Administration. Every... single... one of them.

And... more importantly... absolutely NO information coming out of whitehouse. gov is reliable any longer. None of it. It's all "state propaganda", and I'm not saying that just because I'm on the other team. I'm saying it because it's true.

When Trump gets numbers he doesn't like, he FIRES the people who head the department. He ignores the real numbers, and just publishes whatever the fuck he wants. So "whitehouse. gov" at this point is USELESS as a reference. You're going to have to get your stats from an unbiased organization, not from the White House.

As for jobs, look how Trump fucked up the battery plant in Georgia. You raided the plant, detained the workers, sent them back and them pleaded with them to return. You just don't know what you're talking about.

All your little mind can think is "the price of gas", which has stayed the same. Meanwhile, food, energy, insurance, health care costs, and virtually every other commodity around you has gone up 15% to 100%, and ALL you can say is what you paid for gas. LMAO If gas prices staying flat for a year keep transportation costs down, then why are your goods and services going through the roof?

Tell us, Exit. We want to know.

[exitseven]

No, the companies investing here are all after Trump began his second term. I can remember when many of them were announced like John Deere, NVIDIA, Apple and many others. Last week the Crown Prince of UAE pledged 1 trillion dollars.
Joe Biden did nothing to encourage business in America, He caused businesses to leave.
Gas is not the same , it was over 5 bucks a gallon when Biden was president. It as going to be half that soon and the goal is to get it under 2 bucks.
Energy such as electricity is more because of democrat policies., Democrats want to switch to windmills and solar panels to generate electricity. It is the most expensive and least reliable way. President Trump is trying to reverse this trend. Food is a bit less than it was when Biden was president. When Biden was president food prices went up every single week.
Trump is trying to do something about healthcare costs which does not involve raising taxes to pay for it. Anybody can throw money at a problem and then raise taxes to pay for it. Republicans will find a better way than maybe democrat donors will not like. Insurance has gone sky-high to pay for all the accidents that illegal aliens get into while driving unregistered and uninsured, vehicles. That problem is also being addressed with the mass deportations the Trump administration is implementing.
You just do not like Whitehouse , gov because it shows that the Trump administration is accomplishing what the President promised.

[loveslongnails]

" No, the companies investing here are all after Trump began his second term. I can remember when many of them were announced like John Deere, NVIDIA, Apple and many others."
Horseshit. Remember the CHIPS deal under Biden? Who do you think enticed these giants to come and invest? Duh. Besides, Apple's "plan" is to spend "X"Billion in four years. That's all they said about it. As far as real expenditures go, they are updating factories and building new ones.
Guess what that means? More automation, fewer jobs especially for the unskilled.

You get excited if Chick-fil-a says "we're opening a thousand new stores". You think these are going to be well paying jobs? No, they're the second or third job many Americans have to tack on to make ends meet.

John Deere also closed down plants in 2 cities and moved them to Mexico. No net gain.

NVIDIA is indeed partnering with about 6 other firms to make chips and supercomputers in the USA. The problem is their projections don't make sense. They say it will create "hundreds of thousands of jobs". Let's see, the salary range for NVIDIA employees goes from $3,800 USD equivalent in India to $787,000 for senior programmers. How many of them do you think there are?

The MEDIAN pay at NVIDIA is $147, 000, but for who ----only high level programmers. This will help your average family how? I GAURANTEE YOU they will be exempt from any visa taxes on imported help. As for "hundreds of thousands of jobs", all you can do is wait and see. This too is a "plan". They'll see how the first one goes.

[loveslongnails]

" Trump is trying to do something about healthcare costs which does not involve raising taxes to pay for it." This is ABSOLUTE, TOTAL BULLSHIT. LOL

There's ALREADY a way to do it. It's been there for years, but the Republicans won't dare suggest it. Why? Because it eliminates the multi BILLION dollar insurance industry profit taking. It's called "single payer system", and virtually every other civilized, industrialized country in the world uses it. There's more than enough TAXPAYER funding for it now, but it goes to the 890 BILLION dollar defense budget! Want to talk about corruption, dude?

" Republicans will find a better way than maybe democrat donors will not like."
Horseshit again. LOL They've been unable to do that since The Great Depression. They have NO answers and THEY are the ones who don't like single payer because it cuts out all their profit taking at the mid level.

"You just do not like Whitehouse , gov because it shows that the Trump administration is accomplishing what the President promised."
Wrong again, Exit. When a President dumps heads of various departments because he doesn't like the truth in numbers they put out, ALL credibility is out the window. Every drop. NOT that we could ever trust a single thing out of his mouth anyway, but this is so fking obvious even YOU should see it.

Whitehouse. gov is State Run Media on a stick. It's Fox with a government stamp on it. The CBO is about the only place you can still "mostly" trust, and they've roasted every Trump tax program and economic plan he put forward since 2017, and for good reason.

You're being grifted again... LOL

[exitseven]

JohnDeere was about to close factories in America but recanted after President Trump told them how much the tariffs would be to sell in the uS.

[blackeagle007]

I don’t see prices going down. A dollar elsewhere than here won’t get you anything like in Canada or Europe. Way to go tariffs, yay. 🥱

[loveslongnails]

Actually, the US dollar gets you about $1.38 in Canada, but the costs of goods is already high there so you're doing no better than breaking even anyway. Where you really get hurt is in the EU and the UK.

[blackeagle007]

I probably wouldn’t get a stick of gum in Europe for $1

[beefcakebradybatson]

I'm not a MAGAN, but to them, they work because he's King Donald The First.