We almost (might have) lost reserve currency status

[Anonymous]

Anonymous wrote:The house passed the two trillion dollars tax cuts yesterday

There goes the economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The U.S. dollar's days as a reserve currency were numbered from the moment the Biden Administration weaponized it by seizing Russia's dollar reserves (basically telling Russia "the dollars you have aren't any good anymore until we tell you they're good").

No sane country -- certainly not the powerful countries like China, India, Saudi Arabia, Brazil, etc., would ever count on U.S. dollars being a reserve currency after that move.

This doesn't mean the end, though. A country doesn't need to control the international reserve currency to be wealthy and successful. It's just going to be different from now on. Prepare accordingly.

Don’t break international law by invading another country and your dollars are fine.

Do you realize you're shooting yourself in the foot? It's sad. I don't think you understand what you've done. You don't take the time to learn these things. You just spout off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know we have a lot of tariff threads. I’m shocked more people are not aware or are talking about why Trump reversed course.
His tax cuts!!!

When the markets tanked on Wednesday two crazy things happened, one item was particularly bad.
Normally during market crashes there is a “flight to safety” to US Treasury bonds. That causes rates to go down because there is so much demand.

Instead rates went up, meaning no one wanted US Treasuries because the finance bros didn’t feel the US was safe!

This is something Trump talked a lot about, slowing the economy to refi debt at lower rates….. the exact opposite happened in real time. Rates went by 1% which is massive.

That lack of flight to safety means, the US was no longer the world’s currency.

That also means rates were going to spike and the 1T tax cut would not pass. Meaning Trumps signature legislation would not have passed. I see all the market manipulation threads and posts, but the real story is the failed treasury auction.

That means higher rates for CC and mortgages.

I know people only look at the stock market or sensational stories…. But the real story is the US might have lost our reserve currency status and worst of all our President proved his priorities (tax cuts) and that he was weak…. We might not recover from liberation day.

This should not be a political discussion in a political thread, but it should scare everyone!

I agree, OP. Trump has really screwed the US

Actually, Biden screwed us. He used the dollar as a weapon against Russia for its invasion of Ukraine.

Now other countries are taking note and re-evaluating if they want to hold the reserve currency that can be weaponized against them anytime they cross the U.S.

Sorry to be the bearer of bad news to you. You democrats were told this might happen when you did it, but it felt so good then, huh?

Lol, ok Ivan. The countries that are "taking note" are the countries that wholeheartedly supported the isolation of Russia. You know, our former allies and friends that we declared a trade war on, threatened annexation, and repudiated our mutual defense agreements.

Russia is a nobody country and nobody likes or trusts them besides the Clown in Chief. Colombia and Vietnam are way more important both to us and the entire world.

Hey, moron. It's not about Russia. It's about the signal you sent to every other country in the world holding dollars as reserve and trading in them. Are you dense?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Currencies have value because of trust not scarcity. There is no trust in the United States anymore. That lack of trust is directly related to the policies of the last 80 days.

NO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The U.S. dollar's days as a reserve currency were numbered from the moment the Biden Administration weaponized it by seizing Russia's dollar reserves (basically telling Russia "the dollars you have aren't any good anymore until we tell you they're good").

No sane country -- certainly not the powerful countries like China, India, Saudi Arabia, Brazil, etc., would ever count on U.S. dollars being a reserve currency after that move.

This doesn't mean the end, though. A country doesn't need to control the international reserve currency to be wealthy and successful. It's just going to be different from now on. Prepare accordingly.

Don’t break international law by invading another country and your dollars are fine.

Do you realize you're shooting yourself in the foot? It's sad. I don't think you understand what you've done. You don't take the time to learn these things. You just spout off.

DP: who do you imagine you are talking to? Someone with actual power and influence?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Currencies have value because of trust not scarcity. There is no trust in the United States anymore. That lack of trust is directly related to the policies of the last 80 days.

NO.

YES.

[Anonymous]

How the hell are Fortune 500 CEOs not beating down his door?

He's wrecking the USD, which is the bedrock foundation for American business dominance. Without the USD as a hegemon, US companies are weakened.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The U.S. dollar's days as a reserve currency were numbered from the moment the Biden Administration weaponized it by seizing Russia's dollar reserves (basically telling Russia "the dollars you have aren't any good anymore until we tell you they're good").

No sane country -- certainly not the powerful countries like China, India, Saudi Arabia, Brazil, etc., would ever count on U.S. dollars being a reserve currency after that move.

This doesn't mean the end, though. A country doesn't need to control the international reserve currency to be wealthy and successful. It's just going to be different from now on. Prepare accordingly.

Don’t break international law by invading another country and your dollars are fine.

Do you realize you're shooting yourself in the foot? It's sad. I don't think you understand what you've done. You don't take the time to learn these things. You just spout off.

Enlighten us, O Wise One.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know we have a lot of tariff threads. I’m shocked more people are not aware or are talking about why Trump reversed course.
His tax cuts!!!

When the markets tanked on Wednesday two crazy things happened, one item was particularly bad.
Normally during market crashes there is a “flight to safety” to US Treasury bonds. That causes rates to go down because there is so much demand.

Instead rates went up, meaning no one wanted US Treasuries because the finance bros didn’t feel the US was safe!

This is something Trump talked a lot about, slowing the economy to refi debt at lower rates….. the exact opposite happened in real time. Rates went by 1% which is massive.

That lack of flight to safety means, the US was no longer the world’s currency.

That also means rates were going to spike and the 1T tax cut would not pass. Meaning Trumps signature legislation would not have passed. I see all the market manipulation threads and posts, but the real story is the failed treasury auction.

That means higher rates for CC and mortgages.

I know people only look at the stock market or sensational stories…. But the real story is the US might have lost our reserve currency status and worst of all our President proved his priorities (tax cuts) and that he was weak…. We might not recover from liberation day.

This should not be a political discussion in a political thread, but it should scare everyone!

I agree, OP. Trump has really screwed the US

Actually, Biden screwed us. He used the dollar as a weapon against Russia for its invasion of Ukraine.

Now other countries are taking note and re-evaluating if they want to hold the reserve currency that can be weaponized against them anytime they cross the U.S.

Sorry to be the bearer of bad news to you. You democrats were told this might happen when you did it, but it felt so good then, huh?

Lol, ok Ivan. The countries that are "taking note" are the countries that wholeheartedly supported the isolation of Russia. You know, our former allies and friends that we declared a trade war on, threatened annexation, and repudiated our mutual defense agreements.

Russia is a nobody country and nobody likes or trusts them besides the Clown in Chief. Colombia and Vietnam are way more important both to us and the entire world.

Hey, moron. It's not about Russia. It's about the signal you sent to every other country in the world holding dollars as reserve and trading in them. Are you dense?

Hey, moron. The Russia sanctions weren't any different than the Iran, Cuba, North Korea, and Venezuela ones.

Brazil and India aren't doing this. It's Canada, Japan and the EU because they've lost trust in us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know we have a lot of tariff threads. I’m shocked more people are not aware or are talking about why Trump reversed course.
His tax cuts!!!

When the markets tanked on Wednesday two crazy things happened, one item was particularly bad.
Normally during market crashes there is a “flight to safety” to US Treasury bonds. That causes rates to go down because there is so much demand.

Instead rates went up, meaning no one wanted US Treasuries because the finance bros didn’t feel the US was safe!

This is something Trump talked a lot about, slowing the economy to refi debt at lower rates….. the exact opposite happened in real time. Rates went by 1% which is massive.

That lack of flight to safety means, the US was no longer the world’s currency.

That also means rates were going to spike and the 1T tax cut would not pass. Meaning Trumps signature legislation would not have passed. I see all the market manipulation threads and posts, but the real story is the failed treasury auction.

That means higher rates for CC and mortgages.

I know people only look at the stock market or sensational stories…. But the real story is the US might have lost our reserve currency status and worst of all our President proved his priorities (tax cuts) and that he was weak…. We might not recover from liberation day.

This should not be a political discussion in a political thread, but it should scare everyone!

I agree, OP. Trump has really screwed the US

Actually, Biden screwed us. He used the dollar as a weapon against Russia for its invasion of Ukraine.

Now other countries are taking note and re-evaluating if they want to hold the reserve currency that can be weaponized against them anytime they cross the U.S.

Sorry to be the bearer of bad news to you. You democrats were told this might happen when you did it, but it felt so good then, huh?

Your post is beyond absurd. Trump fully owns this. He's running around like the Mad King and has broken the economy in less than three months. His insane incompetence has officially become extremely dangerous.

[Anonymous]

Anonymous wrote:I know we have a lot of tariff threads. I’m shocked more people are not aware or are talking about why Trump reversed course.
His tax cuts!!!

When the markets tanked on Wednesday two crazy things happened, one item was particularly bad.
Normally during market crashes there is a “flight to safety” to US Treasury bonds. That causes rates to go down because there is so much demand.

Instead rates went up, meaning no one wanted US Treasuries because the finance bros didn’t feel the US was safe!

This is something Trump talked a lot about, slowing the economy to refi debt at lower rates….. the exact opposite happened in real time. Rates went by 1% which is massive.

That lack of flight to safety means, the US was no longer the world’s currency.

That also means rates were going to spike and the 1T tax cut would not pass. Meaning Trumps signature legislation would not have passed. I see all the market manipulation threads and posts, but the real story is the failed treasury auction.

That means higher rates for CC and mortgages.

I know people only look at the stock market or sensational stories…. But the real story is the US might have lost our reserve currency status and worst of all our President proved his priorities (tax cuts) and that he was weak…. We might not recover from liberation day.

This should not be a political discussion in a political thread, but it should scare everyone!

Uh, they want to replace the dollar with crypto. This isn't a secret. Anything to undermine the USA is the goal.

[Anonymous]

Anonymous wrote:The U.S. dollar's days as a reserve currency were numbered from the moment the Biden Administration weaponized it by seizing Russia's dollar reserves (basically telling Russia "the dollars you have aren't any good anymore until we tell you they're good").

No sane country -- certainly not the powerful countries like China, India, Saudi Arabia, Brazil, etc., would ever count on U.S. dollars being a reserve currency after that move.

This doesn't mean the end, though. A country doesn't need to control the international reserve currency to be wealthy and successful. It's just going to be different from now on. Prepare accordingly.

Wow, this is some 4-D chess BS. Where did you conjure this theory up? Because the fact of the matter is that the US was in an incredibly STRONG poistion globally when Biden left office.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know we have a lot of tariff threads. I’m shocked more people are not aware or are talking about why Trump reversed course.
His tax cuts!!!

When the markets tanked on Wednesday two crazy things happened, one item was particularly bad.
Normally during market crashes there is a “flight to safety” to US Treasury bonds. That causes rates to go down because there is so much demand.

Instead rates went up, meaning no one wanted US Treasuries because the finance bros didn’t feel the US was safe!

This is something Trump talked a lot about, slowing the economy to refi debt at lower rates….. the exact opposite happened in real time. Rates went by 1% which is massive.

That lack of flight to safety means, the US was no longer the world’s currency.

That also means rates were going to spike and the 1T tax cut would not pass. Meaning Trumps signature legislation would not have passed. I see all the market manipulation threads and posts, but the real story is the failed treasury auction.

That means higher rates for CC and mortgages.

I know people only look at the stock market or sensational stories…. But the real story is the US might have lost our reserve currency status and worst of all our President proved his priorities (tax cuts) and that he was weak…. We might not recover from liberation day.

This should not be a political discussion in a political thread, but it should scare everyone!

I agree, OP. Trump has really screwed the US

Actually, Biden screwed us. He used the dollar as a weapon against Russia for its invasion of Ukraine.

Now other countries are taking note and re-evaluating if they want to hold the reserve currency that can be weaponized against them anytime they cross the U.S.

Sorry to be the bearer of bad news to you. You democrats were told this might happen when you did it, but it felt so good then, huh?

When Biden left office, the US Economy and the Dollar were the envy of the world. A very strong position that has NOTHING to do with Russia invading Ukraine.

[Anonymous]

Anonymous wrote:Some of you might not like it but started to accelerate with sanctions of Russia and confiscation of Russian assets.
Instead of the dollar being seen as neutral reserve currency in sent a strong signal no body is safe to China and rich middle eastern countries.
The BRIC nations started accumulating gold and started trading in their local currency.
It was like shooting ourself in the foot and with tariffs Trump is accelerating the decline.

That dog don’t hunt. Bond markets react quickly. It doesn’t take years. This is directly correlated to Trump’s insanity/dementia and the GOP-run Congress. No one cares about Russia’s piddly little economy. Remember it’s about a third of California’s economy. About a third of Texas’ or New York’s.

[Anonymous]

So did you put your cash in Chinese currency yet, OP? Taking Mandarin lessons too?