Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

That ship has sailed -- it was a forgone conclusion when the USA froze Russia's sovereign reserve of dollars back in February 2022. No sane nation will hold a "reserve" that can be frozen at any time at the whim of whomever is in the White House.

Pretty easily actually- don't send hundreds of thousands of troops to invade another country, and your money won't be frozen. Funny how simple it is!

Iraq War, anyone? Libya? Syria?

It's easy to spout off flippant remarks like that, but no sovereign nation will hold a "reserve" that can be frozen when *your* nation's actions (be they invading another country or something else) can serve as the predicate for another nation (i.e., the USA) freezing your access to your reserve funds. Of course, it's just egregiously funny that the USA has gone around invading other nations for decades.

In any case, ultimately it only hurt the USA that we did that. Now the de-dollarization of the world is inevitable and the U.S. dollar will inevitably lose its status as the world's reserve currency in the coming years.

What will that mean for us? A much weaker dollar and much higher prices for anything we import (which is almost everything). There may be some silver linings, such as increased domestic manufacturing and reduction in government spending that comes along with loss of a money printer that prints the global reserve currency, but it will be a bumpy ride.

Huh didn't know we had any Administration/Russian assets posting here, good to know. If this was the case, why didn't the dollar weaken significantly in 2022? Why only now?

Whatever -- that's all you Russophobes ever say. Anyone raising logical points you can't counter is just slandered as a Russian asset. I'm an American -- I just know how stupid it was for the USA to freeze Russian assets in 2022 and what it means for the dollar. In all the years of the Cold War against our mortal enemy the Soviet Union, the USA never froze Soviet dollar reserves. It was stupidity of the first order to have done so with Russia's assets in 2022.

Stick your head in the sand if you will; the market doesn't care. The dollar is going down in value and due to the rise of BRICS (accelerated both by destroying the dollar's status as reserve currency as we did in 2022 and now by the short-sighted tariffs against India and others for buying Russian oil) a new economic era is dawning.

People should consider how inflated the U.S. stock market and other U.S.-linked assets are (including real estate) and how that is likely to change due to the relative decline of the USA and the rise of BRICS.

NP but we've frozen Iranian continuously assets since 2012. The idea that freezing Russian assets in response to their invasion of Ukraine was some uncrossable Rubicon that we blundered blindly over and the singular event which doomed the dollar is . . . revisionist? A glaringly obvious false agenda? Nonsense? Bulls**t?

Fair point, but there are important distinctions. The Iranian state that created those dollar reserve assets was overthrown in a violent coup in 1979 (one that included taking American diplomats hostage, as the old folks will remember). There was a reasonable, and widely accepted, position that those dollar reserves were frozen on behalf of the legitimate government of Iran that the Islamic revolutionaries overthrew.

That's quite a different thing compared to freezing the assets of a major world power like Russia when there is no argument that the Russian government that deposited the assets is the same Russian government in power today. Even when the Soviet Union invaded Afghanistan in the 1980s we did not freeze their dollar assets.

In any case, it's water under the bridge now. The U.S. dollar's status as the world's reserve currency was always going to end at some point; we've just greatly accelerated it now.

Investors must take this into account when creating their investment allocations. A much weaker dollar is coming.

Except this did not have to happen. Biden left this country in decent shape.

Trump has not only continued to crush the National Debt he's profiting every single time he does anything off of taxpayers. Instead of paying down the debt!

He is not a buisness man he's an idiot.

The US is going to a great depression because of the cult. UGH

Anonymous wrote:

Anonymous wrote:If you hate Trump, you are more likely to have the feeling that the economy is doing poorly. This thread is all about how you guys feel vs reality.

It’s really not.

The economy is getting wrecked and you can’t see it.

But you can, am I right?

Bwaaaa haaaa! Never change, Fox News, never change. You truly are masters of spin:

https://www.foxbusiness.com/media/trump-cabinet-members-target-jerome-powell-weak-economy-august-jobs-numbers

Yeah because rate cuts will stave off inflation.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is so much work out there. These are jobs that white collar workers or college graduates don't want to do.
I can find 20 people jobs right now making $30-$40 an hour without experience. I just can't find anyone looking for a job or willing to work.
Today is nothing like 2008 when I couldn't even get a server job with 10 years of experience.
I'm in hard assets because of the money printing. I have also been through 4 down markets/crisis and will come through it easily.
No crash. It's just another decade when people not in hard assets are left behind once again.
We are going through rapid changes, not a crash of any kind.

This. Job market is not weak.

Does anyone read a newspaper? Or, do you just spin whatever thoughts pop into your head?

"But fresh figures out Wednesday show that those meager job totals weren’t an anomaly: For the first time in more than four years, there are fewer open jobs than there are job seekers."
https://www.cnn.com/2025/09/03/economy/us-jolts-job-openings-layoffs-july

The job numbers mimic what I’m seeing in my own life— jobs that were supposed to be “safe” (including nurse practitioner, computer programmer with 20+ years experience, and data analyst with 20+ years experience) all recently fired (programmer) or have been unable to find jobs in a year+. The idea that we are pushing out immigrants to make more jobs isn’t going to solve for the highly educated professionals sitting on the economic sidelines right now.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

That ship has sailed -- it was a forgone conclusion when the USA froze Russia's sovereign reserve of dollars back in February 2022. No sane nation will hold a "reserve" that can be frozen at any time at the whim of whomever is in the White House.

Pretty easily actually- don't send hundreds of thousands of troops to invade another country, and your money won't be frozen. Funny how simple it is!

Iraq War, anyone? Libya? Syria?

It's easy to spout off flippant remarks like that, but no sovereign nation will hold a "reserve" that can be frozen when *your* nation's actions (be they invading another country or something else) can serve as the predicate for another nation (i.e., the USA) freezing your access to your reserve funds. Of course, it's just egregiously funny that the USA has gone around invading other nations for decades.

In any case, ultimately it only hurt the USA that we did that. Now the de-dollarization of the world is inevitable and the U.S. dollar will inevitably lose its status as the world's reserve currency in the coming years.

What will that mean for us? A much weaker dollar and much higher prices for anything we import (which is almost everything). There may be some silver linings, such as increased domestic manufacturing and reduction in government spending that comes along with loss of a money printer that prints the global reserve currency, but it will be a bumpy ride.

Huh didn't know we had any Administration/Russian assets posting here, good to know. If this was the case, why didn't the dollar weaken significantly in 2022? Why only now?

Whatever -- that's all you Russophobes ever say. Anyone raising logical points you can't counter is just slandered as a Russian asset. I'm an American -- I just know how stupid it was for the USA to freeze Russian assets in 2022 and what it means for the dollar. In all the years of the Cold War against our mortal enemy the Soviet Union, the USA never froze Soviet dollar reserves. It was stupidity of the first order to have done so with Russia's assets in 2022.

Stick your head in the sand if you will; the market doesn't care. The dollar is going down in value and due to the rise of BRICS (accelerated both by destroying the dollar's status as reserve currency as we did in 2022 and now by the short-sighted tariffs against India and others for buying Russian oil) a new economic era is dawning.

People should consider how inflated the U.S. stock market and other U.S.-linked assets are (including real estate) and how that is likely to change due to the relative decline of the USA and the rise of BRICS.

Okay not a Russian asset, whatever. Same question- if the turning point for the USD as reserve currency was 2022, why did it take 3 years for the dollar to weaken? Why did the weakening just happen to correlate almost to the day with the huge new tariffs in April 2025?

https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-usd.en.html

I do agree with you that BRICS and others are going to move on from the US as their biggest market and reserve currency, etc. But solely because of political instability here.

Because the decades long history of the U.S. dollar as the world's reserve currency was not going to change overnight. It's all based on how much dollar reserves other nations want to hold, and they couldn't "dump their dollars" all at once. BRICS (which comprises the majority of the world's population) is slowly but surely weaning themselves off of U.S. dollar reserves; China has been buying huge quantities of gold, for example.

The recent sanctions against India -- ironically also tied to the U.S. involvement in the Ukraine-Russia conflict -- seems to have pushed India over the edge and into the arms of BRICS as well.

Probably makes sense to increase your portfolio holdings of foreign stocks and other stores of value, such as gold, bitcoin, and other commodities.

It's weird because I agree with your conclusions but the reasons seem made up. The issues with China and others slowly moving away from the US have been happening for a while now and have been accelerated by tariffs, etc. I see no reason why freezing Russian cash had a significant impact. So yes, I agree that this is all very bad for the US and will make us more subject to interest rate volatility, weaker economy, etc. But some sort of magical link to freezing Russian cash? No idea what evidence you have of that, other than RT broadcasts.

DP: I don't agree with their theory and think the erosion of the dollar is very clearly linked to Vance's speech in Munich and Trump's attacks on our allies but ..

the theory is that there are a lot of very rich very sketchy people around the world. Russians, Saudis, Qataris, Emiratis, Chinese, Indians, Nigerians, Brazilians etc that were using dollars as a safe haven to avoid both currency and political issues back home. The sanctions on Russian oligarchs made them worried that the same could happen to them.

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

+2

Though I listened to a planet money (I think?) episode on this and all the other potentials for currency standard still wouldn’t come close to the US and likely wouldn’t want to have that burden.

Anonymous wrote:If you hate Trump, you are more likely to have the feeling that the economy is doing poorly. This thread is all about how you guys feel vs reality.

Nobody needs to feel it. The economy IS doing poorly. I'm guessing you're not looking for a job right now.

Anonymous wrote:If you hate Trump, you are more likely to have the feeling that the economy is doing poorly. This thread is all about how you guys feel vs reality.

of course, and if you love trump you're more likely to feel that the economy is doing well.

it was the same under biden, when economic indicators said everything was very good, but political sentiment was able to convince people it wasn't. now it's the other way, by objective measures we've always used, the economy is deeply troubled and potentially heading towards a bad fall, and political sentiment is making some people feel like everything is fine.

The difference is that when the economy is going well, it's not easy to convince people it's doing poorly, but it's also not THAT hard... people always want more than they have, and so people (as they did under biden) will go, "Yeah, it's true that I have a well-paying full-time job, benefits and so does my wife and my company is hiring, my mortgage is paid, I own my car... but it's a three year old car, and I can't afford a new truck! And everything is SO expensive! My kids want to go to Disney, but that WOKE POS company has jacked up the prices! Meanwhile, my boss says he's desperate for more immigrants to fill the vacancies -- why can't those jobs go to HONEST Americans? I can't think of anyone in my world who is unemployed and looking for work, but it seems REAL unfair that my boss wants immigrants for those jobs when REAL Americans can't get a second look when they put in their resume! This country don't make sense!"

Trump fans can tell themselves everything is going great all they want, but when they can't get a job and everything actually IS expensive, it's much harder to avoid.

Of course, they'll just blame Joe Biden.

Anonymous wrote:If you hate Trump, you are more likely to have the feeling that the economy is doing poorly. This thread is all about how you guys feel vs reality.

If you're watching real-world indicators that are not tied to the institutions he's trying to bring under his thumb, you're more likely to notice that the economy is doing poorly.

Mortgage delinquency rates are up. https://www.forbes.com/sites/jimosman/2025/07/12/mortgage-delinquencies-are-exploding-what-smart-investors-see-coming/
Auto payment delinquencies are at a 15-year high. https://www.forbes.com/sites/jimosman/2025/07/15/theyre-skipping-car-payments-thats-the-final-warning-sign/
Consumer credit debt is at an all-time high. https://www.cnbc.com/2025/08/05/ny-fed-credit-card-debt-second-quarter-2025.html
Student loan delinquencies are on the rise. https://finance.yahoo.com/news/student-loan-delinquencies-are-on-the-rise-heres-why-184802465.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMZ8nDckTuG2N7dyCPxPoXT7xNVwAvJlax0omaYxLFX4RN3tCYfE4i0qGTi1C31eKzFydUlzYeVqTObu3uNat_C2WU4TQMcpCgjuZe1NT9MsvmwiXIs5j-bT4DYu3Qq2TKYe-FRICrJti9Ku73spqvg-YclInqEtikPKvk6zlSXX
And of course, you have the very weak job report (not just weak: contracting, once the corrections come in).

Of course, true believers will say this is TDS. So be it.

Anonymous wrote:If you hate Trump, you are more likely to have the feeling that the economy is doing poorly. This thread is all about how you guys feel vs reality.

It’s really not.

The economy is getting wrecked and you can’t see it.

If you hate Trump, you are more likely to have the feeling that the economy is doing poorly. This thread is all about how you guys feel vs reality.

Ironically, once the great crash kicks in, as the job numbers today show it will, I wonder how this will impact the voting public.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

That ship has sailed -- it was a forgone conclusion when the USA froze Russia's sovereign reserve of dollars back in February 2022. No sane nation will hold a "reserve" that can be frozen at any time at the whim of whomever is in the White House.

Pretty easily actually- don't send hundreds of thousands of troops to invade another country, and your money won't be frozen. Funny how simple it is!

Iraq War, anyone? Libya? Syria?

It's easy to spout off flippant remarks like that, but no sovereign nation will hold a "reserve" that can be frozen when *your* nation's actions (be they invading another country or something else) can serve as the predicate for another nation (i.e., the USA) freezing your access to your reserve funds. Of course, it's just egregiously funny that the USA has gone around invading other nations for decades.

In any case, ultimately it only hurt the USA that we did that. Now the de-dollarization of the world is inevitable and the U.S. dollar will inevitably lose its status as the world's reserve currency in the coming years.

What will that mean for us? A much weaker dollar and much higher prices for anything we import (which is almost everything). There may be some silver linings, such as increased domestic manufacturing and reduction in government spending that comes along with loss of a money printer that prints the global reserve currency, but it will be a bumpy ride.

Huh didn't know we had any Administration/Russian assets posting here, good to know. If this was the case, why didn't the dollar weaken significantly in 2022? Why only now?

Whatever -- that's all you Russophobes ever say. Anyone raising logical points you can't counter is just slandered as a Russian asset. I'm an American -- I just know how stupid it was for the USA to freeze Russian assets in 2022 and what it means for the dollar. In all the years of the Cold War against our mortal enemy the Soviet Union, the USA never froze Soviet dollar reserves. It was stupidity of the first order to have done so with Russia's assets in 2022.

Stick your head in the sand if you will; the market doesn't care. The dollar is going down in value and due to the rise of BRICS (accelerated both by destroying the dollar's status as reserve currency as we did in 2022 and now by the short-sighted tariffs against India and others for buying Russian oil) a new economic era is dawning.

People should consider how inflated the U.S. stock market and other U.S.-linked assets are (including real estate) and how that is likely to change due to the relative decline of the USA and the rise of BRICS.

Okay not a Russian asset, whatever. Same question- if the turning point for the USD as reserve currency was 2022, why did it take 3 years for the dollar to weaken? Why did the weakening just happen to correlate almost to the day with the huge new tariffs in April 2025?

https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-usd.en.html

I do agree with you that BRICS and others are going to move on from the US as their biggest market and reserve currency, etc. But solely because of political instability here.

Because the decades long history of the U.S. dollar as the world's reserve currency was not going to change overnight. It's all based on how much dollar reserves other nations want to hold, and they couldn't "dump their dollars" all at once. BRICS (which comprises the majority of the world's population) is slowly but surely weaning themselves off of U.S. dollar reserves; China has been buying huge quantities of gold, for example.

The recent sanctions against India -- ironically also tied to the U.S. involvement in the Ukraine-Russia conflict -- seems to have pushed India over the edge and into the arms of BRICS as well.

Probably makes sense to increase your portfolio holdings of foreign stocks and other stores of value, such as gold, bitcoin, and other commodities.

It's weird because I agree with your conclusions but the reasons seem made up. The issues with China and others slowly moving away from the US have been happening for a while now and have been accelerated by tariffs, etc. I see no reason why freezing Russian cash had a significant impact. So yes, I agree that this is all very bad for the US and will make us more subject to interest rate volatility, weaker economy, etc. But some sort of magical link to freezing Russian cash? No idea what evidence you have of that, other than RT broadcasts.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

That ship has sailed -- it was a forgone conclusion when the USA froze Russia's sovereign reserve of dollars back in February 2022. No sane nation will hold a "reserve" that can be frozen at any time at the whim of whomever is in the White House.

Pretty easily actually- don't send hundreds of thousands of troops to invade another country, and your money won't be frozen. Funny how simple it is!

Iraq War, anyone? Libya? Syria?

It's easy to spout off flippant remarks like that, but no sovereign nation will hold a "reserve" that can be frozen when *your* nation's actions (be they invading another country or something else) can serve as the predicate for another nation (i.e., the USA) freezing your access to your reserve funds. Of course, it's just egregiously funny that the USA has gone around invading other nations for decades.

In any case, ultimately it only hurt the USA that we did that. Now the de-dollarization of the world is inevitable and the U.S. dollar will inevitably lose its status as the world's reserve currency in the coming years.

What will that mean for us? A much weaker dollar and much higher prices for anything we import (which is almost everything). There may be some silver linings, such as increased domestic manufacturing and reduction in government spending that comes along with loss of a money printer that prints the global reserve currency, but it will be a bumpy ride.

Huh didn't know we had any Administration/Russian assets posting here, good to know. If this was the case, why didn't the dollar weaken significantly in 2022? Why only now?

Whatever -- that's all you Russophobes ever say. Anyone raising logical points you can't counter is just slandered as a Russian asset. I'm an American -- I just know how stupid it was for the USA to freeze Russian assets in 2022 and what it means for the dollar. In all the years of the Cold War against our mortal enemy the Soviet Union, the USA never froze Soviet dollar reserves. It was stupidity of the first order to have done so with Russia's assets in 2022.

Stick your head in the sand if you will; the market doesn't care. The dollar is going down in value and due to the rise of BRICS (accelerated both by destroying the dollar's status as reserve currency as we did in 2022 and now by the short-sighted tariffs against India and others for buying Russian oil) a new economic era is dawning.

People should consider how inflated the U.S. stock market and other U.S.-linked assets are (including real estate) and how that is likely to change due to the relative decline of the USA and the rise of BRICS.

Okay not a Russian asset, whatever. Same question- if the turning point for the USD as reserve currency was 2022, why did it take 3 years for the dollar to weaken? Why did the weakening just happen to correlate almost to the day with the huge new tariffs in April 2025?

https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/eurofxref-graph-usd.en.html

I do agree with you that BRICS and others are going to move on from the US as their biggest market and reserve currency, etc. But solely because of political instability here.

Because the decades long history of the U.S. dollar as the world's reserve currency was not going to change overnight. It's all based on how much dollar reserves other nations want to hold, and they couldn't "dump their dollars" all at once. BRICS (which comprises the majority of the world's population) is slowly but surely weaning themselves off of U.S. dollar reserves; China has been buying huge quantities of gold, for example.

The recent sanctions against India -- ironically also tied to the U.S. involvement in the Ukraine-Russia conflict -- seems to have pushed India over the edge and into the arms of BRICS as well.

Probably makes sense to increase your portfolio holdings of foreign stocks and other stores of value, such as gold, bitcoin, and other commodities.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My concerns is BRICS and loss of reserve currency status.

That ship has sailed -- it was a forgone conclusion when the USA froze Russia's sovereign reserve of dollars back in February 2022. No sane nation will hold a "reserve" that can be frozen at any time at the whim of whomever is in the White House.

Pretty easily actually- don't send hundreds of thousands of troops to invade another country, and your money won't be frozen. Funny how simple it is!

Iraq War, anyone? Libya? Syria?

It's easy to spout off flippant remarks like that, but no sovereign nation will hold a "reserve" that can be frozen when *your* nation's actions (be they invading another country or something else) can serve as the predicate for another nation (i.e., the USA) freezing your access to your reserve funds. Of course, it's just egregiously funny that the USA has gone around invading other nations for decades.

In any case, ultimately it only hurt the USA that we did that. Now the de-dollarization of the world is inevitable and the U.S. dollar will inevitably lose its status as the world's reserve currency in the coming years.

What will that mean for us? A much weaker dollar and much higher prices for anything we import (which is almost everything). There may be some silver linings, such as increased domestic manufacturing and reduction in government spending that comes along with loss of a money printer that prints the global reserve currency, but it will be a bumpy ride.

Huh didn't know we had any Administration/Russian assets posting here, good to know. If this was the case, why didn't the dollar weaken significantly in 2022? Why only now?

Whatever -- that's all you Russophobes ever say. Anyone raising logical points you can't counter is just slandered as a Russian asset. I'm an American -- I just know how stupid it was for the USA to freeze Russian assets in 2022 and what it means for the dollar. In all the years of the Cold War against our mortal enemy the Soviet Union, the USA never froze Soviet dollar reserves. It was stupidity of the first order to have done so with Russia's assets in 2022.

Stick your head in the sand if you will; the market doesn't care. The dollar is going down in value and due to the rise of BRICS (accelerated both by destroying the dollar's status as reserve currency as we did in 2022 and now by the short-sighted tariffs against India and others for buying Russian oil) a new economic era is dawning.

People should consider how inflated the U.S. stock market and other U.S.-linked assets are (including real estate) and how that is likely to change due to the relative decline of the USA and the rise of BRICS.

NP but we've frozen Iranian continuously assets since 2012. The idea that freezing Russian assets in response to their invasion of Ukraine was some uncrossable Rubicon that we blundered blindly over and the singular event which doomed the dollar is . . . revisionist? A glaringly obvious false agenda? Nonsense? Bulls**t?

Fair point, but there are important distinctions. The Iranian state that created those dollar reserve assets was overthrown in a violent coup in 1979 (one that included taking American diplomats hostage, as the old folks will remember). There was a reasonable, and widely accepted, position that those dollar reserves were frozen on behalf of the legitimate government of Iran that the Islamic revolutionaries overthrew.

That's quite a different thing compared to freezing the assets of a major world power like Russia when there is no argument that the Russian government that deposited the assets is the same Russian government in power today. Even when the Soviet Union invaded Afghanistan in the 1980s we did not freeze their dollar assets.

In any case, it's water under the bridge now. The U.S. dollar's status as the world's reserve currency was always going to end at some point; we've just greatly accelerated it now.

Investors must take this into account when creating their investment allocations. A much weaker dollar is coming.