Why Trump Wants to Devalue the Dollar

[@crocodileguy4319]

didn’t know americans were chill like that, willingly giving up the hegemony

[@Joe-ti7qd]

99.9% of Americans don't even know what hegemony means.

[@BigPurp9]

Trump really is the chosen one. Thank you God for installing your agent to bring America down from the inside

[@archmage_of_the_aether]

Depends who does it.

[@TheAmericanCeasar]

weirdly enough, there is an increasing number of americans who hate american imperialism

[@quillo2]

Dems or Reps, they would have had to do it anyway. They are not giving up anything that they can hold on to. Other countries are already starting to move away from the dollar little by little.

[@jacksanders5766]

donald removing all the reasons behind why the dollar is the reserve currency and then still demanding that it is used as the reserve currency 😭

[@Goch46]

The level of entitlement he has 😂

[@olive-robin]

Its quite the hilarious contradiction honestly. Normally when people have two opposing beliefs they experience cognitive dissonance. But I guess he's insulated from that by nature of not knowing wtf he's talking about.

[@fr2ncm9]

Let's not forget, six of his businesses, including two casinos went bankrupt.

[@adamelghalmi9771]

@@fr2ncm9 thats not possible. casinos can't lose, how did they go bankrupt?

[@ahuatltelicza7874]

He's so genius that even he doesn't know what he's talking about

[@PhantomRaspberryBlower]

Are you possibly suggesting that Trump's economic plan is incoherent and makes no sense.

[@D.Ducktar]

Yeo 😂

[@97Corvi]

"surprised Pikachu face"

[@johnbox271]

President Trump pledged to revive the US coal industry in 2016. By the time he left office, production had fallen by 1/3.

[@Joe-ti7qd]

Yes. Trump doesn't understand that manufacturing isn't coming back. However a weaker dollar will be great for him and his asset owning friends.

[@enemyofthestatewearein7945]

It's a con, nothing more or less. The US population is being sold down the river.

[@IndiaTides]

America is importing nation. Weaker currency would mean very high inflation for imports.

[@idkwhattonamemyaccount4161]

That’s what Trump wants so that Americans buy American also the USA is not an ‘importing nation’ as it is the number 2 exporter globally.

[@attackxxx]

If they address debt with it, then it's a good idea. Yes, their purchasing power might go down, but if debt is dealt with, there will be no economic nuke waiting in the future.

[@elroymatekwa8702]

That might be true for countries trading from their local currencies to the dollar but even the pressure on the US side will be at best negligible and at worst cause Inflation in single digits

[@SelfProclaimedEmperor]

US imports a bunch of luxuries we don't need. On food and tech and oil we are self sufficient.

[@kneelesh48]

He wants to turn America into exporting nation

[@isbestlizard]

Fuck me tarriffs plus dollar devaluation... inflation is gonna hit triple digits XD

[@PoseidonOilRig]

OBAMNA'S FAULT!

[@Meton2526]

Not to mention dollar devaluation and inflation are completely indistinguishable from each other. Trump spent the last 4 years blaming Biden for inflation (while ignoring Trump's own reckless spending in 2020,) campaigned on Biden's economy being inflationary, and now he's proposing inflating/devaluing the dollar, which is exactly what inflation did the last 4+ years.

[@Ramschat]

@@Meton2526 Inflation takes time to kick in, by the time it happens, his term will be over and he can blame whoever is in charge. It worked against Biden, most Americans blamed Biden for inflation and were nostalgic for the economy as it was under Trump. Most people just don't understand that inflation happens years after it is set in motion, you can't just blame it all on the current president.

[@timguo6858]

Shoving my head down the gun barrel with this. Trump is really a short-sighted lunatic when it comes to economy.

[@JackJanuary]

@@timguo6858with everything *

[@JasonAtlas]

Assests will go up in value. Relative wages will go down and the owning class will profit. It is what it is.

[@SelfProclaimedEmperor]

Buy gold now, while you can

[@Joe-ti7qd]

Exactly this.

[@caseclosed9342]

Spoken like a true Marxist

[@cherubin7th]

@@caseclosed9342 No, Marxist don't understand this at all.

[@cyberdemon6517]

​@@SelfProclaimedEmperorjudge napolitano in a nutshell

[@HidyoX]

What is this guy, a Russian agent? He’s going to try to do what BRICS has been trying do since their inception.

[@mitchandola7133]

He is the the smallest doll in Matryoshka nesting dolls. Biggest one being Putin.

[@user-yz8fs5zq6z]

Putin's best pet..

[@NederlandsTransatlanticus]

Just see what Trump did at Moscow in 1987.

[@timogul]

Imagine people in 2024 being shocked that he's a Russian agent, when he has been making that perfectly clear for over eight years now.

[@Meton2526]

"BRICS" hasn't been trying to do anything, because BRICS isn't a real thing. There's no alliance, no policy agenda, not even a trade agreement. It was a collection of developing markets that one securities analyst thought in the early 2000s would outperform the US equity market, and he was wrong, since those nations' stock markets have failed to keep up with the S&P 500. BRICS just is not a real thing dude.

[@fallenclara]

If there's one thing, i learnt in Economics class, that is devaluing your local currency never works out great for the country's citizens.

[@ZX235w3]

No it depends. If your country is export-oriented (eg. China's), then devaluing is better. If your country is import-oriented (eg. USA's), you'll want a stronger currency. Trump and his goons never took a class in economics and dont know why free trade is so important so I'm not surprised. I'm more sad at how this is what democracy comes to: lettings idiots who dont know economics vote for an idiot president who also dont know economics

[@fr2ncm9]

In small amounts, it's ok, but Trump has never gone for half-measures. Just look at his tariff proposals.

[@timogul]

It's good for Trump that he couldn't care less about the country's citizens then.

[@Meton2526]

@@fr2ncm9 It's not even good in small amounts. The best system for the average median citizen is free market, free trade, laissez-faire capitalism. International trade manipulation and tariffs just make everyone worse off.

[@tylerdoss7644]

​@Meton2526 yeah laissez-faire capitalism in the US, because that was definitely good the last time we did that... (hint: there's a reason companies now have regulations to prevent monopolies)

[@camotei]

So basically Trump wants all the benefits and none of the drawbacks. Big surprise

[@eddapultstab2078]

Which will most likely lead to all the drawbacks and none of the benefits. He has already done that before so I won't be surprised if he does it again.

[@FTFOMF]

*Minimal Drawbacks. And what's wrong with wanting benefits for your country?

[@entropy8634]

@@FTFOMFbecause cheaper eggs

[@backlogbuddies]

If it was about cheaper eggs maybe break up Tyson foods control on poultry farms

[@willy4170]

@@FTFOMFbecause trump doesn’t even have a basic understanding of economics? Considering how much bankruptcies he has gone through and how zero sense his “concept of plan” has?

[@tiffanylaserna1288]

Gets elected on a promise to reduce inflation, while every single economic policy he proposes is highly inflationary. THANKS low info voters, I'm sure it going to be a blast!

[@daniel117100]

The only president to have no wars and they still call him Hitler

[@ColCurtis]

@@tiffanylaserna1288 I knew who was going to win when they picked Harris

[@jdools4744]

Hahahahaha cry harder

[@dickartist]

It's an investment strategy to export more goods and reduce the cost of living, government spending and debt, and the need for a federal income tax, which may be painful for a few years but have benefits with longevity. The current system may work today but its future looks bleak; should we continue the status quo, inflation will continue at a pace that gives our competitors a constant opportunity to undermine our economy, forcing us to import their increasingly overvalued goods beyond their point of affordability but not necessity, and that has arguably already occurred under the current administration. Drastic times call for drastic measures and the people have spoken.

[@manwithnewname]

You're watching tldr news you're not exactly getting a doctorate in economics here

[@Dendarang]

2:20 overvalued currency also increases the wages and international purchasing power of your citizens. It's strange how no one mentions that. So, with a weaker dollar, Americans would no longer have double the salaries of Japanese or ~40% higher salaries than Europeans. Overvalued currency also increases GDP and GDP per capita, btw, so dollar losing value would mean Mississippi would no longer have higher GDP per capita than the UK.

[@RezzpektMVP]

Americans dont care about logic

[@Lando-kx6so]

Once again gdp per capita is a very very poor indicator of how well off a country & it's people actually are

[@ajohndaeal-asad6731]

@@Lando-kx6soprecisely

[@ajohndaeal-asad6731]

That’s because it’s not a thing that would realistically happen

[@charlesallan-ks6gq]

​bring back the gold standard

[@ColCurtis]

3:06 The dollars reserve currency status "is a massive tax on producers." Devaluing the currency is a massive tax on anything you own that has value.

[@jiaweike3518]

Don’t worry about a devalued currency. It just gives people a reason and excuse to be more greedy. Which isn’t a necessarily a bad thing. Being greedy simply implies you probably need the money more than people who aren’t greedy.

[@ColCurtis]

@jiaweike3518 I disagree about greed. I believe it is like an addiction, or a compulsion. The most greedy are often people that have enough already.

[@MrRedsjack]

Remove dollar reserve status and devalue it: 1) countries will dump dollars and stop buying US debt. 2) inflation skyrockets as everything that isn't 100% made in the US becomes more expensive 3) since people don't want to lose money they stop buying US debt and try to only redeem it instead 4) US can't offload its debt obligations under those conditions so it loses value in the private/secondary market 5) US can't service its debt so only option is double down and devalue more so that the debt will also get cheaper 6) US dollar loses substantial amounts of value people salaries but much less than before 7) US still too expensive compared to 100 other countries that have still much cheaper labor cost 8) export oriented companies that sell to people paying in other currencies make lots of money. Not too great

[@user-yz8fs5zq6z]

Not too great is an understatement... it's pretty disastrous, would he be actually be able to pass all these policies

[@Joe-ti7qd]

@user hard to say. He seems to control all three branches of government now

[@quillo2]

Well put! Plus the population is addicted to consumption and spending as the govt is. To become a somewhat savings-oriented and export oriented economy will involve a sea change in lifestyle as well. Tough times ahead.

[@entropy8634]

@@quillo2 toughest times to those who voted for him. Statistically speaking. Which is the height of irony 🤣

[@baneofbanes]

@@quillo2we’re never going to become an export economy short of turning America into a third world country.

[@lightmonkey1520]

"Just throw shit at the wall and see what sticks" seems to be Trump's platform because of all these contradictions.

[@chouinardfrancais]

the only thing contradicting itself is this channel...

[@Xanderbelle]

Works for the ketchup

[@yensteel]

Since he will focus a lot on immigration, he will need to spend a lot of money to fix the problem and that will increase US debt. It's hard to increase productivity and cut costs without some significant restructuring.

[@Me-yq1fl]

@@chouinardfrancais Not really.

[@arbalestarethebest7071]

@@chouinardfrancais If Biden wanted this you guys would be screaming bloody murder

[@krisdaschwab912]

If Comrade Cheeto devalues the dollar, I might actually be able to pay off my student loans before I turn 164.

[@wearesebastian]

you'll be earning the same dollars though...

[@endospores]

@@wearesebastian time to acquire a lot of debt.

[@WhichDoctor1]

@@wearesebastian not if it triggers runaway inflation. Then this guy might end up earning $2000 an hour, and then his few hundred thousand of student debt wont seem so hard to pay down after all

[@Me-yq1fl]

@@WhichDoctor1 And also cause mass starvation as no one will be able to eat food. Just file for bankruptcy.

[@krisdaschwab912]

​I don't live in the US anymore. ​@@wearesebastian

[@JvmCassandra]

If only the American elite had been willing to just share a bigger slice of the pie and not be that greedy.

[@Meton2526]

Good god did you ever drink the flavorade.

[@N0n0b0dy]

America elites are greedy? By paying the most in taxes, creating the most jobs and innovating all the cool shit we love like iPhone, cars and Amazon prime ? Yeah we should be more like the pan handlers and drug addicts on the corner who do so much for the country, which Elon and bezo could never do. Genius

[@bereal6590]

That's the god damn truth!

[@mylesbarrett2031]

That's capitalism for you.

[@XYZ-tx9id]

If only people like you, don't live in delusional utopia.

[@ryl4995]

What’s funny is Trump still wants USD to be world’s reserve currency 😂

[@Beresunablle]

Its stability not the price why dollar is the world reserve currency

[@Lucas_Antar]

Economics is not your strength

[@XeNeXX]

that wont change - Chinas economic figures have been inflated by around 25% every year since 1960 - their economy is much smaller / weaker / vulnerable than it seems. Cant use their currency as reserve - India is lol, no - Russias economy is more beaten than ukraine, so no. GBP - No - Euro? Honestly its the most likely of the lot and thats still unlikely. US $ Is in a strong position - even weakening that position doesnt necessarily boost the others currencies out from their 1960's-now lies or full blown war.

[@serebii666]

@@Beresunablle intentionally devaluing the dollar erodes that stability. It's literally the reason why the RMB is not used in any significant amount as a reserve - because of manipulation by the central government to encourage exports.

[@miiiikku]

He also wants US to dump dollar and adopt BTC. Rest of the world should still use dollar, like would do it.

[@IndiaTides]

You cannot compete with China because Chinese labour cost is very low compared to Americans. No matter what Americans want. The market will not allow their reindustrialisation.

[@ricardomadleno564]

Mate with AI development, machines will make much more than humans and be much less expensive than humans that is how the world is developing. Chinese overpopulation and work/slavery enforcement of its own citizens for profits will become useless.

[@angelmonroy3012]

unless you cause deflation and tank the average americans standard of living at the same time that is 😹

[@vatsalsharma4061]

but can shift to india for supplies

[@IndiaTides]

@@vatsalsharma4061 Yeah, we can provide cheap labour. Americans cannot compete in that regard. That is the point. We are improving our infrastructure and deregulating the economy. It is still long way to go. In India, reforms are very hard because entrenched interests.

[@mihiec]

You have no factories in usa... compare to China

[@AH-video]

considering he has managed to devalue everything he has ever touched so I'm liking his chances

[@user-yz8fs5zq6z]

HAHAHAHA WHAT

[@dinamosflams]

​@@user-yz8fs5zq6zHe managed to break a cassino

[@guydreamr]

The reverse Uno Midas card

[@cosmedelustrac5842]

Speaking of this, is Milei still planning on using the dollar as Argentina's currency ?

[@thespanishinquisition4078]

Apparently lmao

[@TheIrishny]

Long term plan, yes.

[@kelvindoang1228]

I mean country like that probably alteady use dollar as daily currency. Thanks to leftwing goverment 😂

[@user-yz8fs5zq6z]

Wouldn't that ruin his plan?(Milei's)?

[@storminnordman9596]

@@user-yz8fs5zq6zhe ruined his own plan by being crazy

[@Jin420]

He's going to destroy everything like he's done all of his life..

[@MessedUpGaming]

Sounds terrible for anyone that wants to buy a house

[@BlueFrenzy]

But it's perfect for all those property owners who are having mortgages and will rent them for more money as inflation surges.

[@f.b.l.9813]

sounds terrible for anyone who isn't Trump and his rich friends

[@teytreet7358]

Weaker dollar means less American tourists in Japan. Yay!

[@Joe-ti7qd]

Marco polo syndrome much?

[@SteelBand17]

As asian, we understand and approve this.

[@Spiral.Dynamics]

Lol it’s all about you.

[@shefk7325]

No more johnny somali types n japan and korea woohoo.

[@sparks1792]

You comment on Americans a lot

[@Eggmancan]

America's political obsession with bringing back manufacturing is crazy. Even if they did lower the value of the dollar, it's not like there is a massive population of cheap, unskilled labor to compete with manufacturing powerhouses like China. America really needs to lean into its service and educated industries, things like tech, finance, pharmaceuticals, higher education, etc. That's what keeps it so rich today, and abandoning those sectors for manufacturing is idiotic.

[@bchristian85]

Most Americans think it's the 1950s. There's pretty much no hope for the future because very few people in this country will embrace the modern era.

[@JosephSolisAlcaydeAlberici]

Because America is a geographically and demographically huge country where it is too big to function as a service-driven economy with an anti-intellectual tradition so bringing back manufacturing does make sense from the cultural and geopolitical standpoints.

[@Frankthetank302]

Probably is those areas have such a high upfront cost to get into those fields the normal american cant or they have to take a boat load of loan out to do it and risk the failure of being stuck with life ending loans essentially

[@Frankthetank302]

​@@JosephSolisAlcaydeAlbericitruth right here. We need to stop being so reliant on the everyday things from outside sources this will only kick a snowball around further till it eventually grows so big and falls off the cliff to.squash the town under neath if we don't try and become more self reliant atleast to a degree

[@User122-ty]

That's only the way dumb MAGA thinks

[@Dlmc85]

For Italy, devaueating the currency quickly became a drug and an escuse for enterprises NOT to invest in new processees or machinery anymore and basically led to the actual state of the economy with the loss of most of big corporations save a few and with 98.7% of firms having less than 10 employees.

[@pedanticchicken2117]

Italy is probably the single worst economy to ever compare the US to

[@Pho-KingSoupTonechasr]

So the incoming admin wants Americans to be factory workers instead of engineers.

[@joelimbergamo639]

Trump has based all his campaign on academics beeing stupid and wrong, so its no surprising he hates them

[@bchristian85]

Most Americans still think with a 1950s mindset. America will never recover from this because trying to recreate the 1950s in the 2020s is going to make the US not competitive on the world stage.

[@linuxman7777]

You can have both in an economy. The US, Japan and China have economies diverse enough for both

[@kronos7110]

@@linuxman7777 But trump simply is not competent enough to accomplish that.

[@linuxman7777]

@@kronos7110 I mean, he did already have 4 years where I worked as an Engineer, and some of my other family members worked in the factories. Please bot, stop with the Tds.

[@ad_astra468]

So Americans are in for a rough four years, between budget cuts which will cause an economic slowdown and currency devaluations which will cause inflation their purchasing power will go down.

[@thespanishinquisition4078]

>ultrahigh tariffs >debased currency >dismantling public services Yeah "rough" is certainly a kind way to put what the next 4 years are gonna look like lmao.

[@finishednebula8460]

Don't forget the mass deportation which will cause a massive increase of debt and overall higher prices of food due to low to no workforce on farms

[@OAlem]

Robots ​@@finishednebula8460

[@SelfProclaimedEmperor]

Most of them are, But I'm not. I'm putting all my money in gold.

[@ad_astra468]

Frankly I’ll believe that Trump will do mass deportations when I see it, many right wing leaders have boasted about deporting illegal immigrants during elections and then did not manage to do it. Unless you do it the Pakistan way deporting people is an extremely complicated and lengthy process.

[@michael_swardh]

Let's make the US dollar like the Zimbabwe dollar 😂😂😂

[@fr2ncm9]

I wouldn't put it past him. He doesn't care about anything or anybody except himself. By extension, he doesn't care how badly the rest of America is, so long as he profits.

[@seanthe100]

Y'all are wild considering the exact opposite is currently happening 😂😂😂 the USD crushing every currency right now foreign money is flooding into the US.

[@Rocklahaulle]

extra orange thumbnail 💀

[@gdlghdghslghsdghksdghk]

so he wants to destroy power of dollar and make everyone distance itself from dollar to other currencies 😂

[@idkwhattonamemyaccount4161]

That’s not how that works

[@gdlghdghslghsdghksdghk]

​@@idkwhattonamemyaccount4161Because of how intertwined the world economy is, changes in the value of the dollar would have an effect on worldwide trade, investments and financial stability. The abrupt decrease in the value of the dollar could result in inflationary pressures that would impact both domestic and international markets.

[@stereomachine]

@@idkwhattonamemyaccount4161 That is how it works lol. You're just defensive over your precious billionaire politician

[@idkwhattonamemyaccount4161]

@@gdlghdghslghsdghksdghk yes that is true but they won’t switch currencies as there is nothing to switch to

[@СнежныйДжони]

Yeah this is literally russian and Chinese agenda in their chase of world domination.

[@lorisuprifranz]

Would you look at that: Daddy Putin's wildest dreams are all becoming a reality under the orange traitor

[@BionikleFG]

I’m so nihilistic that I’m just grabbing the popcorn to watch the catastrophe at this point.

[@twicethegalo]

how will you afford the popcorn

[@JSM-bb80u]

American neo colonialism is going to crumble under Trump just like European colonialism ended due to Hitler.

[@user-yz8fs5zq6z]

Le popcorn:250k 🍿

[@BionikleFG]

@@twicethegalo excellent question and one I do not currently have an answer for

[@Grimx0000]

​@@BionikleFG Ya better start stockpiling popcorn

[@AaronOkeanos]

America wants to sell ... okay. But why has it to be abroad? Have they ever considered that internal consumption can stabilize you much more? What do you have to do for that? ... Ah well ... raise the wages so more can be consumed. But they also don't want to do that. I don't see "America first" here only "Pocket first" maximize the profit margin while impover the own population. In other words ... economic self-destruction leading ultimativly to societies self-destruction.

[@joshua43214]

Why is the only answer to raise wages? What if something really simple, like policies that reduce energy costs so the cost of everything goes down. Or removing parasitic regulations that inhibit competition and reduces costs. Could one perhaps remove millions of workers that are indentured servants to the cartels? Would that make up for not increasing wages?

[@AaronOkeanos]

@@joshua43214 Efficiency and productivity are already maxed out. It is time to optimize the consuming side.

[@entropy8634]

⁠​⁠@@joshua43214energy cost can be reduced by investing in alternative energy sources, making US more resistant to global commodity markets like oil and gas. Trump wanted to do the exact opposite. Removing millions of able body workers decrease the supply of everything. Food, houses, groceries. Less supply= high prices. How will people afford anything without wage increases? Devaluing the dollar and tariffs increase inflations and feds have to respond with higher interest rates to control prices. These lead to mass layoffs to several sectors. Every part of Trump Econ policy will hurt you. It will hurt all of you

[@joshua43214]

@@entropy8634 Where does the money for investing in alternative energy come from? Does adding a layer of government into the investment really reduce investment cost? Is it really competitive? Where did we get the cheap labor you are so worried about before we let millions into the country illegally? Where prices higher then? What was the burden on our infrastructure higher or lower when we imported temporary labor for particular projects? Did those lower infrastructure burdens increase of decrease our quality of life. Did those lower costs reduce or increase our cost of living? Do heavy import tariffs really increase our cost of living, or our cost of wanting? Are those costs balanced by lower overall costs of cheaper energy? Lower taxes? Will those tariffs affect rent, energy, food prices? Would you feel more inclined to hang onto your single-serving iPhone if it cost more? Would that make you a Greener person? Would paying more for batteries mined in places that are environmentally responsible make you inclined to be less wasteful? Would the world as a whole be a better place with less industrial waste a less slave labor? Would you be a better person for supporting this?

[@joshua43214]

@@AaronOkeanos I agree about optimizing consumption. Do not forget the 3 "R"s. REDUCE, reuse, recycle - in that order. Just say no to single-serving iPhones made by slave labor and no right to repair

[@LosRikos]

We dont all want to just go back to the factories like its the 50s, which ironically was cleaner then even without regulation because of all the plastics in everything nowadays. How many 20 or 30 year olds do you know would sign up if thry knew theyd be breathing in and dealing with microplastics and other so called dirty factory work?? Not many people. Im 30, everyone my age or younger want to work nice university degree required jobs. Im not talking 100 % of americans but we will never compete with china on such a scale. We need to continue to focus on high tech!

[@olive-robin]

I'm not against factory work so much as the exploitation. Working yourself half to death just to be unable to afford the thing you just made would drive me nuts. Not to mention all the stories about amazon workers having to piss in bottles and the likes.

[@Dividing-u3r]

AND, its not the factory jobs that makes money. its the jobs that requires a degree. Engineering, doctor, tech. Thats the shit that makes money. and on a national level. Making plastic toys and shit is not making money. its the tech. like Nvidia is worth 4 trillion.

[@LosRikos]

Exactly. My point is that people are not aspiring to work 6 day weeks at the plastics faxtory down the road, and if they were its only because the pay and benefits are _SO GREAT ITS UNREAL_ aka wouldnt happen. We cannot out compete china with the low wage slave labor the CCP is willing to do to their own citizens. Thry are a total export economy. There's no reason to fight china, let them produce our cheap shit while we monopolize all the super high tech stuff that they HAVE to buy our tech in return. Sure the trade deficit is there, it will always be there, we're a consumer driven country. China keeps their population in check in such a way that the USA just cant do as a free republic. Im cool with that, we got real rights, how many people are trying to move to the US as compared to literally any middle income or developing country. We got em beat, let them have their niche of inaane productivity. We have the culture, the tech, the concentrated wealth.

[@claireNymans]

"Man, Trump talking about devaluing the dollar while I’m here with $167k chilling in my emergency fund, finally ready to make it work for me. This video has me thinking, should I ride the wave or just dive into index funds like everyone says? I’m trying to make moves, but not stupid moves, you know? Open to suggestions, y’all!"

[@NancyFranciss]

Nice stash, bro! Honestly, jumping in without a plan is how money disappears. I started with a decent emergency fund too, but the real game-changer for me was getting a financial advisor. Mine mapped out a strategy, and now I’m laughing all the way to quarterly gains. Just saying, maybe look into that before winging it.

[@VeronicaOlivers]

Totally agree about needing an advisor. I’m sitting on some cash myself, but finding a good advisor feels like hunting for a unicorn. Where do you even start? Feels like every ‘expert’ has an angle. Any tips?

[@NancyFranciss]

"There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘Linda Aretha Reeves’ for some years now, and her performance has been consistently impressive. She’s known in her field, look her up."

[@claireNymans]

"Checked out Linda Aretha Reeves, and wow-she seems like exactly what I need to get my finances in gear. Appreciate the recommendation!"

[@blissds-gi3mb]

Watched Linda Aretha at a Bloomberg finance summit four years ago, and her insights were on another level! Glad to hear she’s still crushing it!

[@malegria9641]

“I voted for him for his economic policies” Literally every economist on earth disagrees with this man

[@daniel117100]

Probably because going through university as not a leftist is hell

[@rwall514]

@@daniel117100 Pretty much every Economics department is right-wing as a rule. They only teach Communism and Socialism in passing, as an absurd thing to laugh at with maybe one good idea that was quickly absorbed into the orthodox (That being the idea of business cycles existing at all). I can feel myself becoming more centrist with every semester I find myself in this program. You think economists, whose entire job is predicated on our modern capitalist system, are a bunch of left-wing radicals who want socialism? Please.

[@loudwatersrunshallow]

@@daniel117100 the Left will always be better at education, so long as conservatives are beholden to religious fundamentalism. If y’all would be willing to pursue a more secular path, you’d enjoy a lot more legitimacy. But since you prefer superstition, no one is going to take your intellect seriously. Sorry.

[@geofflepper3207]

The same MAGA cult members who haven't believed anything health scientists have said about the covid pandemic, who don't believe anything that climate scientists say about climate change, who don't believe what scientists say about the age of the universe, who don't believe what scientists say about the complexity of gender and sexuality, who don't believe what crime experts say about the danger of having a gun in the house and who in many cases don't believe what scientists and engineers say about Apollo astronauts going to the moon. It's a cult of intentional ignorance.

[@velelimaka9040]

well, Trump voter see economist is part of deep state

[@JoshMathewsofficial]

Being from the UK and doing business with Americans a weakened dollar would be great.

[@Joe-ti7qd]

BoE will follow the fed.

[@Lando-kx6so]

​@@Joe-ti7qd probably not with this

[@BlueFrenzy]

That's before the tariffs. Any benefit from a weaker currency goes away when you have to increase the prices for the tarriffs. Yet, the real victims are going to be americans. They will have their salaries devaluated and have to pay for the tariffs, which will rise since they are proportional to thep rice.

[@NederlandsTransatlanticus]

Trump wants to get rid of Keir Starmer, get the Tories back into power and turn the UK into a Tory dictatorship. Also, the US wants like 10-20% import tariffs against everyone, including the UK. So going on holiday and buying from Amazon would become more affordable, but for the rest Trump would be disastrous for the British economy. What isn't great either for the British economy is Western EU countries turning Russian fascist/Ruscist. Especially if the US becomes isolationist and closes the door to European exporters. It truly is the era of disappointment, cynism and people playing the blame game rather than solve their own business.

[@empireone450]

Ah, the classic British understatement! "Agreeing on a currency deal with China might be 'a bit challenging.' " One might as well wait for permanent peace in Gaza and the West Bank before even dreaming of a framework outline

[@user-yz8fs5zq6z]

That's a dark joke....nice.

[@SusCalvin]

Right now I'm a bit afraid the USA could give China something else they covet.

[@89RASMUS]

Honestly, at this point I wouldn't be surprised at all if he'd adopt Robux as the US official currency. 😂

[@moyo2850]

Devalue???? Call it what it is, inflation

[@Biglab420]

We got an economist over here, it's devaluation.

[@moyo2850]

@@Biglab420 so your saying the dollar will have less value? So the dollar can buy less stuff, we have a word for that it's called inflation

[@Biglab420]

@@moyo2850 Inflation and devaluation, feel similar but are technically different. Inflation is more about money supply and demand while literal devaluation is more linked to the currencies value/purchasing power compared to foreign currencies. Despite all the inflation The Mighty Dollar is still roughly the same value as a Euro.

[@willy4170]

@@Biglab420quit the mental gymnastics and admit it bro.

[@Biglab420]

@@willy4170 admit what? Devaluation and inflation are two different things?

[@youtubeurevil]

Great it will be cheap to not to go on Holiday In the USA !

[@honeycomblord9384]

Gonna have to save up a good while longer for that trip to Europe

[@evangiles4403]

Why do you think most Australians holiday overseas particularly in the Asian countries I'll give you a clue - COST

[@СнежныйДжони]

Because he is a moron

[@entropy8634]

And so was everyone who voted for him

[@honeycomblord9384]

Morally bankruptcy creating financial bankruptcy

[@Skindiver986]

Democrats lost so badly. You People are in total denial. Joe Biden was the most disastrous president in modern history.

[@butthebitebitbit]

I am NOT! A MORON! Could a MORON PUNCH! YOU! INTO! THIS! PIT? Huh? Could a moron do THAT?

[@williamalfonso1373]

@@entropy8634 I have literally seen someone post on Instagram "I dont care if groceries are $400, as long as he says it as it is"

[@getnohappy]

It's going to be fun seeing what happens when you put the avatar of the pub know-nothing know-it-all in complete control of the world's most powerful country

[@kraya6740]

He doesn't need to have economic knowledge, his staff and advisors need to be experts in that field, and they are.

[@kronos7110]

@@kraya6740 Like Matt Gaetz? Doctor Oz? RFK J? Let's not kid ourselves, he only picked yes men.

[@kraya6740]

@@kronos7110 They all have better knowledge in their fields than Trump, so what is the problem in choosing these people? His crew is far more diverse and competent than the counterpart, and that is one big factor in his win (since people really disliked Trump as a person). Just think about this, they won in a landslide even tho the front man is really really disliked by lots of people.

[@patriot9487]

@@kronos7110 Kennedy is more qualified to do the job Trump chose for him, than you will ever be qualified for anything.

[@kronos7110]

@@kraya6740 That's really your bar? A child has better knowledge and understanding than him, it's not exactly a high bar, man. Democrats could do it with actual competence (hate them or love them, they can)... but regretably that is not the party policy. For now.

[@eversor10]

America is talking about stop being reserve currency? What that would end the american empire

[@Joe-ti7qd]

America isn't an empire.

[@eversor10]

@Joe-ti7qd Hegemony then but people dont understand that term

[@pjbrown4736]

​@Joe-ti7qd where have you been?

[@bchristian85]

Most Americans believe the country needs punishment for legalizing same-sex marriage.

[@mylesbarrett2031]

@@Joe-ti7qd then why does it have military bases across the whole damn planet?

[@antoniokrizmanic8389]

Yeah dude, lower the dollar value, working class will benefit :)

[@Wtermeløn-m4x]

Deadass learned about weak/strong money yesterday lol

[@pandaofsam]

Firstly, I don't think he can make it happened, and if he really made it, I think his head would be holded on the gate of white house in a month.

[@williamdaniels9728]

No one wants to buy our products because they are too expensive? Even the US citizens don't want to buy our own products because they are too expensive. If we could buy Chinese cars we would. There are so many taxes, regulations, and costs so high that virtually everyone is reaching into our pockets on a daily basis. We are the most taxed country in the world. Devaluing the dollar will just hurt lower income Americans. This guy talks out of both sides of his mouth. Who are we going to sell our exports to in a shrinking global market with companies paying even higher tariff costs? And with China's manufacturing overcapacity & technological prowess dominating the rest of the world as a much cheaper alternative? The G7, and West has greatly overestimated their global influence and errored in underestimating BRICS capacity to compete at a level that threatens US hegemony. De-industrialization in the US was pushed by capitalists back in 70's & 80's & 90's because they wanted CHEAPER products. They sold out our industries to have cheaper goods and there is no bringing those industries back.

[@jovemgafanhoto4512]

In Brazil we can already see a massive amount of chinese EVs, pretty rare to see a Tesla, no one is willing to pay double the price for an american product.

[@williamdaniels9728]

@jovemgafanhoto4512 Exactly my point. Trump and many of the neo-cons believe forcing the rest of the world to pay even MORE for our already expensive products is somehow going to "force" or compete in an enviroment where there are cheaper & better options not just from China but worldwide is so dense & foolish I don't even know where to begin. It's not reading the temp of the room. The only thing the US exports these days is DEBT (bonds) & Hollywood entertainment. These type of decisions will only make inflation skyrocket which won't affect the ultra rich in our country one bit as they share a laugh over Champagne & caviar. It's easy to see how they could be so far removed not to SEE this reality. I'm ashamed our foreign policy has been all carrot & stick for the last 50 years has achieved nothing but countless dead around the world for us to only lose in the end. We aren't isolating ourselves, we alienated ourselves with our own actions. What a disgrace. We are collapsing like the Soviet union did but just much slower decay.

[@JB-yb4wn]

By the way, what Trump doesn't understand, as what happened in 1929, other countries can build a tariff wall against the US, limiting the markets they have access to. Should Trump unilaterally build a tariff wall, other countries will trade more with eachother and make economic trade blocs that will exclude the US. No economy is an island.

[@xantiom]

So make America great again meant, make America as cheap as China to become competitive for exports? Rofl He goes like this and he will "make America competitive with Ghana"

[@bchristian85]

The people will eat it up as long as he bans gay characters in TV and movies.

[@vtd-dd7zy]

@bchristian85 what have gay people done to you that makes spending your time putting loads of hate comments about them

[@bchristian85]

@@vtd-dd7zy It's not me. It's Trump voters. What have gay people done to them that they think burning the constitution is worth it?

[@JB-yb4wn]

@@vtd-dd7zy You obviously don't get the joke. Must be MAGA.

[@relaxedsack1263]

god we are going down a bad timeline can any trumper tell me why this is good.

[@tatianastarcic]

If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get out of debt. make regular investments be debt free and financially stable

[@JohnSmith060]

Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@nicolasbenson009]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $317k to $850k.

[@SandraDave.]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@nicolasbenson009]

“ Sophia Maurine Lanting is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

[@sharonwinson-m8g]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@hardcore476]

Unfortunately it's not up to us in the United States. It's up to the world because they use it as backing for their currencies when trading with one another. Example being if you want to buy something in Europe from India. It goes Ruby's US daller Euro in that order

[@JB-yb4wn]

Yeah rubies, sapphires, emeralds. Rupees, brain trust.

[@Tea_N_Crumpets]

"We're gonna fix inflation and food prices!" "Let's devalue the currency and reduce american's purchasing power!" I hope the US is happy with their orange, because most of everyone else is worried for you...

[@baneofbanes]

Don’t worry they’ll just blame democrats or gays or Mexicans or something.

[@user-th1pv6ks5o]

NOOOOOOO HELLPPPPPPPPP

[@geofflepper3207]

​@@user-th1pv6ks5o In a couple of years you may have a phone call in which the emergency operator on the other end of the line frantically says, "We've traced the phone line and the dangerous criminal is in the White House. You need to get out of the country now. GO! GO! GO? GET GOING!". A scary thought. The worst horror movie ever.

[@OAlem]

Because that's what Putin wants him to do.

[@SpazzyMcGee1337]

He's really leaning into his Siberian candidate status.

[@winstonhermann3244]

“Devalue the dollar” - inflation

[@JB-yb4wn]

No, devaluing is decreasing the demand for your currency, making it worth less because of what other nations perceive the value of your currency is based on what they can get for it or if other countries will accept your currency for trade transactions. Inflation is making your currency worth less by printing so much of it that it is essentially worthless. Inflation is one way a currency can get devalued, another way is that your country doesn't make things that people need, or they make it at a price that nobody wants to pay.

[@AA-ux6gg]

Considering that the Plaza Accord triggered Japan’s economic bubble collapse and the Lost Decade, it is hard to imagine that China would make the same mistake.

[@Lando-kx6so]

They won't

[@p_1945]

China won't do that, and they have rare earth as hostage so it end up as MAD unlike plaza accord.

[@SoulDuckling126]

Yeah, and that nation hasn't recovered from that for few decades.

[@williamalfonso1373]

China already started making mistakes, look at their housing bubble.

[@nixpkwy]

He can either keep the dollar as reserve and preserve American hegemony OR devalue the dollar. He cannot do both.

[@JB-yb4wn]

He doesn't decide to keep the dollar as a reserve currency, other countries do. If they think that Trump will devalue or inflate the dollar, those other countries will dump the US currency and it will no longer be needed as a reserve currency.

[@gorkemvids4839]

Wow, this is beyond stupid.

[@Siethon1]

Time for us to f around and find out!

[@Yasinburak1992]

My family left Turkey in the late 90s cause of inflation just for inflation to come here. We are screwed

[@JuanMartinez-xf3uz]

Retaliatory tarrifs would mean higher prices for imported raw materials used in "American" manufacturing. Imports in general would become prohibitively expensive if the dollar were to become weaker. If he succeeds in devaluing the currency, it will be due to his mismanagement of the economy.

[@zzexp]

Lowering dollar strength fuels BTC surge.

[@chezmanbreeeds521]

diamond hands

[@N0n0b0dy]

Comment section full of PHDs from the university of KZbin economics on their way to tell us why this is bad

[@JB-yb4wn]

Because those PHD's are correct. I have a mere Masters in Economics and there are plenty of econometrics that say Trump's policy will devastate the economy. Though I think he wants to devalue the currency so that his huge loans can be paid back in worthless currency.

[@ppckrtt]

As long as the US is import dependant, a weaker USD is not the smartest idea. US products are not bought internationally not only because of their price. Often their quality is poorer than their competitors', and more often than not, small businesses do not export.

[@pedanticchicken2117]

Bruh the primary way for a nation to become an exporting nation is to weaken your currency. Every single thing you are saying is exactly because the dollar isn't weak.

[@AloisAgos]

The contrarian policies are making my head spin here...

[@ahmedharajli189]

“We’re going to be winning too much”

[@mathewferstl7042]

wants to cut interest rates... complains about inflation. How do they keep getting away with this??

[@77Arbiter77]

Politicians thinking they are economists are like farmers thinking they are brain surgeons, just not the case. Prepare for tough times if they move to devalue, like with Argentina at 50% poverty.

[@Bleilock1]

Both trump and milei are economists turned into politicians so you kinda contradict yourself Economist just means follower of capitalist religion When you learn that one day you will be liberated

[@baneofbanes]

@@Bleilock1trump is a business man, not an economist. Enjoy your inflation.

[@user-th1pv6ks5o]

I mean Trump loves Millie so....

[@condotiere]

that's so dumb. Just price things cheaper, or create a lateral unit. Devaluing the dollar is nuking home to kill a fly.

[@honkhonk8009]

I think its a normative statement. Hes not entirely serious about it. Hes not entirely serious about anything. Usually what drumpf does, is he comes up with a "list of wants" and then has qualified people review it over. Alot of politicians do that, but unlike drumpf, most politicians do it before they publicly announce it

[@Meton2526]

Or get the government completely out of it, and return to free market free trade laissez-faire capitalist principles.

[@RinsedCheeks]

This will definitely NOT be biased...

[@tedarcher9120]

He doesn't need to make dollar weaker. He can make it effectively weaker by imposing tariffs on industrial goods

[@sathvikraomp2006]

trump speaks a lot of $hit in rallies. We must focus on his actions rather than his word. Ain't no way he's gonna impose broad tariffs on every imported goods. Do you think his buddies in tech like Elon musk, Peter thiel etc, who are very much reliant on china are gonna allow him to do that?. what he'll do instead is impose retaliatory tariffs on countries that have tariffs on american goods like he did in his first term. Tbh he is right in this. Plenty of countries around the world have access to american market to sell their goods. But have closed off their domestic markets to american companies and goods. Trump wants to correct this lopsided arrangement and he is totally right in this.

[@Brained05]

@@sathvikraomp2006 "what he'll do instead is impose retaliatory tariffs on countries that have tariffs on american goods like he did in his first term." That's not all he did in his first term. There are cases where he simply added tariffs and justified them by using various excuses, for example his steel and aluminum tarifs.

[@sathvikraomp2006]

@Brained05 Steel and Aluminium are very important for the economy. You don't want to be relying on china for those. It always make sense to have strategically important goods produced domestically. Just like how biden did it with chips act for the manufacturing of semiconductors. It's probably way cheaper to just keep importing them from Taiwan and china. Despite that biden used billions of dollars of tax money to subsidize chips companies to setup manufacturing in US. Why because it's a critical good for the economy. Same thing trump did with Steel and Aluminium.

[@Brained05]

@@sathvikraomp2006 I was referring to Trump's 2020 tariffs on Canadian produced steel and aluminum among other tariffs he placed on allied countries.

[@davianoinglesias5030]

Devaluing the dollar will mean lower interest rates and that will push away foreign investments

[@707upsidedown]

I wonder if the rate of inflation will match the previous 4, 8, 12, and 16 years. 🤔 Adjusted for global economic phenomenon ofc

[@JB-yb4wn]

Now are we talking about super duper inflation like Zimbabwe, or just super inflation like Argentina? Hmm. 🤔

[@minanovkiril]

paying 100 dollars for breakfast for 2 for eggs and salad and bread, coffee and sth sweet is nuts. that costs 10 dollars

[@JB-yb4wn]

Used to be a quarter back in the day.

[@iliketowatchutoob]

Not mentioned in the video, but Trump's pro cryptocurrency policies could also devalue the dollar.

[@SusCalvin]

I think crypto is important for a very small group of essentially speculators.

[@wiskasIO]

It's not gonna work. We're cooked.

[@hildegunstvonmythenmetz6095]

Devaluing the Dollar? Didn‘t he run on *less* inflation?

[@baneofbanes]

Yah but all of his policies will increase inflation.

[@isaiahGere]

That’s gonna cause inflation

[@roxanereddy2471]

He doesn't value anything, he as claimed bankruptcy 6 times. Committed fraud.

[@Frankthetank302]

Buisness he was apart of claimed bankruptcy theres a big difference and also that's very small amount for the successses he has a businessman. Ppl say he's a failed buisnessmen.. you have to fail a few times to succeed at everything in life. and if anyone multi tier business man has never failed is insane and those ppl will.probably never have anything then a low risk no reward type of life not worth much to anyone or anything.

[@user-yz8fs5zq6z]

@Frankthetank302 cope and also is his 4000 lawsuits also a part of a businessman's experience? I really doubt a good businessman would fail THAT BAD lmao

[@pedanticchicken2117]

@@user-yz8fs5zq6z You know like every major business is sued like on a daily basis, right? It's hilarious how you say he is a fail businessman yet he has increased his wealth since he inherited his fathers businesses and is wealthier that the overwhelming majority of business owners. Very few on this planet are richer than Trump. So cope lol

[@edezigner]

Um...did anyone tell them that high inflation causes a weaker dollar? How is that going for the economy?

[@denispaiement8265]

Who wants a ‘weak’ reserve currency? Every one will dump the dollar 💵. Build quality products, the US economy will grow!

[@Joe-ti7qd]

Doesn't matter what we make. We can't compete and won't. We are a consumer debtor nation and will be for generations to come.

[@baneofbanes]

@@Joe-ti7qdespecially under trump.

[@JB-yb4wn]

@@Joe-ti7qd Make some of the best automation machinery around. No human can beat robots.

[@olegstens7734]

Isn’t a weaker dollar literally the definition of inflation… you know… the thing we were all outraged against

[@Talisguy]

Because he's clueless. That's the real answer to most of these "why does Trump want x" videos.

[@ryanfraser167]

Too simplistic

[@yung_j1146]

😂😂😂😂

[@idkwhattonamemyaccount4161]

You’re obviously clueless about economics if you think that

[@Talisguy]

​@@idkwhattonamemyaccount4161 I think J.D. Vance might have economic reasons for wanting to devalue the dollar, but even if this turns out to be a good move I don't trust that Trump wants it for sensible reasons. He's usually only right by accident.

[@DennyDormant]

Yep. Not a clue of what he talks about at all. Wish we could hear more details from this dummy but nobody gives him push back ever.

[@chuckery5177]

Wouldn’t reducing government spending decrease the money supply as more people start saving?

[@lordrefrigeratorintercoole288]

but the USA owes money to countries like China, India and the EU. if he devalue the Dollar, its going to be even harder to pay back the debt... Wow, genius move mr drump.

[@PeperazziTube]

The plan is to not pay the debt.

[@reaperz5677]

​@@PeperazziTubeThen what the fuck is the "plan" because that's the only plausible thing you could do in this scenario. You people have no "plan", you just pretend to have one. Fake it till you make it, and if "making it" means crashing the U.S. economy (and then probably blaming Democrats for it, somehow) along the way, then that's a price Donald Trump and the Republican party are willing to pay.

[@JB-yb4wn]

Nope, because the debt is denominated in US dollars. If you borrowed a million dollars x years ago at say 5% interest rate, you can pay it back with useless currency when a million dollars may buy you a tank of gas. Governments have been doing this for decades, paying back debts in increasingly worthless fiat currency.

[@SusCalvin]

​@@JB-yb4wnIt would make buying future US debt a lot riskier. Early modern period and medieval crowns used to just cancel their own debts now and then.

[@JB-yb4wn]

@SusCalvin And therein lies the problem.

[@connorferguson2269]

money printing can devalue it

[@SusCalvin]

Then the president would need to assume political control of the fed.

[@sampicano]

Putin is the 47th President of the United States Can Putin devalue the dollar? Yes it would benefit Russia.

[@JB-yb4wn]

How would it benefit Russia? The US does like zero trade with these guys.

[@sampicano]

​@@JB-yb4wn The United States and Russia were engaged in a Cold War from 1949 until 1991 when the USSR disintegrated, due to competition with the US capitalist system... Since the 2008 invasion of Georgia, Russia has been engaged in hostile actions towards neighboring nations, as well as towards former Soviet Republics. It has led to a second Cold War between the United States and Russia, that is going on currently. So how would devaluing the capitalist system that directly led to the disintegration of your former country benefit Russia? How are you a superpower if you have no more money to feed your people? No money to maintain your nukes? No money to build more nukes? No money to maintain your military? Use some common sense. The US crippled the Russian economy and the Russian military can't compete with US weapons, crippling the AMERICAN ECONOMY so they can no longer be the world super power makes perfect sense.

[@JB-yb4wn]

@@sampicano Yes, but the Russian economy was crippled because of oil sanctions. But you haven't answered how the Russians crippled the US economy, because they haven't.

[@pedanticchicken2117]

@@sampicano This has to be the dumbest comment I've ever seen. The USSR didn't fail due to American capitalism, it failed because they completely mismanaged their economy, legit had nothing to do with the US. Your comment about hostile actions is just dumb, again, nothing to do with America. There is no second cold war LOL. Russia isn't a near peer of the US on a military or economic scale. China sure, but Russia? HAHAHAHAHA The rest of this is just dumb, the value of a currency has nothing to do with maintaining a military. The Japanese yen is worth shit, yet they have one of the most powerful militaries in the world, plus their economy is pretty decent given their situation. Please open an intro to macro and intro to micro book before ever making a comment like this. Oh and on your last point, DEVALUING A CURRENCY DOES NOT MEAN AN ECONOMY IS SHIT. THE UK ECONOMY IS SHIT AND GUESS WHAT, THE POUND IS STRONGER THAN THE DOLLAR

[@SusCalvin]

​@@sampicanoThe Soviet sphere did not compete directly. It was like a parallell system outside direct competition with NATO. Cuba lived on exports to other Pact nations. There was no Sears or IKEA in Moscow. This only changed with the fall of the Soviet Union, as Russia and it's satellites opened up. China started to open in '70 and onwards.

[@davideliasruizsantodomingo2906]

If only existed a decentralized currency that everybody could use as reserved currency without the negative impact on local industry. Wait isn't that Bitcoin?! :0

[@hertzollner]

The people deserve what they elect!

[@Felled-angel]

I was born in the early 90s and i remember you could get a can of coke a mars bar a bag of walkers crisps for £1 but today thats around £3 Money is for poor people gold and assets are what you want.

[@michaelschiemer3]

The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. It is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into it.. My two cents.

[@Pconradsmith]

Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

[@Olsontim21]

I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now .

[@Aarrenrhonda3]

Hello, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

[@Olsontim21]

Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Aarrenrhonda3]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@Ramschat]

Cost of living crisis 2: Trump Boogaloo

[@pancakingon]

And Americans voted for this guy because of the economy! 😆😆😆

[@JoelSam]

This will be terrific for Ghana!!!🤣🤣

[@PremSteve-yg4de]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@belobelonce35]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@dengdelun3109]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Tanner-c2m]

Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?

[@JB-yb4wn]

Yes, illicit pharmaceutical products are always in demand and usually outstrip any returns you may get on the stock market.

[@dengdelun3109]

'Rebecca Nassar Dunne’ is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@boredphysicist]

How about just building up US infrastructure and baseload power, thatll do more for the industrial sector than a cheaper dollar. Cheap energy and hyperefficient supply chains would render Chinas cheaper labour redundant. The US can simply automate its way to cost competetive.

[@JB-yb4wn]

So would mass automation, wouldn't need pesky workers who take up valuable factory space.

[@boredphysicist]

@@JB-yb4wn Mass automation needs expensive infrastructure and cheap energy though. These points arent mutually exclusive.

[@JB-yb4wn]

@@boredphysicist The US has capital and cheap energy and the will to use them to increase profits at the expense of their employees.

[@boredphysicist]

@@JB-yb4wn Listen someone has to suffer from automation for a couple years, its growing pains. Question is would you rather China (the largest authoritarian regime in the world, who is currently commiting genocide) become global hegemon, or the US (a democracy, albeit with a shitty past and idiots for leader)

[@interpol9871]

All are signs for hyperinflation

[@reaperz5677]

Unironically this. Deportations (meaning the shadow economy gets fucked/a labour shortage), tax cuts for the rich, tariffs on EVERYTHING, devaluing the dollar for... whatever reason: all of this is just random bullshit with no thought or cohesion at ALL. The incompetency is staggering, but the fact that 50+% of the population voted for this idiot, without even knowing WHAT he was offering as "economic policy" is just... fucking scary. He could've promised to nuke China and people would've still voted for him. It's fucking crazy.

[@JB-yb4wn]

Will it be an Argentinian hyperinflation or a full blown Zimbabwe one? The exciting times we live in.

[@interpol9871]

@ Agree, people made a stupid choice, let them learn

[@generico896]

It's interesting how some newly graduated internet people think they're smarter than a commission with the best specialists in the world...

[@user-yz8fs5zq6z]

🤓 ok mr.know it all ,then would you like to explain everything? Triggered?

[@joelimbergamo639]

No, but the best specialist in the world arent in Trumps comission, they are warning that his plans are bad

[@SoulDuckling126]

Commission chosen by their ideological alignment? Of their partisanship? They're not experts, the thing called expertise is dead long ago. Now there's only *my paid experts* against *your paid experts*. It's sad how people think these so-called experts are smart and unbiased.

[@baneofbanes]

Most economists are saying that trumps policies are bad for the economy.

[@JB-yb4wn]

@@baneofbanes EVERY economist of integrity are saying that.

[@MarketsDriveTheWorld]

Americans who are angry at the trade deficit should come to my country, we have a trade surplus 😊 then they'll realize we have that only because we are so poor we cannot afford to buy anything not because we produce a lot. 😂😭😭😭

[@SusCalvin]

That's the situation for a lot of places that aren't the USA. We get dollar and their debt, they get stuff.