Full de-dollarization in progress, let's fucking goooooooooooooooooooooooooooooooooo
reuters.com
ASIA DUMPING THE DOLLAR
I work for the MAS. We dumped bonds before Trump even got sworn in. Dumped 50%. We are dumping more now and are loading up on CHF. We loaded up too much so our currency pumped against the dollar. Pretty funny being able to predict Trump so easily. No idea how other central banks are so fucking slow.
What's MAS?
nothing ever happens
Singaporean central bank
monetary authority of singapore
Probably because the other world banks are useless bureaucracy make work jobs for banker families. I'd bet only a dozen people actually do work
loading up on CHF
Why CHF instead of EUR? Both markets seem to operate under the exact same rules and regulations but investors always flock to CHF for some reason, why is that?
Completely unironically this is what Trump wants and he might literally somehow devalue the dollar while basically maintaining it as world currency, and if not crypto will replace it. If he pulls this off he would be arguably the greatest president of all time. I win either way too.
Completely unironically this is what Trump wants
Exactly. Thank you foreigners for helping us usher in yet another century of American domination. lol they really think they're hurting the US. Adorable.
the USD being worthless is good actually
Devaluing or eliminating the dollar alter seems to be Trump's plan.The question is what currency will the United States have and what will it be backed by?
Explain why getting rid of the damn dollar is a good thing for the average American.
ECB officials stole euro-denominated bank deposits to bail-in insolvent banks during the cypriot financial crisis of 2012. as a consequence of that nobody wants to hold EUR internationally anymore
Makes exports more competitive which will boost the middle class
Kek the one saving grace for the middle and working classes was having affordable goods and being a consumer base too big to ignore. That goes out the window with the dollar losing its reserve status, along with anyone wanting to buy up US debt, which was what kept the infinite money glitch going. You're basically advocating for America losing all of its remaining cards in return for the unlikely shot of SOME manufacturing coming back stateside in any meaningful way.
And if you're saying even the idea of turning America into producer nation is worth it, you're admitting manufacturers like China always held the advantage in this trade war and it's better to be the store than the customer.
this is what Trump..
Is this a new type of conspiracy? The fabled masterplan, that will retroactively flip the switch from madness to brilliance..
Yes, the USD being worthless is actually good.
Kek the one saving grace for the middle and working classes was having affordable goods and being a consumer base too big to ignore.
The one killing curse for the middle and working classes is the exact same thing you are trying to attribute to them holding on.
This is like a dream in some movie isn’t it? Which one?
no clue i stole it from Anon Babble (of course)
The EU is a communist organisation and it needs to be dissolved
Oh it’s A Serious Man, he’s the goy neighbour. Would recommend watching it, poltard kun
Trumpcoin ofc
Whats to stop the gov from buying them for pennies and then canceling repayment to themselves? Effectively wiping their own debt.
This whole shit is beyond bonkers. That America through a hissy fit, and that America had to through a hissy fit instead of manufacturers realizing trading production for paper was stupid.
Nothing, Biden did that. The gov needs the money
Wait no I misread your post, what the fuck are you talking about
Exports
Good thing you barely have any exports that would see an increase of demand with a weaker USD.
Japenese people have been complaining a lot about their weak JPY lately as it clearly does not benefit the average citizen. Devaluing your own currency leads to a loss of purchase power.
CHF is the safe haven currency. Shorting USD with CHF is basically free money.
USD will lose 20-30% of it's value in 1-2 years. Get the fuck out of USD, it's the new Turkish Lira.
Good thing you barely have any exports that would see an increase of demand with a weaker USD.
Japenese people have been complaining a lot about their weak JPY lately as it clearly does not benefit the average citizen. Devaluing your own currency leads to a loss of purchase power
This. I can't see the average American being content with their quality of life being cut in half and having to work longer hours because of the dollar's return.
CHF is the safe haven currency.
CHF is the perfect example why the global monetary system is fucking retarded. 0.23% on the 10 year. Holy fucking yield batman.
Running policies that result in export surpluses is so fucking bad. Underpay your workers so that you have a surplus that you must invest somewhere so you buy negative real yield bonds for 15 years. Fucking hell.
Balanced trade for the win.
It fucking sucks. None of the high paying companies around here export anything. A 10% drop in the dollar is just people getting 10% poorer. I've been vacationing every year in europe and japan on the strong dollar, and now I have to pay more for it.
Devaluing your currency to make exports more competitive is an euphemism for lowering real wages. Does that boost the middle class?
Your idea of a middle class is based on liberal brainwashing dependant on gibs from the government. Youre absolutely fucking stupid.
The middle class has its roots in egyptian stone masonry where skilled workers could negotiate their terms of service with the king that owns the land. They couldnt be treated like slaves in the sense because they actually had a craft that is hard to replace. This also goes for foot soldiers in roman and greek society that were promised farm land after 25 years of service so they can grow their own food. In a free market, any skills you had determined if you were middle class.
Not your gay fucking fantasy that makes you think you're middle class because you can afford an rtx 5090 at 500 dollars cheaper, not because you can afford 40 fucking funko pops faggot, not because you can order any fucking thing you want on amazon. Being middle class means you have a skill that can be marketable to most people.
Unironically neck yourself, hopefully when your gay dream of AI and machines taking over the jobs, youre the first faggot on the chopping block. Its the same with digital artists that are freaking out over generative images. If you dont have any real fucking skills you will never be middle class
People who dont have real jobs arent going to be able to afford goods regardless. Making sure prices are the cheapest forever is just kicking the can down the road. Things have a net operating cost and the 10 different systems it takes to create a T shirt should be happening in the US
if im buying a 40 dollar shirt, i want every process to be made in america, it pays the distributor, it pays the warehouse, it pays the factory worker, it pays the cotton farmer, it pays the harvester, and it pays the retailer and manufacturer.
We already have distribution systems in the US that can make affordable clothing like allamericanclothing.com
What this pic misses is the mountain of failures in flight that people heavily invested into thinking it was the "next big thing." The U.S. Army funded Samuel P. Langley's Aerodrome figuring they would have a first mover advantage. Ended up being a colossal failure. The Wright Brothers, not funded by the government, managed to make the first real flight in the same year. The secretary of the Smithsonian in 1914, Charles Walcott, who helped Langley get the money for this failure, was so butthurt about this that he insisted on showing the Aerodrome as the first powered flight. The controversy from this lasted until the 40s and through multiple Smithsonian secretaries.
Ausfag here, I’ve started accruing a small reserve of SGD and keeping some savings in it as I feel that it’s a more stable currency and Singapore is a more reliable economy. Am I correct in thinking that the SGD will continue to appreciate against the Aussie dollar for the foreseeable future?
Of course, you’re likely larping, but it’s worth a try.
Americans yearn to work in sweatshops
You're an absolute fucking retard. The jobs aren't coming back, manufacturing isn't coming back except in limited scales (fully automated) and tariffs are a regressive tax that only further hollows out the middle and working classes.
Still acting like automation is some sci-fi pipe dream eons away is the most braindead take anyone on this board has ever had, it's been happening for decades and is accelerating.
i want the thirdie jobs back in America
Except no one will work in those factories and you're not going to get any buyers because of how much that will cost. You say you'll pay a premium for American-made goods but Americans want cheap shit and voted for Trump based on the belief that prices will go down. If he can't deliver that, he's fucking gone and he knows it. Your fantasies are irrelevant.
Yes but male calico cats are very rare so financially speaking thus worth much more money
reuters.com
cnbc.com
un 21, 2023 — A majority of Ripple's global on-demand liquidity transactions flow through Singapore, which serves as the company's regional Asia-Pacific
of course the price was too good to be true
i could get the same quality t-shirt for $5 in some chink shop
well, $13 now because tariffs
imagine paying $200 for fucking sandals
enjoy your $40 defective piece of 100% american clothing, faggot
Thai Baht starts pumping against USD only a month before I move to Thailand. Just my luck lmao :(