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The dollar is going down in value right now. Thats the plan. It makes foreign goods more expensive and exports more affordable to other countries. Meanwhile it

The dollar is going down in value right now. Thats the plan. It makes foreign goods more expensive and exports more affordable to other countries. Meanwhile it should have less inflationary pressure on domestically produced stuff like housing. I dont know if this is going to work or collapse. If it does work IMO they still need to reduce the debt - current actions are because we are backed into a corner, so that needs to be corrected.

laluser 9mo ago
It also increases profits for multi-national US companies since they get paid in other currencies, which they then convert to dollars locally. Basically, they have favorable FX tailwinds.
echelon 9mo ago
The "Mar a Lago Accord" plan [1], for those curious. The US debt is one major rationale behind the strategy. It's a dangerous plan that relies on keeping allies happy and re-establishing hegemony via a Plaza Accords / Bretton Woods 2.0 type system. It's not going to work if you simultaneously piss all of the allies off. [1] https://www.youtube.com/watch?v=1ts5wJ6OfzA https://www.youtube.com/watch?v=1ts5wJ6OfzA by Money & Macro, which is a fantastic economics YouTube channel. Patrick Boyle has also spoken about this in pieces.
- deleted 9mo ago
  [deleted]
SmirkingRevenge 9mo ago
Eh, it's not a plan, it's make believe. It's a flimsy back-filled rationale thrown on top the mercurial (and often sadistic) whims of an American Caligula, so the elite enablers can pretend there's something rational - or even good - about the chaos and destruction they are supporting. There isn't. It's just chaos and destruction.
- tonetheman 9mo ago
  [dead]
- baby 9mo ago
  What scares me is that lots of American believe there is a plan and that the current administration is competent
jacquesm 9mo ago
There is no plan. There is just chaos.
- jfyi 9mo ago
  There is a plan, it's a deliberate assault on financial institutions with the intention of seizing financial control.
watwut 9mo ago
Who is that "we" backed into corner? USA as such certainly not. Maybe you mean "pro-democracy anti abuse" people? Those yes. But administration and far right are not in corner. They are in full active act achieving exactly what they wanted.
labcomputer 9mo ago
> Meanwhile it should have less inflationary pressure on domestically produced stuff like housing. This is pure fantasy. A weak dollar makes it more affordable for foreign capital to buy US assets, yes, including housing. The president himself recently admitted on video that he plans to make house prices rise.

laluser 9mo ago

It also increases profits for multi-national US companies since they get paid in other currencies, which they then convert to dollars locally. Basically, they have favorable FX tailwinds.

echelon 9mo ago

The "Mar a Lago Accord" plan [1], for those curious. The US debt is one major rationale behind the strategy. It's a dangerous plan that relies on keeping allies happy and re-establishing hegemony via a Plaza Accords / Bretton Woods 2.0 type system. It's not going to work if you simultaneously piss all of the allies off. [1] https://www.youtube.com/watch?v=1ts5wJ6OfzA https://www.youtube.com/watch?v=1ts5wJ6OfzA by Money & Macro, which is a fantastic economics YouTube channel. Patrick Boyle has also spoken about this in pieces.

deleted 9mo ago
[deleted]

SmirkingRevenge 9mo ago

Eh, it's not a plan, it's make believe. It's a flimsy back-filled rationale thrown on top the mercurial (and often sadistic) whims of an American Caligula, so the elite enablers can pretend there's something rational - or even good - about the chaos and destruction they are supporting. There isn't. It's just chaos and destruction.

tonetheman 9mo ago
[dead]
baby 9mo ago
What scares me is that lots of American believe there is a plan and that the current administration is competent

jacquesm 9mo ago

There is no plan. There is just chaos.

jfyi 9mo ago
There is a plan, it's a deliberate assault on financial institutions with the intention of seizing financial control.

watwut 9mo ago

Who is that "we" backed into corner? USA as such certainly not. Maybe you mean "pro-democracy anti abuse" people? Those yes. But administration and far right are not in corner. They are in full active act achieving exactly what they wanted.

labcomputer 9mo ago

> Meanwhile it should have less inflationary pressure on domestically produced stuff like housing. This is pure fantasy. A weak dollar makes it more affordable for foreign capital to buy US assets, yes, including housing. The president himself recently admitted on video that he plans to make house prices rise.