Lone Candle
Champion of Truth
The BRICS Prepare the BIGGEST ATTACK on the DOLLAR at its Most FRAGILE Moment: “Brics Pay”
Brics Pay would allow countries to trade in their own dollars rather than needing the U.S. Dollar. It’s still being set up.
https://www.youtube.com/watch?v=oOg7aYeV5eM
As a reserve currency, the U.S. Dollar is slowly losing out to gold.
https://www.youtube.com/watch?v=dYYkQTngT8M
U.S. debt is becoming more expensive because interest rates on U.S. debt are going up. The U.S. has to pay more to maintain the debt. Trump’s trade wars, and his continuation and growing of U.S. deficits, are causing this. Trump’s erratic tariff behavior causes uncertainty and discourages investment.
https://www.youtube.com/watch?v=MZc8cTnUIXo
The Dollar as the reserve currency is good for the financial industry but bad for manufacturing.
https://www.youtube.com/watch?v=lsccKgeTMcE
Harvard Economist Ken Rogoff on debt, inflation and the dollar. A Charlie Rose Global Conversation
https://www.youtube.com/watch?v=ODKjBI6Lt14
Dollar dominance is a benefit to Americans. Even individuals could borrow cheaper because the U.S. dollar was the global reserve currency. The dollar losing its value hurts this benefit. Trump’s tariffs weakened U.S. dollar dominance by losing trust in the United States as a responsible leader.
The U.S. didn’t primarily lose some manufacturing due to the strength of the dollar.
U.S. problems are worse than just Trump. There are a lot of bad political ideas on both sides.
https://www.youtube.com/watch?v=pT2cohNt6a4
The fall of the U.S. dollar relative to other currencies will make imports more expensive. This increases the costs of imports on top of the more direct effect of tariffs.
The dollar’s decrease will make U.S. exports cheaper overseas, however, this may be counteracted by foreign countries retaliating against U.S. exports in response to Trump tariffs, and by foreign customers boycotting U.S. companies.
https://www.youtube.com/watch?v=bD5iHKOOgg8
Is China Dumping the Dollar? – And is Ray Dalio Right about Reserve Currencies?
https://www.youtube.com/watch?v=t7nj4b-619A
“Trump is achieving what neither 9/11, nor the 2008 crisis, nor Covid could achieve. He’s damaging the power and value of the dollar.”
https://www.youtube.com/watch?v=LD_E4bMAiEg
The independence of the Fed is key to protecting the dollar, the economy, and price stability. People can trust in the dollar because the Fed will do what needs to be done to control inflation, even if it is painful.
Big things Trump’s economic team wants to do would require great international deals, but those deals are worthless if no one trusts the United States or its president. Trump is so erratic, that no one trusts him. He made the NAFTA 2.0 agreement with Mexico and Canada during his first term, then during his second called it junk and tried to break it. He threatens to take territory from allies and threatens to renege on NATO promises. Countries won’t make the sacrifices of a big Trump-pushed-for-deal when they can’t trust Trump to keep his promises.
https://www.youtube.com/watch?v=zmyZQ-I0jok