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'This is sell America' – US dollar tumbles as globe flees US assets

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Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#21

Post by pepperball »

SilverElfin wrote: post #15

It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration. That makes them complicit in everything that’s going on - the arrest of US citizens in unconstitutional raids, the illegal tariffs that are taxing all of us, the threats of invasions against other countries, the grift that is adding billions to the Trump family’s wealth, the push to denat…

> It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration.

Take a look at the voter base: There’s a hubris of invincibility and jingoism in the air. Even among typical moderates. Rome can never fall!

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#22

Post by lateforwork »

SilverElfin wrote: post #15

It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration. That makes them complicit in everything that’s going on - the arrest of US citizens in unconstitutional raids, the illegal tariffs that are taxing all of us, the threats of invasions against other countries, the grift that is adding billions to the Trump family’s wealth, the push to denat…

Even with all this Trump as 39% approval rating. This is why Republican legislators are staying quiet.

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#23

Post by josefritzishere »

JKCalhoun wrote: post #10

I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.

I am genuinely worried that my life savings will be destroyed by high inflation and the decreasing value of the dollar. This is the 3rd major market "correction" in my career and it looks like it will be the worst. Trump is doing so much economic damage to America... the outcomes are unthinkable for working people. I have trouble imagining what life will be like on the other side of this period of financial chaos.

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#24

Post by jorblumesea »

agd wrote: post #5
jorblumesea wrote: post #2

Carney's speech at Davos is extremely telling: https://www.youtube.com/live/dE981Z_TaVo?si=Ct_1GIQe4Orm0wGU who would have thought that America's closest geographic and cultural ally would feel the need to ditch that relationship. Wild times.

I’m not sure it’s accurate to say Canada ditched the relationship, given that the US imposed massive tariffs and threatened to invade Canada.

fair point, forced to break off ties

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#26

Post by JKCalhoun »

robmusial wrote: post #18
JKCalhoun wrote: post #10

I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.

If you live in America, are banking with an American bank, and hold your investments denominated in dollars I'm not sure that just shifting your investments to other global equities would really get you the outcome you want if your goal is to hedge against this specific risk. Besides if this really is the trade war to end all trade wars, the world losing one of the largest markets (the U.S.) is going to depress the e…

I am retired but I have not sold all my stocks and moved to bonds. Even if you use the "rule of 100" I should still have around 40% of my portfolio in stocks.

But to your point, I am certain that I am not going to profit from this fuckery. (Although, hilariously I bought silver a decade ago to teach my daughters about investing—and they each purchased a once or two from me. Of course it turned out to be a local maxima and they grow up, went to college—watching their investment sink all the while. Perhaps they did learn a valuable lesson in investing.)

No, I'm just doing damage control.

I had asked a month or so back as to where the "safe harbors" were during the Great Depression. My impression (and the responses did nothing to contradict this) were that there were no safe harbors—as perhaps there may not be any in some dystopian future we may or may not be headed for.

"Hold, don't sell during the panic," is all anyone could offer. (And so too holding those silver coins until now might also have been a valuable lesson for my daughters?)

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#27

Post by JKCalhoun »

josefritzishere wrote: post #23
JKCalhoun wrote: post #10

I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.

I am genuinely worried that my life savings will be destroyed by high inflation and the decreasing value of the dollar. This is the 3rd major market "correction" in my career and it looks like it will be the worst. Trump is doing so much economic damage to America... the outcomes are unthinkable for working people. I have trouble imagining what life will be like on the other side of this period of financial chaos.

The reality I have come to believe: if it goes down, we all go down. I get worrying about how to protect your life savings, I was worrying too. Now I just accept that we'll all be in the bread lines. Not that there's any comfort in that really, but that it might simply be an inevitability.

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#28

Post by Herring »

lateforwork wrote: post #22
SilverElfin wrote: post #15

It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration. That makes them complicit in everything that’s going on - the arrest of US citizens in unconstitutional raids, the illegal tariffs that are taxing all of us, the threats of invasions against other countries, the grift that is adding billions to the Trump family’s wealth, the push to denat…

Even with all this Trump as 39% approval rating. This is why Republican legislators are staying quiet.

Yep, he's still slightly more popular than he was at this point during his first term.

https://www.natesilver.net/p/trump-approval-ratings-nate-sil...

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#29

Post by [deleted] »

JKCalhoun wrote: post #27
josefritzishere wrote: post #23

Earlier quoted context omitted.

I am genuinely worried that my life savings will be destroyed by high inflation and the decreasing value of the dollar. This is the 3rd major market "correction" in my career and it looks like it will be the worst. Trump is doing so much economic damage to America... the outcomes are unthinkable for working people. I have trouble imagining what life will be like on the other side of this period of financial chaos.

The reality I have come to believe: if it goes down, we all go down. I get worrying about how to protect your life savings, I was worrying too. Now I just accept that we'll all be in the bread lines. Not that there's any comfort in that really, but that it might simply be an inevitability.

[deleted]

Re: 'This is sell America' – US dollar tumbles as globe flees US assets

#30

Post by StephenHerlihyy »

agd wrote: post #5
jorblumesea wrote: post #2

Carney's speech at Davos is extremely telling: https://www.youtube.com/live/dE981Z_TaVo?si=Ct_1GIQe4Orm0wGU who would have thought that America's closest geographic and cultural ally would feel the need to ditch that relationship. Wild times.

I’m not sure it’s accurate to say Canada ditched the relationship, given that the US imposed massive tariffs and threatened to invade Canada.

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