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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

#41

Post by StephenHerlihyy »

jorblumesea wrote: post #36
StephenHerlihyy wrote: post #30

Earlier quoted context omitted.

[flagged]

Being a good ally isn't just doing entirely what the US says the should do. The US needs to coordinate responses to China and work with allies to come to a shared understanding. How the current administration operates is assuming these allied country are fiefdoms. The economic situation in Canada isn't great, and the US could make it stronger, but refuses to. The same feedback is largely true for most US allies. If y…

I have many complaints about Trump's handling of foreign policy. Don't mistake my tone for approval of his approach. He is needlessly aggressive and domineering. We have tried the carrot approach though. Coalition of the willing. By and large I would say our allies are spiritually willing but physically unable to. If we use Canada for example, I don't think they need to jump at every demand, but things like stopping counterfeit sales (Pacific Mall), taking meaningful steps to stop cartel money laundering (Vancouver), actually meeting military commitments (Ukraine promises). A lot of it doesn't get reported because people don't really want to hear it. Like I said, Trump is not right in his handling of these issues, but Canada allows them to fester because its in their interest.

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

#42

Post by bryanlarsen »

thomassmith65 wrote: post #39
StephenHerlihyy wrote: post #30

Earlier quoted context omitted.

[flagged]

This comment is 10 sentences long but lists not a single, specific example of Canada being a poor ally.

The only example I can think of is Canada arresting Meng Wanzhou when the US asked, and not backing down in the face of significant Chinese threats, souring Chinese relationships significantly.

But that's an example of Canada being a good ally to the US.

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

#43

Post by bryanlarsen »

StephenHerlihyy wrote: post #41
jorblumesea wrote: post #36

Earlier quoted context omitted.

Being a good ally isn't just doing entirely what the US says the should do. The US needs to coordinate responses to China and work with allies to come to a shared understanding. How the current administration operates is assuming these allied country are fiefdoms. The economic situation in Canada isn't great, and the US could make it stronger, but refuses to. The same feedback is largely true for most US allies. If y…

I have many complaints about Trump's handling of foreign policy. Don't mistake my tone for approval of his approach. He is needlessly aggressive and domineering. We have tried the carrot approach though. Coalition of the willing. By and large I would say our allies are spiritually willing but physically unable to. If we use Canada for example, I don't think they need to jump at every demand, but things like stopping…

That's pretty vague compared to concrete good ally behaviour like the arrest of Meng Wanzhou.

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

#44

Post by JKCalhoun »

embedding-shape wrote: post #31
JKCalhoun wrote: post #26

Earlier quoted context omitted.

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 maxim…

> where the "safe harbors" were during the Great Depression [...] were that there were no safe harbors Surely economy and the world economy operates in a completely different way now than it did back them, if not in the US, the very least in the rest of the world? But that's just my intuition, maybe things are more similar than they are different in reality? > Of course it turned out to be a local maxima Not to pour…

Ha ha, yeah, must have been 2011 when we bought into silver.

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

#45

Post by pupppet »

StephenHerlihyy wrote: post #30
agd wrote: post #5

Earlier quoted context omitted.

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.

[flagged]

What a load of BS, Canada is the best friend the US could ask for.

Remember in 2018 when Canada held Huawei CFO Meng Wanzhou under a U.S. extradition request? It tanked Canada/China relations and had trade ramifications Canada is still feeling today.

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

#46

Post by SilverElfin »

Herring wrote: post #28
lateforwork wrote: post #22

Earlier quoted context omitted.

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...

That’s shocking. I looked up a few different polls and it looks like the approval ratings have not really changed in months. How is that possible? The events of the last month or two should affect these in one direction or the other, right? I wonder if there is some polling error like maybe in how these questions are phrased or how the people responding are interpreting it?

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

#47

Post by tharmas »

StephenHerlihyy wrote: post #30
agd wrote: post #5

Earlier quoted context omitted.

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.

[flagged]

There are two things Canada is guilty of. 1) it spent far too little on its military 2) it trusted the Americans far too much by tying its economy so deeply with the USA.

If you subtract the oil purchased by the USA, Canada has a trade surplus with the USA. A trade surplus that's mostly comprised of finished goods. Canada sells raw materials to the USA and buys finished goods from them.

It is the United States that is the fake friend.

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

#48

Post by tharmas »

jdiaz97 wrote: post #3

Now on Truth Social, Trump is saying that NATO is the enemy, not Russia, not China. Well, now it makes sense why Putin has that picture of Trump.

tRump is a bully. Bullies don't pick on those who are strong enough to fight back. That's why he doesn't say anything about Russia or China. If Russia was in the position it was in the early to mid nineties tRump would very much be bashing Russia.

The Europeans and Canada should take note.

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

#49

Post by StephenHerlihyy »

thomassmith65 wrote: post #39
StephenHerlihyy wrote: post #30

Earlier quoted context omitted.

[flagged]

This comment is 10 sentences long but lists not a single, specific example of Canada being a poor ally.

1) Multi-year delay in banning Huawei from 5G networks: https://www.ndp.ca/news/ndp-statement-huawei-ban-canadian-5g...

Took Canada 4-years longer than the rest of the Five Eyes alliance to ban them, prompting the Biden administration to threaten to terminate the agreement.

2) NORAD/Ballistic missile defense (Not just NATO): https://canadiandefencereview.com/norad-modernization-closin...

Canada chooses not to participate in the defense of North America from potential threats, deferring the cost and military response entirely to the United States.

3) Canadian Digital Services tax: https://www.wilsoncenter.org/article/ties-and-knots-bind-uni...

4) Lax enforcement of cartel money laundering: https://www.fraserinstitute.org/commentary/trump-and-fentany...

The roughly 100 organized crime groups operating in Canada (including three groups dedicated to supplying fentanyl) are partly drawn to loopholes and lax penalties that allow fentanyl-related money-laundering operations to flourish.

https://www.cbc.ca/news/business/canada-money-laundering-pro...

5) Weak enforcement against counterfeit goods: https://macleans.ca/economy/why-canada-is-a-haven-for-knock-...

Canada remains the only G7 country on the 2025 USTR Watch List. The 2025 USTR Special 301 Report again expressed concerns with Canada's perceived lack of IP enforcement, particularly at the border and against online piracy.

6) Canada undercutting American efforts to de-risk from China: https://www.federalreserve.gov/econres/notes/feds-notes/glob...

https://www.federalreserve.gov/econres/notes/feds-notes/as-t...

I tried to avoid some of the more common ones, like NATO spending, trade dispute, etc. A lot of this stuff, like providing for the common defense, don't make it easy for cartels launder money, don't look the other way on counterfeit goods, aren't unreasonable demands.

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

#50

Post by StephenHerlihyy »

bryanlarsen wrote: post #43
StephenHerlihyy wrote: post #41

Earlier quoted context omitted.

I have many complaints about Trump's handling of foreign policy. Don't mistake my tone for approval of his approach. He is needlessly aggressive and domineering. We have tried the carrot approach though. Coalition of the willing. By and large I would say our allies are spiritually willing but physically unable to. If we use Canada for example, I don't think they need to jump at every demand, but things like stopping…

That's pretty vague compared to concrete good ally behaviour like the arrest of Meng Wanzhou.

And then waiting 4 years to actually ban his company from operating in Canada.
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