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Thu Jul 11, 2019, 08:46 AM

Trump has reportedly asked aides to find a way to weaken the US dollar


Trump has reportedly asked aides to find a way to weaken the US dollar
Published Wed, Jul 10 2019 7:45 AM EDTUpdated Wed, Jul 10 2019 5:00 PM EDT
Thomas Franck


Key Points

The U.S. president has reportedly asked aides to find a way to weaken the dollar in an effort to boost the economy ahead of the 2020 election.

The strength of the greenback has proven a headache for Trump, who’s made reducing the U.S. trade deficit a priority.

Last week, the president said in a tweet that the U.S. should match China and Europe’s “currency manipulation game.”


President Donald Trump has reportedly asked aides to find a way to weaken the U.S. dollar in an effort to boost the economy ahead of the 2020 presidential election.

The president also asked about the greenback while interviewing Federal Reserve Board nominees Judy Shelton and Christopher Waller, people familiar with the matter told Bloomberg News.

Those individuals also told Bloomberg that Trump’s chief economic advisor, Larry Kudlow, and Treasury Secretary Steven Mnuchin disapprove of the idea of government tampering to weaken the dollar. Traditionally, past administrations have always maintained publicly they were for a strong dollar because dollar assets like Treasurys are so widely held around the globe.

Trump has often bemoaned the relative strength of the U.S. dollar in foreign exchange markets, blaming other nations for devaluing their currencies and thereby inflating the American trade deficit. Last week, the president said in a tweet that the U.S. should match China and Europe’s “currency manipulation game.”

more...

https://www.cnbc.com/2019/07/10/trump-has-reportedly-tasked-aides-to-find-a-way-to-weaken-the-us-dollar.html?fbclid=IwAR2m5rX80Mq02y9P58QnkPz1wvdeyOZ8kXBaOwLkwmlxelFdeb9aHo3U5AQ

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Reply Trump has reportedly asked aides to find a way to weaken the US dollar (Original post)
babylonsister Jul 11 OP
edhopper Jul 11 #1
PJMcK Jul 11 #3
edhopper Jul 11 #6
Iliyah Jul 11 #2
beachbum bob Jul 11 #4
catbyte Jul 11 #5
dalton99a Jul 11 #9
Girard442 Jul 11 #7
Javaman Jul 11 #8
lagomorph777 Jul 11 #10
dalton99a Jul 11 #11
spanone Jul 11 #12

Response to babylonsister (Original post)

Thu Jul 11, 2019, 08:57 AM

1. After sleeping through Wharton

he has no clue about Economics.

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Response to edhopper (Reply #1)

Thu Jul 11, 2019, 09:07 AM

3. Undergraduate degree

You're point is correct, of course.

I remember when Trump first came to prominence in NYC in the late 1970s. His bio boasted that he was first in his class at Wharton where he received his MBA. Years later, it was revealed that he only got his Bachelor's degree and had studied at the Wharton School. It was the first hint that Trump was full of shit.

As the decades went by, Trump acted like an ass al the time. How come 60+ million people can't see that he's a lying loser?

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Response to PJMcK (Reply #3)

Thu Jul 11, 2019, 09:12 AM

6. That is a question

I can't answer, except for willful stupidity.

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 09:00 AM

2. Per Putin instructions for shithole . . .

Destroy the USA's economy any means necessary. Republican party helps him.

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 09:09 AM

4. lowering interest rates AND flooding the market with more money will achieve this

US GOVT racking up now close to record levels of deficits AND consumer debt is getting out of control again as the business climate is falling back quicker now

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 09:11 AM

5. ...

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Response to catbyte (Reply #5)

Thu Jul 11, 2019, 10:54 AM

9. +1

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 09:25 AM

7. Default on the debt. That'll do it.

Deadbeats don’t have trade deficits cuz people won’t sell them stuff.

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 10:54 AM

8. I can hear the printing presses warming up now.

Last edited Thu Jul 11, 2019, 10:47 PM - Edit history (1)

if they do this, this will certainly not end well for not just us, but for anyone in the world using the U.S dollar.

of course the moron rooskies are rubbing their hands together thinking they just scored. a weak dollar will also fuck them.

And lets not even what a weak dollar will do for china.

he's a fucking moron.

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 10:54 AM

10. He's doing everything he can to weaken the US in general.

So that's no surprise. His money is all in Roubles.

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 10:56 AM

11. Working hard every day to destroy America and to kill Americans.

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Response to babylonsister (Original post)

Thu Jul 11, 2019, 10:59 AM

12. He cares about nothing but re-election.

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