Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

babylonsister

(170,962 posts)
Thu Jul 11, 2019, 08:46 AM Jul 2019

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
12 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Trump has reportedly asked aides to find a way to weaken the US dollar (Original Post) babylonsister Jul 2019 OP
After sleeping through Wharton edhopper Jul 2019 #1
Undergraduate degree PJMcK Jul 2019 #3
That is a question edhopper Jul 2019 #6
Per Putin instructions for shithole . . . Iliyah Jul 2019 #2
lowering interest rates AND flooding the market with more money will achieve this beachbum bob Jul 2019 #4
... catbyte Jul 2019 #5
+1 dalton99a Jul 2019 #9
Default on the debt. That'll do it. Girard442 Jul 2019 #7
I can hear the printing presses warming up now. Javaman Jul 2019 #8
He's doing everything he can to weaken the US in general. lagomorph777 Jul 2019 #10
Working hard every day to destroy America and to kill Americans. dalton99a Jul 2019 #11
He cares about nothing but re-election. spanone Jul 2019 #12

PJMcK

(21,916 posts)
3. Undergraduate degree
Thu Jul 11, 2019, 09:07 AM
Jul 2019

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?

Iliyah

(25,111 posts)
2. Per Putin instructions for shithole . . .
Thu Jul 11, 2019, 09:00 AM
Jul 2019

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

 

beachbum bob

(10,437 posts)
4. lowering interest rates AND flooding the market with more money will achieve this
Thu Jul 11, 2019, 09:09 AM
Jul 2019

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

Girard442

(6,059 posts)
7. Default on the debt. That'll do it.
Thu Jul 11, 2019, 09:25 AM
Jul 2019

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

Javaman

(62,439 posts)
8. I can hear the printing presses warming up now.
Thu Jul 11, 2019, 10:54 AM
Jul 2019

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.

lagomorph777

(30,613 posts)
10. He's doing everything he can to weaken the US in general.
Thu Jul 11, 2019, 10:54 AM
Jul 2019

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

Latest Discussions»General Discussion»Trump has reportedly aske...