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Sun Mar 29, 2020, 05:21 AM

Donald Trump And The Fed Are Destroying The U.S. Dollar

It’s been an historic week for the U.S. with president Donald Trump signing a record $2.2 trillion coronavirus-induced emergency stimulus package.

The massive cross-party rescue deal is designed to help Americans and businesses cope with the economic shutdown caused by the coronavirus COVID-19 pandemic.

The U.S. dollar has taken a beating, however, dropping almost 4% against a basket of currencies this week—its biggest weekly loss since the height of the global financial crisis over 10 years ago.

... snip ...

The Fed has also cut its benchmark interest rate to near zero and made sure commercial banks will continue lending to companies, cities and states—all told the extraordinary measures are expected to grow the Fed’s balance sheet by $4.5 trillion this year.

Throughout and in the aftermath of the global financial crisis the Fed grew its balance sheet by a paltry $3.7 trillion.

“The beautiful thing about our country is $6.2 trillion—because it is 2.2 plus four [combining the Fed’s action and the cross-party rescue bill]—it’s $6.2 trillion, and we can handle that easily because of who we are, what we are,” Trump said, speaking after the bill’s historic White House signing ceremony, and boasting the package was “twice as large” as any prior relief bill.

More at:

https://www.forbes.com/sites/billybambrough/2020/03/28/donald-trump-and-the-fed-are-destroying-the-us-dollar/amp/

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Reply Donald Trump And The Fed Are Destroying The U.S. Dollar (Original post)
UpInArms Mar 29 OP
murielm99 Mar 29 #1
no_hypocrisy Mar 29 #2
mitch96 Mar 29 #3
Yo_Mama_Been_Loggin Mar 29 #4
duforsure Mar 29 #5

Response to UpInArms (Original post)

Sun Mar 29, 2020, 05:29 AM

1. He has bankrupted everything else he has run.

Why not bankrupt the USA as well?

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Response to UpInArms (Original post)

Sun Mar 29, 2020, 05:58 AM

2. My IRA is due to roll over April 12.

And with 0% interest rate looming for maybe 20 months.

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Response to UpInArms (Original post)

Sun Mar 29, 2020, 06:44 AM

3. And Puntin is laughing and dancing.. His wish is coming true...

dump the turd November third....
m

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Response to UpInArms (Original post)

Sun Mar 29, 2020, 07:36 AM

4. Heckuva job Trumpy

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Response to UpInArms (Original post)

Sun Mar 29, 2020, 08:29 AM

5. I think trump is working for Putin

And his policies have been designed to hurt us and weaken this country , and if that gets exposed he is , trump should be charged with treason. Looks like to me trumps working to weaken us now even more by no response, no help, and no truth.

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