(Nov 16, 2020 05:54 PM)Zinjanthropos Wrote: [ -> ] (Nov 16, 2020 05:39 PM)Syne Wrote: [ -> ]It's not the method of deciding the election that will adversely affect the dollar, only who ultimately wins...with Democrats always being worse for the economy as a whole, even if they do alright for the stock market (not always a good indicator of economic health). If it goes to the SC, it will be no different from Bush v Gore, and if other countries find that laughable, you can chalk that up to their ignorance of the US republic. The global economy doesn't care what foreigners think about our politics, it only cares about how strong and stable our economy is, as a global currency.
Under Biden, we could expect to return to the anemic economic growth of Obama, at best. He will reinstate many job and growth killing regulations and taxes, and ultimately the working middle class will pay the most for it.
What about the BRICS (Brazil, Russia,India,China,South Africa) group? They already have near half the world’s population & production. If I’m not mistaken they are getting closer to half the international reserve. Do you think they might take advantage of American infighting and weaker dollar to gain control over reserve?
There's usually a lot of talk about the world going off the dollar when Congress can't agree to extend our debt ceiling. But if foreign governments start divesting from the dollar, the impact to the stock market will affect them too. Even if not directly, it will hurt the buying power of their biggest customer. And because the US is such a big economy, it has an inherent stability that none other can match.
Now, that doesn't rule out foreign governments doing something stupid that ultimately hurts themselves. But after they see the affects on their own economies (US no longer buying their products), they would be forced to bolster the dollar again, just out of their own self-interest.
(Nov 16, 2020 06:48 PM)Syne Wrote: [ -> ] (Nov 16, 2020 05:54 PM)Zinjanthropos Wrote: [ -> ] (Nov 16, 2020 05:39 PM)Syne Wrote: [ -> ]It's not the method of deciding the election that will adversely affect the dollar, only who ultimately wins...with Democrats always being worse for the economy as a whole, even if they do alright for the stock market (not always a good indicator of economic health). If it goes to the SC, it will be no different from Bush v Gore, and if other countries find that laughable, you can chalk that up to their ignorance of the US republic. The global economy doesn't care what foreigners think about our politics, it only cares about how strong and stable our economy is, as a global currency.
Under Biden, we could expect to return to the anemic economic growth of Obama, at best. He will reinstate many job and growth killing regulations and taxes, and ultimately the working middle class will pay the most for it.
What about the BRICS (Brazil, Russia,India,China,South Africa) group? They already have near half the world’s population & production. If I’m not mistaken they are getting closer to half the international reserve. Do you think they might take advantage of American infighting and weaker dollar to gain control over reserve?
There's usually a lot of talk about the world going off the dollar when Congress can't agree to extend our debt ceiling. But if foreign governments start divesting from the dollar, the impact to the stock market will affect them too. Even if not directly, it will hurt the buying power of their biggest customer. And because the US is such a big economy, it has an inherent stability that none other can match.
Now, that doesn't rule out foreign governments doing something stupid that ultimately hurts themselves. But after they see the affects on their own economies (US no longer buying their products), they would be forced to bolster the dollar again, just out of their own self-interest.
Thanks Syne, I thought this was a great answer.
I'm not as confident in Biden as I was with Trump regarding US currency & economy. I think if something really stupid is to be done, it will be Biden that's responsible. Biden is a longtime pig at the trough whereas Trump may have lost or made a fortune a few times, but it shows he's ready to do business and he knows the game. Hope you guys get through next four years economically but I'm going to stick with keeping gold in portfolio just in case.
(Nov 16, 2020 07:00 PM)Zinjanthropos Wrote: [ -> ]...but I'm going to stick with keeping gold in portfolio just in case.
Good idea, even in the best of times, as you never know how long they will last.
What are the odds of Dems packing the SC? Can Trump and his administration stop this?
(Nov 15, 2020 11:54 PM)Magical Realist Wrote: [ -> ]Trump thrives most on attention, as is the case for every megalomaniacal narcissist. I don't think he liked being President itself so much as just being in the spotlight, as in on Twitter or TV. He probably felt most alive doing rallies when he could directly feed off the crowd's cheering and applause and laughter like a true populist demagogue. After he leaves the White House he will probably cash in on interviews and lectures and perhaps even a media network devoted to rightwing ideas. Such is the fate of most ex-political culture war icons.
Somewhat agree. While it seems that Trump is an American ''patriot,'' he seems most concerned with himself, ''his'' progress, ''his'' presidency, ''his'' accomplishments, etc. The fact that he has sequestered himself in the WH and isn't addressing the public as it relates to the significant uptick of Covid, or anything for that matter, is telling. Sometimes, silence speaks louder than words.
His schedule looks kind of empty
https://factba.se/topic/calendar
(Nov 16, 2020 10:05 PM)Leigha Wrote: [ -> ]What are the odds of Dems packing the SC? Can Trump and his administration stop this?
Zero, unless they can take the Senate too.
Quote:While it seems that Trump is an American ''patriot,'' he seems most concerned with himself, ''his'' progress, ''his'' presidency, ''his'' accomplishments, etc. The fact that he has sequestered himself in the WH and isn't addressing the public as it relates to the significant uptick of Covid, or anything for that matter, is telling. Sometimes, silence speaks louder than words.
Trump knows that his personal success has only been possible because of America, likely making him a true patriot. Yes, he is obviously full of himself, but the two are not mutually exclusive. Nor is it exactly honest to criticize him for not addressing the public when supposed President-elect Biden isn't either. And old media made it clear that they didn't like his daily Covid briefings, as they refused to air them.
(Nov 16, 2020 11:00 PM)Syne Wrote: [ -> ] (Nov 16, 2020 10:05 PM)Leigha Wrote: [ -> ]What are the odds of Dems packing the SC? Can Trump and his administration stop this?
Zero, unless they can take the Senate too.
Quote:While it seems that Trump is an American ''patriot,'' he seems most concerned with himself, ''his'' progress, ''his'' presidency, ''his'' accomplishments, etc. The fact that he has sequestered himself in the WH and isn't addressing the public as it relates to the significant uptick of Covid, or anything for that matter, is telling. Sometimes, silence speaks louder than words.
Trump knows that his personal success has only been possible because of America, likely making him a true patriot. Yes, he is obviously full of himself, but the two are not mutually exclusive. Nor is it exactly honest to criticize him for not addressing the public when supposed President-elect Biden isn't either. And old media made it clear that they didn't like his daily Covid briefings, as they refused to air them.
That seems fair ...but isn’t it at the very least, “professional” to address the country while you’re still the POTUS? Biden might not feel it’s legitimately his place yet to “act” like the POTUS, you know?
(Nov 15, 2020 06:58 PM)Magical Realist Wrote: [ -> ]Whatever is asserted without evidence can be dismissed without evidence.
The old media is already changing their language from "no evidence" to "no substantial evidence". Just wait for the next massaging of language to dupe you.
(Nov 16, 2020 11:07 PM)Leigha Wrote: [ -> ] (Nov 16, 2020 11:00 PM)Syne Wrote: [ -> ]Trump knows that his personal success has only been possible because of America, likely making him a true patriot. Yes, he is obviously full of himself, but the two are not mutually exclusive. Nor is it exactly honest to criticize him for not addressing the public when supposed President-elect Biden isn't either. And old media made it clear that they didn't like his daily Covid briefings, as they refused to air them.
That seems fair ...but isn’t it at the very least, “professional” to address the country while you’re still the POTUS? Biden might not feel it’s legitimately his place yet to “act” like the POTUS, you know?
Yet Biden and his people have claimed victory and are demanding intelligence briefings now. You don't need to do either (considering the electoral college vote isn't until Dec 12th) unless you're trying to "act" like POTUS.
And remember how the Democrats and old media were all about impeachment at the beginning of Covid? It's the Democrat-run media that pushes the narrative, and after claiming presidential victory, they have little use for keeping Covid in the news...aside from how Biden will save the day. It's carried in new media, but their audience largely hasn't succumbed to the fearmongering of the left. Spikes are equally happening where there were and weren't mask/distancing mandates. So unless hospitals are in risk of being overrun, which they aren't, it's largely a non-story. Definitely not enough to keep AT&T from thinking about selling the failing CNN.
(Nov 16, 2020 11:28 PM)Syne Wrote: [ -> ] (Nov 15, 2020 06:58 PM)Magical Realist Wrote: [ -> ]Whatever is asserted without evidence can be dismissed without evidence.
The old media is already changing their language from "no evidence" to "no substantial evidence". Just wait for the next massaging of language to dupe you.
Lots of news outlets still reporting no evidence of voter fraud:
https://www.google.com/search?q=no+evide...e&ie=UTF-8
(Nov 17, 2020 02:14 AM)Magical Realist Wrote: [ -> ] (Nov 16, 2020 11:28 PM)Syne Wrote: [ -> ]The old media is already changing their language from "no evidence" to "no substantial evidence". Just wait for the next massaging of language to dupe you.
Lots of news outlets still reporting no evidence of voter fraud:
https://www.google.com/search?q=no+evide...e&ie=UTF-8
Yep, just like I said. Still duping you.