Confidence in the US Dollar has fallen sharply

[disneysteve]

Yes, because we've been told by moderator staff that we can discuss economic impact and tax increases because they are fiscal policy, not specifically politics.

Exactly. We can talk about what the market is doing, what interest rates are doing, the price of gold, etc. But asking what's behind it all is where it would have to veer into politics to have any sort of meaningful discussion.

[disneysteve]

It would probably be good for your mental health to not discuss political views on the internet. No one is going to change their mind no matter what you say. No one ever feels better when they rant and get angry. I would recommend a nice hike in the mountains. Go on vacation, get away a little. Turn off the news and enjoy your life. I'm not sure of your age but time goes by pretty quick. Don't waste it on politics. You'll make more of a difference planting a tree than ranting about elected officials.

That's pretty condescending. Are you a mental health professional? If not, please don't go around dispensing medical advice. And if you are a professional, this really isn't the place for that advice anyway.

As for ignoring what's happening in politics, that's never a good idea. If you don't fight back against evil, you're just as complicit as the ones perpetrating the evil themselves. History has plenty of examples of how that turns out.

[ua_guy]

It would probably be good for your mental health to not discuss political views on the internet. No one is going to change their mind no matter what you say. No one ever feels better when they rant and get angry. I would recommend a nice hike in the mountains. Go on vacation, get away a little. Turn off the news and enjoy your life. I'm not sure of your age but time goes by pretty quick. Don't waste it on politics. You'll make more of a difference planting a tree than ranting about elected officials.

My life is pretty amazing and is already full of those things, thanks!!

[QuarterMillionMan]

Losing money in Las Vegas so I have time now to partake in this site, lol. When the BRICS nations decide they no longer want to transact with the US dollar and the Saudis price their petrol oil in let's say the Yuan or cryptos and the US loses the dollar as the world reserve currency it won't matter who is the next president. Currently my total holding in cryptos & precious metals is 25%, cash 70%, equities 5%. And whenever I see dips in prices my cash is being converted to cryptos & precious metals. It's risky but I don't trust big government no matter who is the current president or the next one for that matter.

[QuarterMillionMan]

Everyone holds "dollars." That tells me you all have faith that USA will not fail. What happens if USA fails. I can tell you what will happen. Your dollars will be worth toilet paper as Robert Kiyosaki says it. Gold hit $3500. Bitcoin is $88,000 today. You all keep hold US dollars.

[myrdale]

That's pretty condescending. Are you a mental health professional? If not, please don't go around dispensing medical advice. And if you are a professional, this really isn't the place for that advice anyway.

As for ignoring what's happening in politics, that's never a good idea. If you don't fight back against evil, you're just as complicit as the ones perpetrating the evil themselves. History has plenty of examples of how that turns out.

You must have misread his post or something. I thought it was pretty meaningful. In response to someone going on about poking the bear of politics, all he did was say don't discuss politics on the internet and you'll be better off. Take a walk outside and chill.

Accusing him of being condescending, Pot meet Kettle.

And right there YOU are talking about fighting back against "Evil". This is the sort of delusional thinking that has people burning Tesla's.

[ua_guy]

Everyone holds "dollars." That tells me you all have faith that USA will not fail. What happens if USA fails. I can tell you what will happen. Your dollars will be worth toilet paper as Robert Kiyosaki says it. Gold hit $3500. Bitcoin is $88,000 today. You all keep hold US dollars.

For now I believe the USA won't completely fail. It survived bad policy and poor leadership in the past and I think it will again. But how far will we fall? I'm not sure, and this time around has me guessing it could be the worst in history.

Spoiler alert...You're still valuing Gold and Bitcoin in...USD When the USD has no value, your gold will only be worth what you can trade it for, and bitcoin will be useless.

[ua_guy]

And right there YOU are talking about fighting back against "Evil". This is the sort of delusional thinking that has people burning Tesla's.

Actually it isn't. Delusional is thinking the destruction of our economy comes with a pot of gold for the working man at the end. I think we can all agree wrongly detaining people and deporting US citizens goes against our constitution. Don't double down on this, you don't want to know where it goes.

[myrdale]

I think we can all agree wrongly detaining people and deporting US citizens goes against our constitution. Don't double down on this, you don't want to know where it goes.

"Wrongly detaining people" AND "deporting US citizens"

Two completely different issues.

The police wrongfully detain people every day and are sued in court.

No one is deporting US citizens. There is one MS-13 gang member who has had been involved in murder investigations, with questionable legal status, who isn't actually an American citizen at all who was deported. Everyone is jumping up and down over.

Who are these US citizens being deported?

[myrdale]

Don't double down on this, you don't want to know where it goes.

What does THAT mean?

[ua_guy]

What does THAT mean?

It means exactly how it reads. Confidence in the US dollar is dropping because current fiscal (and political) policy is turning us away from our roots in the Constitution and also sound economic policy, and investors are taking note. The current sell-off of American assets is young, but it's very real and caught the attention of the Tax Man himself, which caused him to cool his jets for another 90 days, catapulting markets into unchartered levels of uncertainty.

Every one of these things - Taxes without representation, our own government acting to devalue the US dollar, deporting US citizens and imprisoning them in foreign countries, this is all very un-American and is leading us down a path which I don't think any of us ultimately want. Do you?

These recent events of attacking the US economy and devaluing the dollar and encouraging sell-off of American assets doesn't have to happen. It's completely avoidable, even if the goal is to accomplish the aforementioned charade of bringing back manufacturing--which, as time goes on, I don't think is actually the goal. The goal could be far more sinister and damaging.

[myrdale]

deporting US citizens and imprisoning them in foreign countries

Name one.

[ua_guy]

Name one.

The GAO/Office of Government Accountability does not release specific names or comment on specific cases, and certainly not under this administration where the heads have been replaced by those who are sympathetic to trump's agenda. They have reported about 70 US Citizens so far under this administration. And, as we all know, your leader is publicly calling for the deportation and foreign imprisonment of US citizens who have committed crimes. Can you tell me again how deporting and imprisoning a US citizen is legal? It isn't, period.

And while I don't wish to argue the above, because it IS happening, it's part of this scare/coercion tactic to undermine confidence in what the US has stood for, based in the Constitution, since its inception. First go for Government Institutions, then Higher Education, The Media, all while feigning economic protectionism and boosting the status of the working man. I hope you see a parallel here, and that people like you and I are lucky to only be involved from a financial perspective at this point. But it doesn't / won't end there and I worry that the current economic policy -- or lack of anything other than chaos and confusion at this point - will compromise our financial prosperity.

Can you imagine if this was happening under a leader to which you weren't sympathetic? I'd wager you'd be hanging off the side of the capitol right now demanding retribution. Instead, there's mental gymnastics regarding how these policies are somehow beneficial. Have you noticed what's happening to prices? They're going up. Again.