Nation states run away from $ and invest in € thanks to Trump

Discussion in 'Current Events' started by Sobo, Jun 15, 2019.

  1. Sobo

    Sobo Banned

    Joined:
    Apr 1, 2017
    Messages:
    10,309
    Likes Received:
    1,946
    Trophy Points:
    113
    Gender:
    Male
    The Dolelr is still the most important reserve currency in the world but Trumps politics let more and more nations witch theirr eserves from Doller to Euro

    Russia alone transfered 100 billion $ into €. China and Brazil did the same.

    The amount of SWIFT transactions in $ sunk to 39,1% while the transactions in € did rise to 35%.

    https://www.focus.de/finanzen/boers...sorgt-fuer-comeback-des-euro_id_10823064.html
     
  2. Dutch

    Dutch Well-Known Member Past Donor

    Joined:
    Apr 24, 2010
    Messages:
    46,383
    Likes Received:
    15,488
    Trophy Points:
    113
    Gender:
    Male
    :hiding:
     
  3. Thedimon

    Thedimon Well-Known Member

    Joined:
    Mar 17, 2018
    Messages:
    12,121
    Likes Received:
    8,714
    Trophy Points:
    113
    Gender:
    Male
    F6C61C8B-C26D-418E-A254-AB31273B9CD6.gif
     
    Tim15856, Jestsayin and HB Surfer like this.
  4. US Conservative

    US Conservative Well-Known Member Past Donor

    Joined:
    May 19, 2015
    Messages:
    66,099
    Likes Received:
    68,212
    Trophy Points:
    113
    Gender:
    Male
    That's a nice island the euro's have got.

    Be a shame if it brexited.
     
  5. Sobo

    Sobo Banned

    Joined:
    Apr 1, 2017
    Messages:
    10,309
    Likes Received:
    1,946
    Trophy Points:
    113
    Gender:
    Male
    Thats a nice Scotland, Gibraltar and Northern Ireland that the UK got.

    Be a shame if they leave and join EU.

    Well, the UK has to choose now to either stay in EU or become a EU protectorate. Thanks to their PM May who basicly did evrything in her power to betray her own nation and negotiated so retarded, that the EU won.
     
  6. Sobo

    Sobo Banned

    Joined:
    Apr 1, 2017
    Messages:
    10,309
    Likes Received:
    1,946
    Trophy Points:
    113
    Gender:
    Male

    Basicly it pushs USA back in financial matters.

    Your power to sanction Iran exist only on the fact that the energy is paid in $. Once that changes, USA is cut down
     
  7. mdrobster

    mdrobster Well-Known Member

    Joined:
    Aug 11, 2011
    Messages:
    34,172
    Likes Received:
    12,799
    Trophy Points:
    113
    I agree his highway-or-myway approach doesn't yield the expected results.
     
    Sobo likes this.
  8. TomFitz

    TomFitz Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    40,412
    Likes Received:
    15,895
    Trophy Points:
    113
    Sorry, but the PM is not allowed to unilaterally negate a vote.

    I sincerely hope that it comes down to another vote, and that sensible forces prevail this time.
     
  9. Thedimon

    Thedimon Well-Known Member

    Joined:
    Mar 17, 2018
    Messages:
    12,121
    Likes Received:
    8,714
    Trophy Points:
    113
    Gender:
    Male
    Energy is paid in $ to whom? Iran? Iran isn’t even allowed to use USD.
    You need to understand the root of the reason why USD is widely used to understand that your claims are just wishful thinking.
     
  10. Thedimon

    Thedimon Well-Known Member

    Joined:
    Mar 17, 2018
    Messages:
    12,121
    Likes Received:
    8,714
    Trophy Points:
    113
    Gender:
    Male
    First of all - I’m not a trumpster. I didn’t even vote for him. I just see no point in endless hysteria that dems are engaging in.
    Second - I wouldn’t be able to find Europe on the map? Considering that I was born in Ukraine and crossed Atlantic Ocean more times than I wanted to, I’ll be accurate to say that I probably have been around a lot more places than you ever will.

    So, you made two points and both of them are just plain wrong. Congrats, you are great at profiling!
     
    Badaboom, Tim15856, Lil Mike and 3 others like this.
  11. FreshAir

    FreshAir Well-Known Member Past Donor

    Joined:
    Mar 2, 2012
    Messages:
    150,178
    Likes Received:
    62,816
    Trophy Points:
    113
    if the value of the dollar drops, so does the value of our debt to those that loaned us the money

    but I understand the nation wanting diversity, not good for us, but I understand it, Trump is giving the world less confidence in our country

    Trump told the world American is not good for our word when he broke the Iran deal
     
    Last edited: Jun 15, 2019
    Sobo likes this.
  12. TomFitz

    TomFitz Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    40,412
    Likes Received:
    15,895
    Trophy Points:
    113
    Well, you broadcast your parochial world view, regardless of how many times you’ve been back and forth.

    And I have a Ukrainian friend who is a Trumpsters.
     
  13. TomFitz

    TomFitz Well-Known Member

    Joined:
    Jan 9, 2013
    Messages:
    40,412
    Likes Received:
    15,895
    Trophy Points:
    113
    If the value of the dollar drops, the cost of capital (particularly money that has to be borrowed to pay for Trump’s rapidly skyrocketing deficits) rises.
     
    FreshAir likes this.
  14. Chuck711

    Chuck711 Well-Known Member

    Joined:
    Mar 27, 2017
    Messages:
    3,756
    Likes Received:
    2,365
    Trophy Points:
    113
    Gender:
    Male
    Tourism to the USA down since Trump .................. More millions of loss Revenue under Trump
     
  15. squidward

    squidward Well-Known Member

    Joined:
    Jan 23, 2009
    Messages:
    37,112
    Likes Received:
    9,515
    Trophy Points:
    113
    Euros make Germans slaves to international bankers.
    Don't cheer your own demise.
     
  16. Thedimon

    Thedimon Well-Known Member

    Joined:
    Mar 17, 2018
    Messages:
    12,121
    Likes Received:
    8,714
    Trophy Points:
    113
    Gender:
    Male
    What exactly was the Trumpster view in my post to Sobo? Can you please elaborate?
     
  17. Thedimon

    Thedimon Well-Known Member

    Joined:
    Mar 17, 2018
    Messages:
    12,121
    Likes Received:
    8,714
    Trophy Points:
    113
    Gender:
    Male
    As if we were dependent on tourism revenue.
     
  18. fmw

    fmw Well-Known Member

    Joined:
    Aug 21, 2009
    Messages:
    37,758
    Likes Received:
    14,563
    Trophy Points:
    113
    I can't figure out whether you are a German nationalist or an anti-American. At the moment my money is on the latter.
     
  19. Reasonablerob

    Reasonablerob Well-Known Member

    Joined:
    Dec 31, 2018
    Messages:
    9,852
    Likes Received:
    3,831
    Trophy Points:
    113
    Gender:
    Male
    Bad move, with the UK leaving the EU the euro will probably dive.
     
  20. Thedimon

    Thedimon Well-Known Member

    Joined:
    Mar 17, 2018
    Messages:
    12,121
    Likes Received:
    8,714
    Trophy Points:
    113
    Gender:
    Male
    There are way too many variables at play that you can’t comprehend.
    Drop in USD will result in lower cost of the debt repayment and will make American goods more attractive overseas.
     
    US Conservative likes this.
  21. Chuck711

    Chuck711 Well-Known Member

    Joined:
    Mar 27, 2017
    Messages:
    3,756
    Likes Received:
    2,365
    Trophy Points:
    113
    Gender:
    Male
    Only thinking of yourself ?

    A lot of American companies are ..............
     
  22. notme

    notme Well-Known Member

    Joined:
    Nov 16, 2013
    Messages:
    42,019
    Likes Received:
    5,395
    Trophy Points:
    113
    The UK doesn't use the Euro. Never did.
    /facepalm
     
  23. notme

    notme Well-Known Member

    Joined:
    Nov 16, 2013
    Messages:
    42,019
    Likes Received:
    5,395
    Trophy Points:
    113
    It's the pound who took a dive, since 2016... when they had their referendum about the Brexit. And since that, the Euro has climbed a bit vs the buck.
     
    Last edited: Jun 15, 2019
  24. US Conservative

    US Conservative Well-Known Member Past Donor

    Joined:
    May 19, 2015
    Messages:
    66,099
    Likes Received:
    68,212
    Trophy Points:
    113
    Gender:
    Male
    I was referring to the Europeans in the EU.
     
    ButterBalls likes this.
  25. Sobo

    Sobo Banned

    Joined:
    Apr 1, 2017
    Messages:
    10,309
    Likes Received:
    1,946
    Trophy Points:
    113
    Gender:
    Male
    One does not exclude the other
     

Share This Page