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#4 | Posted by oneironaut at 2025-06-19 09:53 AM
This is just an after affect of Biden seizing Russian assets and giving them to Ukraine.
No nation can be the reserve currency and just take other Nations money because you don't like them.
1. It's not "Biden seizing", it's G7 freezing Russian assets / funds, most of which have been in European banks at the time (in whatever acceptable "designated" international currency) more than 3 years ago - USD actually went up 20% in March-August 2022, after G7 "froze" the assets. Euroclear alone is holding vast majority of funds, in euros, EUR195B.
2. ~$300B is a tiny amount of even USD daily trade / transaction volume, and it's earning interest until G7 decides what to do with it. So far Ukraine only received about EUR1B from accrued interest on these funds. Recent Euroclear disbursement of ~$3.4B to Russian investors was controversial, to say the least.
"If it is returned to Russia, it will be converted into tanks, missiles, drones, training of new troops. The world... must demonstrate that unlawful war brings irreversible financial consequences."
3. Until Trump started openly stating that he wants lower USD (to help US exports and make imports more expensive - "lower trade deficit"!) and lower interest rates (which would also lower USD value) - and to "make the US crypto capital of the world" (of course, nothing to do with his own crypto grifts) - USD was in range of 100-108 for ; it dropped sharply since 110 in January 2025 to 98 this week.
IOW, this nonsense has absolutely nothing to do with USD being a "reserve currency" and its exchange rate.
I understand you want to tie anything that happens here economically to "Russia / Putin have been 'treated badly' by the big bad US / West / NATO" and this is all "Biden's fault" but this one is craziest one I've heard.
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#8 | Posted by lfthndthrds at 2025-06-19 03:13 PM
Expect more wars because all America has left to sell is weaponry - and its the absolute best but it's really all we produce anymore.
How so? In absolute $$ terms we are only behind China in manufacturing:
Manufacturing by country (2023/2024, in ~$$B, % of global manufacturing output):
China ---- 4658 (31.6%)
USA ------ 2497 (15.9%)
Germany -- 845 (10.5%)
Japan ---- 818 (5.5%)
India ---- 461 (3.1%)
S Korea -- 416 (2.8%)
Mexico --- 361 (2.4%)
Italy ---- 355 (2.4%)
UK ------- 354 (2.4%)
France --- 334 (2.3%)
Brazil --- 290 (2.0%)
Indonesia . 256 (1.7%)
Russia --- 252 (1.7%)
Turkey --- 215 (1.5%)
Ireland -- 207 (1.4%)
But wait, there is more! USA has much smaller population than China... and much smaller labor force... and US manufacturing sector now employs only 8.5% (12.8M) of US total labor force, while China's manufacturing employs more than 120M / 29% of total labor force! Yet US produces more than half of China's manufacturing output. Companies is other countries (including China) are buying what we manufacture, and companies here are buying what they (we) need for resale or for integrating into value-add products.
By normalized metrics, US manufacturing output is second to none!
For comparison, Vietnam manufacturing sector is 21% of their total labor force, Turkey is at 20%, Germany - 19%, Iran - 18%, Japan and SKorea - 16%, Russia and Indonesia - 14%, Ukraine - 13%, India, Brazil and Argentina - 12%, Canada, UK, Singapore, Netherlands and Israel - 9%...
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Trump's Finances Were Shaky -- Then He Began to Capitalize on His Comeback
Nothing new here - he's made most of his money (-- money) through politics and money-laundering, including and starting with his first Manhattan "real estate deal" with Pritzkers' Hyatt... which, of course. ended in acrimony:
www.thedailybeast.com - Trump's Bitter Personal Feud With Rival Billionaires Is Behind His Harvard Hate Campaign
He was never in Top 10 Developers List in New York City or New Jersey, or success--l in many other enterprises he branched into (airlines, casinos, food. etc.). Most of his golf courses are losing money and financed with Russian mob money.
Just one example of Trump property at a very prestigious location that is worthless, and losing money due to low occupancy:
www.curbed.com - The Weird Worth of 40 Wall Street | Donald Trump's most troubled real estate could soon become a slick machine to curry favor with the president. - Oct. 31, 2024 (a week before election - loan supposedly has just been paid off at the end of June 2025; with all the money thrown at Trump since election**, especially through crypto and obscure public and pre-IPO/reverse merger/SPAC companies where Don Jr and Eric are invited to be on Board) it would be embarrassing to default on very visible "Trump property" in NYC.)
As far as real business is concerned he's been a huge failure all his life, and is well known for breaking agreements / "deals" he negotiated. Most of people who have previously done business with him have turned against him, some ended up in bankruptcies or even in prison... which doesn't bother him a bit as long as he can move on to the new scam and grift - and phony "populism" allows to do this bigly. As well as propensity to offload his personal debts onto other "investors," particularly via worthless public companies (like DJT - 1st and 2nd).
His branding income is only supported because of the office he holds, when "investors" think they can capitalize on it, directly or indirectly; most of it pretty much disappeared after he lost to Biden.
As I've said before - his goals are to stay out of jail, get Nobel Peace Prize or attach his name to something considered positive and consequential in history ("Abraham Accords"! "Trump Accord"!) to wash off his impeachments and dismal record and polling, and grab as much cash and embed his dumb and dumber sons in sustainable "Trump" branded businesses.
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**
www.forbes.com - Don Jr. And Eric Trump Landed $3 Million In Stock For Joining Firm's Advisory Board That Had Little Public Presence Before Their Appointment (DOMH) - 2025-04-17
smokinggun.org - Trump Jr. Becomes GrabAGun Director Ahead of IPO - 2025-04-14
nypost.com - Donald Trump Jr. joining board of BlinkRx - 2025-02-06
www.reuters.com - Eric Trump-backed American Bitcoin to go public through all-stock merger - 2025-05-12
www.coingabbar.com - $620M in 6 Months | Who is Building Trumps Crypto Empire - 2025-07-03
etc., etc.
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