Menu
Sister Sites

  • Trump Demands ‘Commitment’ From BRICS Nations on Using US Dollar

    From bnnbloomberg.ca

    US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump said in a post to his Truth Social network on Saturday. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should ... (full story)

LOL... Tariff weaponry
USA thinks it's 1950s

China can make almost any thing now and India can make it too
Complete Victory Is Near!!!
AI All Time Pips: 2,788
Quoting Vancarbon
I don’t think he understands that ship has sailed and rightly so. Many of the BRIC nations have come to realise that the use of the dollar is weaponised against them when required. Applying 100% tariffs will completely backfire on the US economy and threats won’t work against a bloc of nations united. He needs to change tactics and build bridges with these nations gaining trust not throw his weight around. We’re heading for a crescendo coming into his inauguration, volatility will be the main player.
imho upon close examination, this is full of editorial opinion. continuation, at every possible point, of biased copy. the only accurate part of this article is, we will not longer stand idly by and do nothing. the current administration is lost in space and completely compromised.
Western currency against Eastern potential new currency. This is gonna be epic.
90% of trading is preparation
Quoting teprewitt23
{quote} imho upon close examination, this is full of editorial opinion. continuation, at every possible point, of biased copy. the only accurate part of this article is, we will not longer stand idly by and do nothing. the current administration is lost in space and completely compromised.
So what's he going to do exactly since it seems you know the playbook?
The solution is (x).
To paraphrase Samuel Clemens (aka Mark Twain): The rumors of the demise of the dollar have been highly exaggerated.

Two recent articles from The Economist:

"The American national economy has left all the other rich countries of the world in the dust" and
"The American productivity remains the highest in the world."
Quoting Momofrmnyc
{quote} So what's he going to do exactly since it seems you know the playbook?
i have absolutely no idea, i am just an old man from a completely different world that recognizes bias, hypocrisy, and truth.
  •  Guest
  • | IP XX.XXX.185.102
Oh well... Unfortunately, that's no longer that simple Mr. Trump.
Quoting Vancarbon
I don’t think he understands that ship has sailed and rightly so. Many of the BRIC nations have come to realise that the use of the dollar is weaponised against them when required. Applying 100% tariffs will completely backfire on the US economy and threats won’t work against a bloc of nations united. He needs to change tactics and build bridges with these nations gaining trust not throw his weight around. We’re heading for a crescendo coming into his inauguration, volatility will be the main player.
Everytime someone screams "volatility"... it doesn't arrive. I wonder why.
Quoting Vancarbon
I don’t think he understands...... He needs to change tactics and build bridges with these nations gaining trust not throw his weight around. We’re heading for a crescendo coming into his inauguration, volatility will be the main player.
Trump's is a transactional worldview where the only acceptable outcome is Trump winning. There's no win-win. He won't change & will stick to his guns & go down blazing if that's what it comes to. Only question is, who on the World stage will have the cojones to stand up to him?
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting ww3361
{quote} Everytime someone screams "volatility"... it doesn't arrive. I wonder why.
over-prognostication breeds complacency. But complacency will only make volatility more intense when it does arrive. What is really the point in Trump threatening to impose tariffs on the BRICs, other than to cause a little stir and see what the reaction is? Is it any surprise that Trump's cabinet, stocked with billionaire hedge funders and investment bankers, is built for market manipulation?
"If The Fool persists in his Folly he will become wise." - William Blake
I'm looking over our Amazon orders for the last couple months...60+ items...everything from clothes to catfood to watches, shoes, nutritional supplements, tools, etc. 20+ items of clothing & all but one were made abroad. 3 watches same story - one was assembled in CO from parts sourced abroad. All power tools from overseas, 3 pair of shoes all made abroad. Go to any department store same story. An isolationist USA will not happen overnight.
"If The Fool persists in his Folly he will become wise." - William Blake
"Promises made, promises kept." is the Trump team slogan. So, one shouldn't be surprised if he does all of it. If things start to break, they may argue thar's what people wanted when they voted for him.
"If The Fool persists in his Folly he will become wise." - William Blake
He is just bluffing and this will continue for next 4 years. For those who are interested to trade his tweets. Check my thread on it.
Complete Victory Is Near!!!
AI All Time Pips: 2,788
Quoting IndianFX
He is just bluffing and this will continue for next 4 years. For those who are interested to trade his tweets. Check my thread on it.
You don't have a way of knowing when he will tweet, so you will never be doing anything but reacting. That said, in the never-ending bull market, you can btfd and his tweets might be the only dip being served.
"If The Fool persists in his Folly he will become wise." - William Blake
  •  Guest
  • | IP XXX.XX.216.73
BRICKS will trade with one another
  • New Comment
  •  Guest
  • | IP XX.XX.9.169
Join CC
  • Story Stats
  • Posted: Nov 30, 2024 9:07pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 16  /  Views: 8,910

  • Related Stories