Trump's victory and it's implications to world Economies

Abiky

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Quote from: viljy on December 28, 2024, 02:30:01 AM

So you're wondering if the new president will be able to end military conflicts. Better think about whether he will start new ones. There is similar news in the media: Denmark has increased its military budget to protect Greenland (from Trump's claims). Trump has proposed Canada to become the next state of the USA. Trump is hinting at the return of the Panama Canal zone. Perhaps these are just outrageous antics, but for what purpose?
It is much more interesting what the new policy regarding cryptocurrencies will be. Or will it remain at the level of expectations from unfulfilled promises?

I think Trump is all talks (teasing). It's unlikely he will do as planned. Especially when it will break down his promise of world peace. For America to be great, wars need to be avoided at all costs. We should expect the situation between Russia-Ukraine and the Middle East to calm down while Donald Trump is POTUS. At least until 2028.

With Elon Musk by Trump's side, I'm certain America and the world's economy will recover. Assuming Trump doesn't go out of hand with the tariffs. As for crypto, it will be sailing smoothly within the next 4 years. Subject to the incoming administration's policies. It's an unpredictable future, so I'd hope for the best.

Mate2237

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Quote from: uche6215 on November 06, 2024, 04:40:50 PM

With Donald trump being declared winner of the just concluded united state of America election what is the future of global Economies and what is his stand on the ongoing wars currently going on in the world , does he have the capacity to end the Israel and Palestine war and the Russia vs Ukraine war which has lasted over two years now and has impacted negatively on the world economy

Will trump's second missionary journey back to the white house change American foreign policy and force Israel to stop the war and go the part of peace?

Let share our opinion here

Trump's coming to power has little chance of bringing the two wars ongoing in the world to a stop because critically looking at the person of trump in the Israel Palestine issue trump is looking likely to put more fire as it was trump who in his first tenure declared Jerusalem the sole capital of Israel which was against the agreement of a two states ownership of Jerusalem again Trump first tenure was marked by accusations about Russia helping to rig trump into power so invariably speaking trump may have some affiliation with Russia too and have soft spot for them

So personal speaking I don't see any magic that trump is going to bring to the table in this is second term as president of the united state because talking about American foreign policy it's not going to change because of these war's, because with what I can see and understand America has an interest in the two ongoing war's

viljy

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Quote from: uche6215 on November 06, 2024, 04:40:50 PM

With Donald trump being declared winner of the just concluded united state of America election what is the future of global Economies and what is his stand on the ongoing wars currently going on in the world , does he have the capacity to end the Israel and Palestine war and the Russia vs Ukraine war which has lasted over two years now and has impacted negatively on the world economy

Will trump's second missionary journey back to the white house change American foreign policy and force Israel to stop the war and go the part of peace?

Let share our opinion here

So you're wondering if the new president will be able to end military conflicts. Better think about whether he will start new ones. There is similar news in the media: Denmark has increased its military budget to protect Greenland (from Trump's claims). Trump has proposed Canada to become the next state of the USA. Trump is hinting at the return of the Panama Canal zone. Perhaps these are just outrageous antics, but for what purpose?
It is much more interesting what the new policy regarding cryptocurrencies will be. Or will it remain at the level of expectations from unfulfilled promises?

summonerrk

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As far as I can see, there are already a lot of topics about Trump on the forum, and this means that the crypto community really expects decisive actions from the new US president in promoting cryptocurrencies and blockchain. And this is justified, because he will not take office anytime soon, only in three weeks. But he has already done so much like no one else. And this means that we are doing the right thing by waiting for new advances in cryptocurrencies, because if the US president is interested in them, then this means that the rest of the world will soon become interested as well.

uche6215

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Quote from: Abiky on November 07, 2024, 07:25:34 PM

Quote from: uche6215 on November 06, 2024, 04:40:50 PM

With Donald trump being declared winner of the just concluded united state of America election what is the future of global Economies and what is his stand on the ongoing wars currently going on in the world , does he have the capacity to end the Israel and Palestine war and the Russia vs Ukraine war which has lasted over two years now and has impacted negatively on the world economy

Will trump's second missionary journey back to the white house change American foreign policy and force Israel to stop the war and go the part of peace?

Let share our opinion here

I sure hope so. No one wants wars. Especially when they raise the cost of living (inflation). Wars only benefit politicians and the wealthy. It should only be a matter of time before Trump puts an end to this madness. What worries me are the trade tariffs proposed by President Trump during his political campaign. If he goes through with them, foreign countries might increase the cost of imported goods in the long run. This will worsen inflation in the long run.

At least, that's how I understand it. China is the second-largest economy in the world. I believe tariffs should be as low as possible for the good of the global economy. I dunno. I'm not the economic expert here. Maybe Trump will pull it off and put America (and the globe) right back on the spotlight? One can only imagine.

About the trade tariffs it was part of his campaign to likely he is going to implement the plans I think it a political issues and every decision that leaders take whether negative or positive it's the citizens that will suffer because the implications is that if trump go ahead with his plan there will be tariffs added to goods imported to the united state so it's vice visa

pooya87

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Quote from: tygeade on December 18, 2024, 10:55:42 AM

I am not entirely sure if that's the case or not. I mean all the things he is threaten others, could also hurt USA itself as well, and not entirely sure if that would be something good.

Like for example, this entire tariff business thing, sure I get that you can make it 100%, and that's something real, he is trying to strongarm them, but what if that also increases inflation to a point where it hurts people a lot again, and then the interest rates would have to increase to slow down or stop inflation again, and this causes recession because people would put money into interest instead of investing? And the number of jobs lost because companies would rather put their money into bank instead of pay a lot of salary? All of these are real risks.

Last time he was in office and tried his version of tariff war, it did cause inflation in the US and more (higher taxes, jobs lost, etc.). I started a topic on it here a while ago with some thoughts on the possibilities: https://bitcointalksearch.org/topic/us-china-economy-war-radical-trump-higher-inflation-interest-rates-war-5503157

To add to that, I'd say his decisions may isolate USA more since parts of Europe won't follow him and instead they'll increase their trades with China because when China retaliates with sanctions and tariffs of their own, Europe would suffer more. The same way Europe suffers a lot more than US during the ongoing US/Russian war.

tygeade

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Quote from: Abiky on December 17, 2024, 01:11:13 PM

Trump is the strongman that will make other countries respect America again. BRICS will have no choice but to embrace the USD or face its demise. I mean, there's no other alternative Fiat currency that can compete with the USD. Unless, the bloc is planning to embrace BTC for international payments. That would be huge. A better option than making their own currency from scratch.

Even Gold is not as scarce as we once thought it was. New Gold deposits are being found as we speak. The digital Gold for the 21st century (aka Bitcoin), will ultimately render Gold (and Fiat currencies) obsolete. This is the way. "Fix the money, fix the world". Right? We're living in uncertain times, so let's hope for the best.

I am not entirely sure if that's the case or not. I mean all the things he is threaten others, could also hurt USA itself as well, and not entirely sure if that would be something good.

Like for example, this entire tariff business thing, sure I get that you can make it 100%, and that's something real, he is trying to strongarm them, but what if that also increases inflation to a point where it hurts people a lot again, and then the interest rates would have to increase to slow down or stop inflation again, and this causes recession because people would put money into interest instead of investing? And the number of jobs lost because companies would rather put their money into bank instead of pay a lot of salary? All of these are real risks.

DrBeer

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Quote from: Abiky on December 17, 2024, 01:11:13 PM

Quote from: DrBeer on December 01, 2024, 07:10:07 AM

Very positive news !

Trump threatened 100 percent tariffs on BRICS countries if they create a new currency to replace the US dollar
“We demand a commitment from these countries that they will not create a new BRICS currency or support any other currency that will replace the mighty U.S. dollar, or they will face 100 percent tariffs and must say goodbye to sales to the wonderful U.S. economy (...) They can go find another 'sucker'. There is no chance that the BRICS will replace the US dollar in international trade and any country that tries to do so should say goodbye to America,” Trump wrote on his Truth Social platform.

And this is not an empty threat like some rogue presidents do, this is what he DOES.

We can assume that the BRICS will either abandon the dubious idea of replacing the dollar, or rather the position of dedollarization imposed by the rogue countries. Otherwise, many RICS members will simply leave the union or trade for the dollar or their national currency, as the Western market is more important to them than the delusional ideas of some politically embittered midgets.

Trump is the strongman that will make other countries respect America again. BRICS will have no choice but to embrace the USD or face its demise. I mean, there's no other alternative Fiat currency that can compete with the USD. Unless, the bloc is planning to embrace BTC for international payments. That would be huge. A better option than making their own currency from scratch.

Even Gold is not as scarce as we once thought it was. New Gold deposits are being found as we speak. The digital Gold for the 21st century (aka Bitcoin), will ultimately render Gold (and Fiat currencies) obsolete. This is the way. "Fix the money, fix the world". Right? We're living in uncertain times, so let's hope for the best.

It's not that Trump is a strong player, although he is, it's that the US (and hopefully followed by the EU and other developed western countries), will stop “playing with the bastards by gentleman's rules”. With this approach, you are guaranteed to lose. Those who see impunity are “entitled” to permissiveness and irresponsibility. The last decades, because of the “gentleman's rules of the game of the West” disgraced and weakened the Western world. It is time to start playing by the same rules. Now it is true that there will be a lot of squealing from those to whom the “gentleman's rules” will no longer apply. It will definitely be Russia, Iran, North Korea and some other countries that have decided that their criminal regimes, their crimes, their lawlessness, will forever remain unpunished.... It's time for a game changer

EarnOnVictor

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Quote from: uche6215 on November 06, 2024, 04:40:50 PM

With Donald trump being declared winner of the just concluded united state of America election what is the future of global Economies and what is his stand on the ongoing wars currently going on in the world , does he have the capacity to end the Israel and Palestine war and the Russia vs Ukraine war which has lasted over two years now and has impacted negatively on the world economy

A new president often has some kind of diplomatic change effect on situations, this may not be different. But with the Israel and the Middle East war, Trump will not be diplomatic and he has sent a stern warning to Iran already. If you remember his last tenure, you would realise that Iran and Trump are foes, to the point that they issued a bounty on his head at a point. So war backed by Iran is the same as Trump's opposition. It's the world's collective effort that can end the war.

As for the Russian aggression on Ukraine, well, it depends on the agreement reached by him and Putin. If Putin proves stubborn, Trump may even escalate the issue more.

Cookdata

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Quote from: Abiky on December 17, 2024, 01:11:13 PM

Trump is the strongman that will make other countries respect America again. BRICS will have no choice but to embrace the USD or face its demise. I mean, there's no other alternative Fiat currency that can compete with the USD. Unless, the bloc is planning to embrace BTC for international payments. That would be huge. A better option than making their own currency from scratch.

Even Gold is not as scarce as we once thought it was. New Gold deposits are being found as we speak. The digital Gold for the 21st century (aka Bitcoin), will ultimately render Gold (and Fiat currencies) obsolete. This is the way. "Fix the money, fix the world". Right? We're living in uncertain times, so let's hope for the best.

This isn't even about BRICS alone, it's about the fact that this has been going on for long under this current administration and nothing has been said about it is amusing until now that Trump came and he is blowing hot. I remember something like this was about to happen in western Africa, they wanted to create fiat currency for ECOWAS to settle trade within among the members of the western African countries but after some years, they went silent, I guess world bank shut them down through the pressure from the united state.

However, what's even bully in the first place, the world doesn't revolved around US, they can't be the only county to be powerful. This is why many countries partnerships with China is growing steadfast and I have seen a reason why Donald Trump is always quick to mention "China", "ask China" whenever he is been questioned by the media, he doesn't open his mouth to say north Korea, it's Russia like he always does with China. Grin

Abiky

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Quote from: DrBeer on December 01, 2024, 07:10:07 AM

Very positive news !

Trump threatened 100 percent tariffs on BRICS countries if they create a new currency to replace the US dollar
“We demand a commitment from these countries that they will not create a new BRICS currency or support any other currency that will replace the mighty U.S. dollar, or they will face 100 percent tariffs and must say goodbye to sales to the wonderful U.S. economy (...) They can go find another 'sucker'. There is no chance that the BRICS will replace the US dollar in international trade and any country that tries to do so should say goodbye to America,” Trump wrote on his Truth Social platform.

And this is not an empty threat like some rogue presidents do, this is what he DOES.

We can assume that the BRICS will either abandon the dubious idea of replacing the dollar, or rather the position of dedollarization imposed by the rogue countries. Otherwise, many RICS members will simply leave the union or trade for the dollar or their national currency, as the Western market is more important to them than the delusional ideas of some politically embittered midgets.

Trump is the strongman that will make other countries respect America again. BRICS will have no choice but to embrace the USD or face its demise. I mean, there's no other alternative Fiat currency that can compete with the USD. Unless, the bloc is planning to embrace BTC for international payments. That would be huge. A better option than making their own currency from scratch.

Even Gold is not as scarce as we once thought it was. New Gold deposits are being found as we speak. The digital Gold for the 21st century (aka Bitcoin), will ultimately render Gold (and Fiat currencies) obsolete. This is the way. "Fix the money, fix the world". Right? We're living in uncertain times, so let's hope for the best.

DrBeer

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Quote from: pooya87 on November 27, 2024, 07:38:07 AM

Quote from: Smartprofit on November 18, 2024, 09:29:26 AM

In response to this, in order to maintain the competitiveness of exported products, the Communist Party of China may devalue the Chinese yuan.

But the reason why China has ever lowered the exchange rate of Yuan was to keep their products cheaper in comparison to the competition. When US imposes more tariffs on Chinese product, those products will still remain cheap like before for 96% of the world and very expensive for Americans.
Playing with exchange rate won't affect that at all.

What China most probably will do is the same thing they did last time, impose their own tariffs on American products followed by dumping more US treasury bonds that could also lead to crashing the US dollar value.

First of all, there was no significant “collapse” of the yuan exchange rate, and this is provided that for quite a long period of time the Chinese yuan, due to deflation, on the contrary, increased in value, so that the goods did not become cheaper for sure, and the more so they became more expensive for poor countries. China is trying to fight deflation, but so far is not doing well....

Resetting US Treasury bonds will not improve the situation in China, and it will not create problems for the US. US bonds are liquid, if China does not buy them, other countries will buy them, because bonds are trusted and in demand. If you look at the report of the US Treasury Department, it is easy to see that. And by the way, it is also easy to see that the total demand for bonds is stable, and in the framework of “year to year” tends to grow:
https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

Mate2237

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Even know things are gradually getting better and both the fiat economy and cryptocurrency ecosystem. The price of bitcoin has been doing well since the emerged of President Elect Donald Trump and when he has finally inaugurated in Tor the power house and when has started enacting the economic policies many things will change to good. But all these are just prediction. Human mind is a chameleon which can be changed at anytime. This is how we predicted the current president of Nigeria that he would do well to boost the country economy and everyone would benefit but opposite is the happing in the country right now. Everyone is crying both Civil Servants and unemployed.
When we see that Trump do well, we take and if rhe didn't we still take. We have mastered the suffering in the world.

dansus021

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Quote from: Wakate on November 23, 2024, 04:47:26 PM

Quote from: Nanga Parbat on November 22, 2024, 02:31:50 PM

Quote from: dansus021 on November 16, 2024, 11:23:44 AM

~SNIP~

See, I consider Trump to be the best president and human being in the world because his mind is everywhere and on everything. I don't think there has ever been an event where Trump was wrong.He had said before become the president that if I become the prime minister and the president we will see a new America once again. Because it has taken Bitcoin to a point no one else could have. It remains to be seen what other feat he has promise.

America will not do this at all because Israel is its friend and therefore will not have any conflict with it. That why I think he is a sensible person and intelligent because he is not like other president because he know how to run this country. And no one can run a country like him this is my claim.

Trump is the best person for that position and I am happen we are going to see more of his actions again. Biden has really tried and we hope to hear about him in the future but I want Trump to step in and make things work as it supposed to be. Just take a look at the Russian Ukraine war, the war would have not being in existence if Trump was supposed to be the president. Now, is like the democratic want to cause some commotion before leaving the office for the really man that is in to make changes. We are going to see another new dimension of what is called power and we could see Trump changing the economy to do better than his past time in office.

Well since like I was said before that trump is businessman and he knows that war is bad for the economic and only benefit one or two companies if he can stop the war that would really great. Yeah I agree with you @naga Parbat Israel is US friend and I dont like with this conflict either.

I hope the war ending soon and all the candle can turn green again

summonerrk

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Quote from: uche6215 on November 06, 2024, 04:40:50 PM

With Donald trump being declared winner of the just concluded united state of America election what is the future of global Economies and what is his stand on the ongoing wars currently going on in the world , does he have the capacity to end the Israel and Palestine war and the Russia vs Ukraine war which has lasted over two years now and has impacted negatively on the world economy

Will trump's second missionary journey back to the white house change American foreign policy and force Israel to stop the war and go the part of peace?

Let share our opinion here

Yesterday Trump made an unexpected statement that the US will not accept trade relations with those who, as part of BRICS, will begin to develop an alternative to the dollar. And this is alarming, the thing is that the dollar is considered a powerful currency, and it feels like Trump is not so much afraid that the power of the dollar is falling, but that he will not look like a defender of the US.

In general, I think that he is showing populism and trying to look strong for his voters, showing that he is protecting them.

DrBeer

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Very positive news !

Trump threatened 100 percent tariffs on BRICS countries if they create a new currency to replace the US dollar
“We demand a commitment from these countries that they will not create a new BRICS currency or support any other currency that will replace the mighty U.S. dollar, or they will face 100 percent tariffs and must say goodbye to sales to the wonderful U.S. economy (...) They can go find another 'sucker'. There is no chance that the BRICS will replace the US dollar in international trade and any country that tries to do so should say goodbye to America,” Trump wrote on his Truth Social platform.

And this is not an empty threat like some rogue presidents do, this is what he DOES.

We can assume that the BRICS will either abandon the dubious idea of replacing the dollar, or rather the position of dedollarization imposed by the rogue countries. Otherwise, many RICS members will simply leave the union or trade for the dollar or their national currency, as the Western market is more important to them than the delusional ideas of some politically embittered midgets.

pooya87

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Quote from: Abiky on November 29, 2024, 03:00:08 AM

Since Trump did well during his first-term as President of the United States, I'm certain everything will be fine within the next 4 years.

Did he really do well in his first term?
I don't think so. And that wasn't just because he was incompetent but also because COVID19 pandemic broke out and crashed the global economy. That meant during his last 2 years in office US economy was in an even worse terrible shape. He simply had no plan for it, telling people to "drink bleach to kill the virus" Cheesy

In his second term the way he is filling his cabinet with warmongers, I don't think the global tensions are going to ease anytime soon. Which means more negative news about global economy...
Also unlike previous time, all of these new warmongers have no political weight which means they will have to obey all Trump's radical madman doctrine. That means there won't be anybody to even slow his craziness down this time...

AVE5

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Quote from: uche6215 on November 06, 2024, 04:40:50 PM

With Donald trump being declared winner of the just concluded united state of America election what is the future of global Economies and what is his stand on the ongoing wars currently going on in the world , does he have the capacity to end the Israel and Palestine war and the Russia vs Ukraine war which has lasted over two years now and has impacted negatively on the world economy

Will trump's second missionary journey back to the white house change American foreign policy and force Israel to stop the war and go the part of peace?

Let share our opinion here

As a matter of dialogue you don't need to force a party. That's ought to be a diplomatic alliance of Trump and the Israel and Palestine not to emphasize strickly of enforcing Israel to stop the war. Palestine too had to be forced if being forced is the only option to end the war.
However, I believe Trumps regime will take a great impact to emd the war soon since Israel is an alliance with the NATO, they'd definitely adhere to the UN in conjunction with Trump's dialogues team orders.
What we should fear about is the Palestine not to compromise the alliance because their accomplice might not want an end of this war soon.
But nevertheless, peace is priceless and hope this war become something of history soon because lot of lives and properties has been lost and so also has affected the form of economy globally.

Abiky

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Quote from: pooya87 on November 27, 2024, 07:38:07 AM

But the reason why China has ever lowered the exchange rate of Yuan was to keep their products cheaper in comparison to the competition. When US imposes more tariffs on Chinese product, those products will still remain cheap like before for 96% of the world and very expensive for Americans.
Playing with exchange rate won't affect that at all.

What China most probably will do is the same thing they did last time, impose their own tariffs on American products followed by dumping more US treasury bonds that could also lead to crashing the US dollar value.

Probably. For what I know, China doesn't want to get left behind in the dust. So it will take measures to protect its economy, even if that means severing its relationship with the US. There needs to be a balance between both sides if we want to preserve global economic prosperity. Trump must act wisely to keep the American economy afloat, while preventing "Communist China" from getting stronger. Going out of hand by enforcing large trade tariffs, will ultimately backfire to the US and the rest of the world.

Since Trump did well during his first-term as President of the United States, I'm certain everything will be fine within the next 4 years. With Bitcoin riding off into the sunset, what could go wrong? Cheesy

pooya87

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Quote from: Smartprofit on November 18, 2024, 09:29:26 AM

In response to this, in order to maintain the competitiveness of exported products, the Communist Party of China may devalue the Chinese yuan.

But the reason why China has ever lowered the exchange rate of Yuan was to keep their products cheaper in comparison to the competition. When US imposes more tariffs on Chinese product, those products will still remain cheap like before for 96% of the world and very expensive for Americans.
Playing with exchange rate won't affect that at all.

What China most probably will do is the same thing they did last time, impose their own tariffs on American products followed by dumping more US treasury bonds that could also lead to crashing the US dollar value.

Topic: Trump's victory and it's implications to world Economies (Read 1463 times)