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

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.

Abiky

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Quote from: DrBeer on November 24, 2024, 04:05:08 AM

Globalization is like democracy - “not the best option, but all others are worse”

Global economy, global financial system, global politics - everything is globalizing, it's a natural process, and maybe it will develop into something more perfect, but I'm not ready to guess what it will be. Let's hope it's just another stage of humanity's development.

PS Like Trump - not the best choice, but the other was even worse Grin

Agree. We need to choose "the lesser of two evils". Globalization is bad, but a polarized world is even worse. If things continue to go south, a new world order will arise. Just as history has shown us in the past. While American decline is certain, there's a long road ahead before the current world order collapses for good. The US Dollar is still used by many countries. Not to mention, it's the world's reserve currency. China's Yuan and Russia's Ruble have failed to take down the USD's hegemony. At least for now.

Trump will make America strong again. So it's likely countries will respect the US within the next 4 years. Maybe wars between them will also come to an end? One can only hope. If not, then it's bye-bye to the global economy for good.

DrBeer

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Quote from: ovcijisir on November 19, 2024, 04:14:28 PM

Quote from: DrBeer on November 19, 2024, 04:18:41 AM

Quote from: Abiky on November 15, 2024, 03:11:23 PM

We need to get back to "globalization" ASAP. That's if we want peace and economic properity for all. Rising geopolitical conflicts will lead us towards a multi-polarized world. Each country will look for its own interests, instead of working together for a common good. Maybe Trump and his team will get things back on track? Only time will tell. A strong US leadership is sure to put an end to this madness once and for all.

I think the Biden administration's signs of weakness is what led us to this disaster in the first place. If Trump was president instead of Biden, Russia wouldn't had invaded Ukraine, and the Middle East would've still been in peace. Thank God Trump won a second term. Now things will finally get interesting. It will all begin on Jan 20th, 2025 (Inauguration Day). A swift recovery of the world's economy awaits us... Wink

Building a fragmented world, where the basis will be discord, wars, destabilization, constant conflicts - this is the goal of rogue countries like Russia, North Korea, Iran, and the like.
This is critical for totalitarian, anti-human regimes. They cannot live in a progressive developing, competitive world. They need a monopoly on total power, total subjugation, control of the masses of their essentially slaves. Global world unification implies common agreements, compromise solutions, equality, mechanisms of control and enforcement of obligations and laws. I.e. everything that contradicts the concept of totalitarianism and slave world. Therefore, the problem of preserving civilized peace on earth is now acute, otherwise we will be waiting for the “dark ages” and we can forget about a quiet, measured life and plans for the future.

Your predictions remind me of the book 1984 by George Orwell. I always thought as globalization as a evil we must live with, but in times like this it seems like that same globalization is one thing that keeps world from falling apart.

With Trumps victory, if he does as he promised, Europe could suffer if US withdraws military help. It seems that Europe will be on its own.

Globalization is like democracy - “not the best option, but all others are worse”

Global economy, global financial system, global politics - everything is globalizing, it's a natural process, and maybe it will develop into something more perfect, but I'm not ready to guess what it will be. Let's hope it's just another stage of humanity's development.

PS Like Trump - not the best choice, but the other was even worse Grin

Wakate

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

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

Trump's victory and it's implications to world Economies, well maybe first of all I am not a US Citizen so I don't really know what it looks like for the US when Trump is in the office. I do remember when trump made a bold statment about when he is on chair there is no war but when the other president on chair there is always been a conflict.

If he really can stop the conflict between Ukraine Russia and Palestine Israel that will be crazy af and of course the US economic no I mean the world economic can turn green again, since Trump is businessman and he know about money and anything like that. One thing for sure when Trump is president the bitcoin is crazy Up and I hope they make a good thing about crypto in the future

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.

dezoel

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

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

Trump's victory and it's implications to world Economies, well maybe first of all I am not a US Citizen so I don't really know what it looks like for the US when Trump is in the office. I do remember when trump made a bold statment about when he is on chair there is no war but when the other president on chair there is always been a conflict.

If he really can stop the conflict between Ukraine Russia and Palestine Israel that will be crazy af and of course the US economic no I mean the world economic can turn green again, since Trump is businessman and he know about money and anything like that. One thing for sure when Trump is president the bitcoin is crazy Up and I hope they make a good thing about crypto in the future

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 it's 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.

To think Trump is the best human in the world is a very very weird approach, even the wildest trump fans wouldn't think that. Are you sure you know everything about him? Like, have you seen the news in the last ten years or so? I am not entirely sure you are aware of everything about him, and I mean if you just want to deny anything bad that was said about him, even court results, that's on you and I can't say much, and I am not even doubting why anyone would want him as president, that's fine, but the best human? Really?

I understand that the price increase in crypto made everyone in the crypto like him even more, because we got richer, but even that happened because we bought bitcoin, he didn't increase the price himself. Very weird take man, I hope you do well in life, but this one is not really that logical approach to the subject.

Nanga Parbat

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

Trump's victory and it's implications to world Economies, well maybe first of all I am not a US Citizen so I don't really know what it looks like for the US when Trump is in the office. I do remember when trump made a bold statment about when he is on chair there is no war but when the other president on chair there is always been a conflict.

If he really can stop the conflict between Ukraine Russia and Palestine Israel that will be crazy af and of course the US economic no I mean the world economic can turn green again, since Trump is businessman and he know about money and anything like that. One thing for sure when Trump is president the bitcoin is crazy Up and I hope they make a good thing about crypto in the future

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.

Abiky

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Quote from: DrBeer on November 19, 2024, 04:18:41 AM

Building a fragmented world, where the basis will be discord, wars, destabilization, constant conflicts - this is the goal of rogue countries like Russia, North Korea, Iran, and the like.
This is critical for totalitarian, anti-human regimes. They cannot live in a progressive developing, competitive world. They need a monopoly on total power, total subjugation, control of the masses of their essentially slaves. Global world unification implies common agreements, compromise solutions, equality, mechanisms of control and enforcement of obligations and laws. I.e. everything that contradicts the concept of totalitarianism and slave world. Therefore, the problem of preserving civilized peace on earth is now acute, otherwise we will be waiting for the “dark ages” and we can forget about a quiet, measured life and plans for the future.

Yes. I feel you. A globalized world would be a complete nightmare for totalitarian regimes such as China and Russia. But would you imagine an scenario where autoritarianism reigns supreme? Then it will be the end of human progress as we know it. There needs to be a balance between powers for the stabilization of our society.

Fortunately, Trump won the US presidency (again). He aims to put things back on track by enforcing "peace through strength". Once countries respect and fear the US, peace and economic prosperity will be restored. The end of the Russo-Ukraine war and the Middle East crisis would be a good start. If Trump fails, our world will continue to fragment itself (polarized) until a new world order arises. Just as how history has shown us. All I want is for things to go back to the way they were before COVID-19 took the world by storm (back to normal). Or is it too late for that? Sad

Topic: Trump's victory and it's implications to world Economies (Read 1299 times)