USA and USA dollar problem Biden government new Challenges

bassbity

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Quote from: YOSHIE on November 17, 2020, 08:20:17 AM

I think that in the future Biden government will not be too rigid to run the wheels of government in the US, dollars, oil etc., will run smoothly as usual.

There are many reasons that make the wheels of Biden's government run according to the will of the people.
1. Biden has a lot of support from the Democratic Party sector.
2. I saw Barack Obama's interview, he fully helped the wheels of the Biden presidency in the future.

I think the two promises demanded by the US people in the campaign at that time were fighting the coronavirus & improving the economy, If, the two elements above unite in carrying out the wheels of Biden's government, everything will run normally, including the dollar.

of the two points you mentioned, I agree. However, before carrying out this promise, Biden is currently faced with the problem of being able to unite the Americans who support the trump. they say they haven't completely accepted defeat. and this results in an imbalance between the two parties. in this case, how can Biden convince them and work together to help overcome the economic crisis and overcome the pandemic.

Salauddin1994

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The problem with the united states and the usa dollar is that trump is pursuing a policy of staying well alone he is also trying to stay well on the global epidemic coronavirus issue trump wanted to bribe more than billion to establish a monopoly on the vaccine that german scientists are trying to develop. The prevalence of coronavirus the invisible enemy of the whole world has already proved that no one can be good in the present age this virus cannot be defeated by stealth or single effort but the biden government's new challenges will lead to the development of everything including economic development.

whyrqa

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Quote from: YOSHIE on November 17, 2020, 08:20:17 AM

Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

USA need new thing to back up USA dollar.

I think that in the future Biden government will not be too rigid to run the wheels of government in the US, dollars, oil etc., will run smoothly as usual.

There are many reasons that make the wheels of Biden's government run according to the will of the people.
1. Biden has a lot of support from the Democratic Party sector.
2. I saw Barack Obama's interview, he fully helped the wheels of the Biden presidency in the future.

I think the two promises demanded by the US people in the campaign at that time were fighting the coronavirus & improving the economy, If, the two elements above unite in carrying out the wheels of Biden's government, everything will run normally, including the dollar.

If you observe what is happening on the streets in the United States of America, as well as near the White House, it becomes clear that Biden has very great support from his people. In any case, Biden will conduct the right policy and will not be able to let his Voters down.
As a result, we must conclude that a businessman always remains a businessman, and a politician is a politician. And in a way, it is the politicians who are meant to govern the country.

YOSHIE

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Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

USA need new thing to back up USA dollar.

I think that in the future Biden government will not be too rigid to run the wheels of government in the US, dollars, oil etc., will run smoothly as usual.

There are many reasons that make the wheels of Biden's government run according to the will of the people.
1. Biden has a lot of support from the Democratic Party sector.
2. I saw Barack Obama's interview, he fully helped the wheels of the Biden presidency in the future.

I think the two promises demanded by the US people in the campaign at that time were fighting the coronavirus & improving the economy, If, the two elements above unite in carrying out the wheels of Biden's government, everything will run normally, including the dollar.

jaberwock

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Like really? How can you be in support of the US causing crisis in other countries so that they can sell weapons? That’s an evil thought, you know that lots of people, especially innocent people, are going to be wasted when there is such crisis? And you’re saying such thing because you want your useless economy to be at the top?

I might support anything, but as for causing crisis or whatsoever that will lead to war just so you can benefit? That’s one thing I never support. Have you ever tried putting yourself in the shoes of those that has to suffer because of things like this? Just because of our greediness? We then have to let the poor innocent ones to suffer? Totally wrong.

Febo

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Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

Oil is taken by OPEC all Ready so USA have no power over oil anymore!

USA is the biggest oil producers in the word.

United States   15,043,000
Saudi Arabia    12,000,000
Russia    10,800,000

They have biggest power over oil and they made it super cheap as it is right now.

wxa7115

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Quote from: cryptomaniac_xxx on November 13, 2020, 03:14:50 AM

Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

To Underwood world we all need to think logically it Helps

Think logically? but the first thing that comes from your suggestion is to sell illegal drugs? US now turning into Mexico? Lol, it doesn't make sense and I'm sure the US government will not in any shape or form deal with illegal drugs just to survived in this economic downturn. Oil has been in control of Arab nations ever since but US has it's own oil reserves as well. Cheap labor? No, US is not a third world country, again, with this, it's more of a backward idea.

The truth is that there is no way out of this mess without a great deal of suffering going on around the world due to the economic crisis that is coming that will affect all fiat currencies of the world simultaneously, that is something that has never happened in the entire history of the world so we are in a completely uncharted territory, the financial mess that governments all over the world have created and that has been accelerated by the pandemic cannot go away except with a huge crisis.

We do not know when that crisis will come but it is inevitable that the current economic system at some point will fall just as all the previous economic systems have failed as well and the only thing that we can do is to be prepared for it and good options are without a doubt holding gold and possibly bitcoin.

justdimin

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USA doesn't need any of these because they are already making enough money from all around the world by producing what people want from all over the world with their companies. You could always have a lot more money coming into USA from companies like Facebook, google, amazong, paypal, microsoft and many other places like that, even manufacturing places like Tesla are making a ton of profit right now and using that profit to go to space if they can.

So, if you could have trade deficit that also means you could have trade surplus as well, all you need is sell more stuff to other nations versus buying from them. So instead of going illegal or shady way of the world, they could just grow their business and sell more stuff to world and they will be rich.

BrewMaster

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or they could continue what they have been doing for a long time now, which is to milk other stupid countries. look at middle east, they are either governments that are handing over their money to US in return for their garbage like the UAE or countries that resist and are invaded then the US steals their money like Iraq. in any case it has been a trillion dollar revenue stream for a long time.

jaysabi

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Quote from: Gozie51 on November 15, 2020, 08:46:54 AM

Quote from: Leviathan.007 on November 15, 2020, 04:49:33 AM

China is producing and spreading the vaccine and this will make Biden to face them sooner to later US must stop China if Biden wants to get the the USD once again.

Why will Biden face China or try to stop them? If the vaccines are curing patients with covid-19, why will it be stopped if the world is being healed.

That part of the post doesn't make any sense, just ignore it. It looks like fear mongering, trying to force another unnecessary conflict point between the US and China. There is no risk to the US for China vaccinating its people against Covid-19. People have been calling for the fall of the USD for decades, and not to say it can't happen, just that decades worth of being wrong hasn't stopped them.

Gozie51

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Quote from: Leviathan.007 on November 15, 2020, 04:49:33 AM

The first and the most important problem for sleepy Joe to recovering USD value in the world, however we are stilling facing the economic crisis but Biden can manage to make thing better by developing the business, economic and political relation with other countries because he need them as customers to sell the products including oil. In the other hand,

Rebuilding the economic ties and political affiliations should be the primary goal of Biden at the beginning of the tenure. The American currency has been dropping lately during the election time. This Biden has to implement policy that will help drive the economy, especially with small scale businesses.

Quote from: Leviathan.007 on November 15, 2020, 04:49:33 AM

China is producing and spreading the vaccine and this will make Biden to face them sooner to later US must stop China if Biden wants to get the the USD once again.

Why will Biden face China or try to stop them? If the vaccines are curing patients with covid-19, why will it be stopped if the world is being healed.

Leviathan.007

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The first and the most important problem for sleepy Joe to recovering USD value in the world, however we are stilling facing the economic crisis but Biden can manage to make thing better by developing the business, economic and political relation with other countries because he need them as customers to sell the products including oil. In the other hand, China is producing and spreading the vaccine and this will make Biden to face them sooner to later US must stop China if Biden wants to get the the USD once again.

jaysabi

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Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

USA need new thing to back up USA dollar.

Oil is taken by OPEC all Ready so USA have no power over oil anymore!

Now USA Can only go to in war but other countries will crush USA quick like tomato.

Here is the options for USA :

Start production, First problem competation with China!! No cheap Labour!!

Produce alot medications, First problem Same like oil world reserves can be filled up fast and no actual need for medications such us covid vaccasines.

Start illegal drug business... Well this one can be Easy as USA army can Take over Columbia Mexico and peru Easy with one week.
Where to sell? Well in Europe, uk, and Canada.
Drug import export is possible and doeble only problem is how they clean the money if they can figure out this this is best option for them

More options? I think there is not many

Aa there is one more use the Foreign diplomatic connections and make small conflcits Around the World like small wars and sell weapons to them.

Or make any Kind of problem in the world that world need to pay to USA and only USA can solve that.... Perhaps make more conflits in Europe that USA Will need to provide Protection racketeerimg Protection service.

Make USA cyber Security so whole world Will Buy Protection from FBI and USA Kind of cyber Security....

Allright not so many ideas... I think those are most possible ways to keep dollar demand strong enought.

But the biggrest money maker for USA can be only the oil and drugs.

Weapons not so much becouse even the armenian latest conflict dont Bring so much profit the weapons are not that expensive.

To Underwood world we all need to think logically it Helps

This is one of the more ridiculous posts currently on the board. First, the US is the largest oil producer in the world currently. OPEC has enough problems controlling their own members, but the US doesn't regulate their producers like OPEC tries to. What happens with American producers depends entirely on the state of the market. Second, there's no logical link between anything you've written and "now the US can only go into war." How even is that a logical conclusion? Just throwing that in like it's causal to anything else you've written discredits the rest of what you wrote.

DrG

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America's general workforce has turned into a consulting workforce. They don't actually produce any raw materials or develop the raw materials into a product. That occurred during the previous 2 centuries. Now they sell IT, social media, advertising, entertainment, life coaching and other forms of blah blah blah. The companies that mined and produced products like 3M and Tesla are few and far between. This is the juxtaposition to China which is primarily a material developer and production powerhouse. They pretty much stole (at times took with US complicit behavior) manufacturing from countries all around the world.

Case in point. The media always reports that rare earth materials are only sourced in China. At present this is true. Early last century the US was the leader in mining those minerals. The environmental regulations ended up closing all those mines. If the US wanted to it could become the king of rare Earth metals - but it has neither the will or capability to do so. If you remove all the infrastructure and supply chain for large mining last century it would take a full decade to bring it back. Theoretically Trump's agenda was to bring some of that back to the US. With Biden heading to the WH you can pretty much kiss that chance goodbye. The progressives in the party would rather China mine and destroy their environment even if it puts the US at a tactical and economic disadvantage. Pros and Cons to everything.

HabBear

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Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

Oil is taken by OPEC all Ready so USA have no power over oil anymore!

This isn't true. OPEC doesn't own oil reserves worldwide. OPEC controls/regulates oil production, supply, and pricing among the oil producing countries in the Middle East only. It was created to keep all those ME countries from competing against each other and driving the price erratically.

America has been increasing oil reserves to reduce dependency on foreign oil and the pandemic (and slowed travel/demand) has accelerated that growth of assets.

Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

Now USA Can only go to in war but other countries will crush USA quick like tomato.

Doubtful.

America's greatest skill to provide is technology advancement - the FAANG companies are from America!

And none of these things have sole influence on the strength of the dollar. The strength of the dollar depends on GDP AND trade. Frankly, a weak dollar or increased tax programs from Biden will drive Americans to seek alternative assets...such as cryptocurrency.

Fesatmas

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Quote from: fiulpro on November 13, 2020, 12:51:51 PM

The reason why countries like china are kings of production is : Cheap labor , they even employee kids to do that. Even right now Apple fired the employees of one of their branch because they were engaging in child labor. These countries like USA, UK, the reason why they decide to import products from countries like China is because they won't get the same profit here. They actually outlook the terrible condition the labours are in. Let me list some of the wages the people are getting there. It's as low as 1.52$ per hour for a worker.
Now if a country like USA, already well established decides to compete in the market , they have to face many challenges. Things like :
Farming
Decreasing the taxes of things which are made in the country itself
Set a good minimum wage for the workers
Making favourable conditions and implying the safety measures
*Equality* - I tend to believe that for Nation to achieve success they have to for sure look at their moral grounds too, then only will the people happily work
Cutting down on import
Etc...

There are many things that can be done here and I do think that Biden does know it , Trump nearly destroyed the economy and they might have to pay for the incentives NOW.

The strategy of destroying China's economic relations with abroad is difficult. how not nearly 75% of china products spread all over the country. even in our homes there are always Chinese products. From the brothers that you mentioned, the reason why China became the king of production cannot be separated from the policy of the Chinese government which allows every factory to duplicate various branded products. The duplicates are very similar to the original. different from other countries that duplicate foreign products will be subject to large fines, because it involves copyright.
whereas in China it is legal. Sad

Cnut237

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Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

USA have no power over oil anymore!

I don't think this is correct. The US has dramatically expanded its oil production recently, and is the world's major producer by some distance. Whilst there is still a dependency on the Middle East - not least because the US can't control global prices by itself - there is much less reliance than in the past.

Top 10 oil producers in 2020
United States: 19.51 million bpd
Saudi Arabia: 11.81 million bpd
Russia: 11.49 million bpd
Canada: 5.50 million bpd
China: 4.89 million bpd
Iraq: 4.74 million bpd
United Arab Emirates (UAE): 4.01 million bpd
Brazil: 3.67 million bpd
Iran: 3.19 million bpd
Kuwait: 2.94 million bpd
https://www.ig.com/uk/trading-strategies/world-s-biggest-oil-producers-200722

Quote from: cryptoboss2020 on November 12, 2020, 07:53:01 PM

USA Can only go to in war but other countries will crush USA quick like tomato.

I'm not convinced by this, either. Some countries might have the military strength to give the US a hard fight, but no-one can crush them. More relevant, no-one who could give them a fight would want to do so. Modern economics means that the nations of the world are inextricably intertwined; a big nation can't attack another big nation without hurting itself. Globalisation, despite its many flaws, does at least work to prevent wars between major countries. US adventurism overseas is a different subject.

fiulpro

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The reason why countries like china are kings of production is : Cheap labor , they even employee kids to do that. Even right now Apple fired the employees of one of their branch because they were engaging in child labor. These countries like USA, UK, the reason why they decide to import products from countries like China is because they won't get the same profit here. They actually outlook the terrible condition the labours are in. Let me list some of the wages the people are getting there. It's as low as 1.52$ per hour for a worker.
Now if a country like USA, already well established decides to compete in the market , they have to face many challenges. Things like :
Farming
Decreasing the taxes of things which are made in the country itself
Set a good minimum wage for the workers
Making favourable conditions and implying the safety measures
*Equality* - I tend to believe that for Nation to achieve success they have to for sure look at their moral grounds too, then only will the people happily work
Cutting down on import
Etc...

There are many things that can be done here and I do think that Biden does know it , Trump nearly destroyed the economy and they might have to pay for the incentives NOW.

Botnake

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Every president aspirant already know what they will face and will be handling once they win the election, and they believe they can handle that. For me, I would just remain positive that Biden will be able to improve USA and solve whatever problems they are facing now, most especially an economic problem.

People trust him to solve the problem of the state and they want him to succeed, that's why he won, though unofficial still.

cryptoboss2020

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Quote from: kramchers on November 13, 2020, 07:03:41 AM

Quote from: cryptoboss2020 on November 13, 2020, 06:20:27 AM

Quote from: Paycoinzzz on November 13, 2020, 05:52:09 AM

It seems that you are rarely up to date on news about top US businesses. Google, Youtube, MicroSoft, Tesla, ... are all tycoons in the financial world. they lead every company in the world because they get massive information from their users. America is still the greatest because it has so many powerful companies.
To keep the dollar price best or to call it another way that it doesn't over-inflate, I think just cutting taxes and stopping the trade war with China would be the best way. I don't think the US will legalize the drug trade bro Cheesy

Well im not Rarely up dated...
I just look the world how it is!!

They dont legalize drug trade yes.. But Let's look at the Escobar times... so the Escobar air plane pilot was dea agent.
So we have to look at the facts and Reality.
If they do some moves then they change the rest of the world the way they want and we have to be prepared for this.

Well, to be honest based on what I know about it, dollars now in US has no any back up, and as far as I know US dollar is not back up by gold anymore together with oil too. But if the new President now in US will be like Escobar, well let see what are the possible things will be happen in the future.

Gold to back USA dollars are pointless useless.
If you want your currency have value you need commoties like oil food drugs.

So that others are forced to buy this from you and your currency to get those things!

Topic: USA and USA dollar problem Biden government new Challenges (Read 294 times)