Two theories on Trump and tariffs- 1- lower the valuation of stocks will allow wealthy investors supporting Trump to buy low, and then Trump removes tariffs and watch the stock prices rise again, benefiting his wealthy supporters. 2- Some countries (China, in particular) are considering bitcoin to replace the dollar as the standard curre…
Two theories on Trump and tariffs- 1- lower the valuation of stocks will allow wealthy investors supporting Trump to buy low, and then Trump removes tariffs and watch the stock prices rise again, benefiting his wealthy supporters. 2- Some countries (China, in particular) are considering bitcoin to replace the dollar as the standard currency, why encourage that thinking by de-valuing the dollar at this time? Can anyone respond to these theories?
You're right on point 1, and with regards to point 2, Bit Coin is still a playground for fraud, so while you think China would thrive there, they'll fail because they cannot subvert it. The development of a BRICS currency is more likely.
John, Thank you for your prompt reply. I agree about Bitcoin, which I consider ultimately a ponzi scheme, but the development of an alternative to the dollar is something being considered in China and Trump's policies, which may change global market alignments where China gains influence and financial heft should not be discounted. Farid Zakaria's recent commentary on tariffs in the Washington Post and CNN provide a clear take on the reality voters should know and embrace.
Two theories on Trump and tariffs- 1- lower the valuation of stocks will allow wealthy investors supporting Trump to buy low, and then Trump removes tariffs and watch the stock prices rise again, benefiting his wealthy supporters. 2- Some countries (China, in particular) are considering bitcoin to replace the dollar as the standard currency, why encourage that thinking by de-valuing the dollar at this time? Can anyone respond to these theories?
You're right on point 1, and with regards to point 2, Bit Coin is still a playground for fraud, so while you think China would thrive there, they'll fail because they cannot subvert it. The development of a BRICS currency is more likely.
John, Thank you for your prompt reply. I agree about Bitcoin, which I consider ultimately a ponzi scheme, but the development of an alternative to the dollar is something being considered in China and Trump's policies, which may change global market alignments where China gains influence and financial heft should not be discounted. Farid Zakaria's recent commentary on tariffs in the Washington Post and CNN provide a clear take on the reality voters should know and embrace.