But the problem was going on in heaven.
American factories were closing because it was so easy and cheap to import. Shopfloor workers were losing jobs. Nevertheless, this cry of pain was on the fringe, which was ever drowned in cheerful music. Because sometimes soft interest rates and strong dollars were promoting another frenzy-property prices prices.
It was a delicious double vaimi, as the Americans consumed with abandonment, yet felt rich as individual assets shot in value. Some people were in pain, victims of globalization, but most were in a heavenly bubble.
In September 2008, the overheet housing hostage market crashed. Major banks, insurance firms and manufacturing companies collapsed and found bailouts.
By March 2020Covid-19, Epidemic! The irony is that again, new dollars/bonds were printed more fiercely than ever, the interest rates fell on the near-zero, but the dollar still did not soften. Prior to a long time, stock prices began to jump. American tech companies, Fong (Facebook, Apple, Amazon, Nvidia, Google) – Laso Microsoft, Netflix, Tesla – incredibly valued.
But now there was a new clown in the pack. inflation. Instead of consuming consumption, the consumer prices shut down, affected by a covid-dilapidated supply jerk, and the covid-inspired “helicopter money”. Vicious Twosome – Job Disadvantage and Inflation – destroyed the magic of globalism. The feel-gud sentiment evaporated.
For Donald, it was a “excessive burden”. Manufacturing jobs fell from one third of their peak; The stock fell by 40 percent in global production. China can make more than half of the world’s two-thirds of cars and steel, aluminum and vessels. The US implicated, just the fifth of ship -making and less than two percent of aluminum capabilities. More delicately, China conducted the US pifling up to 12 percent in the race to produce rare earth metals. After the sector, in the sector, China excluded the US and made them hollow.
Now, Donald will have none of it: this is unfair. Our dollar gives the World Financial Trust and Security. Our Treasury Bonds give them a safe shelter. But we are suffering. A strong dollar kills exports, giving us humble and old business deficit. We keep printing Treasury for them, but run a debt of about $ 35 trillion on our balance sheet.
2 April 2025“Excessive tariff”! Most experts called it a “highly enthusiastic” hasty and disastrous attack, which is ready to reduce the dollar and back to manufacturing jobs in the US. But thereafter there is a 90 -day stay for all countries except China, where there is a “excessive trade war”. The result is unknown unknown.
So, is this a “excessive demise” of the US dollar fairy tale? Or can it play better?
Only one man can answer this, “Savior” with orange-hair. Donald Trump. Real Estate Czar. Showman. Mar-e-Lago Golf Championship winner. Potus.
