Trump calls General at 3am to ask if a strong or weak dollar is best for the economy

[Radaney]

You know Trump is a business man right? The odds of this happening are some 0.1%.

[Hottage]

Can medias in US not be held accountable before the court for spreading false information and defamation?

Judging by the media coverage of the last presidential election, and the whole "birther" thing, no.

[Deleted]

No source, and Huffington Post being the one reporting it.

Yeah...

ofcourse there is no source, regardless of what publication reports it. nobody wants to get fired or face criminal charges over something as minor as this.

[Independent voter]

The dollar is the global reserve currency. A currency becomes weak because supply exceeds demand. Reserve status guarantees demand. So if you want a weak dollar you need to do any of the following:
a) issue massive amounts of debt
b) manipulate interest rates
c) create and increase a balance of trade deficit
d) allow other currencies to overtake the dollar as a reserve currency

Unless you are insane, only interest rate manipulation is available as an option. And that is kind of frowned upon . . .

Where does printing more money fall into those categories.

[Independent voter]

Well then, the answer is simple. The general should've said:

A strong dollar strengthens our trading partners, China being our top trading partner if memory serves, but there is also Germany and Japan, Korea, etc.

A weak dollar strengthens our economy.

[Slant]

That's a complex question. A weak dollar is good for the economy, foreigners will want to buy your cheap exports, Germany and China have been accused of keeping their currencies low.

I really can't think of any benefit of having a strong dollar other than Americans can travel abroad and the dollar has more buying power in foreign places.

I guess if you kept the dollar too low foreigners would start buying US companies so there's that too.

You may want to check your sources. Germany doesn't have a currency. Hasn't had one since 2002. But continue...

[namecraft]

trump called me yesterday to ask how to troll properly

[Slant]

They have the Euro. Which largely does what Germany wants it to do and not what other states need it to do simply because by weighted average the needs of the far larger German economy outweigh everyone else.

Germany doesn't control the Euro. And no, it doesn't largely do "what Germany wants". It seems you need a lesson in how the EU works. Not surprising on this forum. The ECB is quite independent and supercedes the German Federal Bank and other national banks. The Governing body is mainly made up of non-Germans:

https://en.wikipedia.org/wiki/Europe...xecutive_Board

No conspiracies allowed here.

[Shadee]

More liberal fake news lies

[Zandalarian Paladin]

More fake news!

I think I should start a collection.

[Machismo]

I'm going to wait a couple days on confirmation of this. It could be true, it may not be. If both sides are refusing to comment on it, that may not be a good sign for them.

[kail]

I honestly hope HP gets sued for this.

[CostinR]

Huffington Post? Alex Jones has more credibility, and he's crazy!

[Vorkreist]

HAHhahaha haven't clicked on this leftist rag in a long time. So this is where most of mmo-c left squad get their "facts".

[Ausr]

HAHhahaha haven't clicked on this leftist rag in a long time. So this is where most of mmo-c left squad get their "facts".

Fake or real, the fact that Trump is getting pissy about these things says it all, sweetheart.

[NED funded]

You may want to check your sources. Germany doesn't have a currency. Hasn't had one since 2002. But continue...

If Germany had a currency it would be stronger than the Euro and eliminate the advantage in trade it holds due to it. e.g Switzerland, when they unpegged their currency from the Euro their exportations immediately took a nosedive. A las I'm not good in monetary policy.

[dextersmith]

So Mr. Money is clueless and doesn't know who does what either. You think the security adviser is going to get fired for leaking to the press? Mexico, Australia, China, and Russia must be pissiing themselves laughing.

[Ravenblade]

Doesn't sound very credible to be honest. I mean let's be honest it doesn't take an expert to know that it wholly depends on the economic situation of the country.

[Slant]

Of course the ECB is independent, all central banks are supposed to be. It doing what Germany wants does not imply force but rather natural alignment of interests. It does what the European Economy needs which largely is what Germany needs due to the size of the German Economy vis a vis the other EURO economies. It's not about the Germans forcing their way on the ECB, their interests largely align naturally. It will occasionally take measures that are against German interests but that is far less common than it serving the interests of e.g. Spain.

The fact that you dismiss something counter to your narrative by interpreting it in a specific way and labeling it a conspiracy is far more characteristic of you than me.

Nope. I just point out that the ecb and euro money politics are designed to benefit all of europe. Not just germany. Now read my post again.

[Independent voter]

Germany doesn't control the Euro. And no, it doesn't largely do "what Germany wants". It seems you need a lesson in how the EU works. Not surprising on this forum. The ECB is quite independent and supercedes the German Federal Bank and other national banks. The Governing body is mainly made up of non-Germans:
No conspiracies allowed here.

Allowing countries like Greece, Italy and Spain into the euro zone keeps the euro low. It would be like if the US made an economic zone with Mexico and central and South America. The dollar would fall to one tenth of a euro even though the US economy itself would be strong.