Thread 60722989

Wtf is happening? Why is the US dollar dumping like a shitcoin?

>>60722989 (OP)
It is a shitcoin

>>60722989 (OP)
it has no utility

>>60722989 (OP)
Obsolete tech

>>60722989 (OP)
the world is moving away from the zognited states of muttmerica.

>>60722989 (OP)
>less than 24h view
>omg WTF!!!
dogshit bait thread

>>60723017
Few understand

>administration faked job numbers to pump the market
>fed decided to pause rate lowering based on positive numbers
>revealed that the numbers are bullshit, so now no rate cuts and no jobs

It broke down from the rising wedge pattern, this is what happens.

>>60723523
This most likely. It wasn't just they were adjusted down a little bit; turns out 90% of those jobs numbers weren't real. This isn't just a minor correction, it's outright saying things are alright when they're going to shit.

Like fuck, I saw some people be like "Uh, Biden said 3 million jobs in 2024, then it corrected to 2 million!" but like, that was a 33% negative correction. These last two months got a 90% negative correction. If it was bad before it's outright horrendous now.

>>60723482
Holy cope

>>60722989 (OP)
because it is one

>>60723579
Yes anon but according to them you are a tranny and you lost. Therefore this is okay.

>>60723618
:(
guess i'll just die while our billionaire overlords snort crack off the butts of minors?

>>60723618
The data is about what Biden did in 2024 you frothing pencil neck lol

Idk

>>60723658
No it's not it's about the last two months having been corrected to only have 10% of the job numbers they were initially stated as.

We've been in a recession for two months and the government lied to make people not realize it.

>>60723638
The load bearing pedophiles of our society thank you for your service.

>>60723658
That’s right anon, that’s exactly what that post was saying. This is entirely Biden’s fault, and will be for the foreseeable future until things get better. Our economy is doing better than ever, though we still need to cut interest rates back to 0 or things will get worse. This is our patriotic duty, and if you disagree with any of this you are a tranny.

>>60722989 (OP)
>Dollar is crashing
>This makes people want to sell their crypto to get as much dollar as possible
Doesn't make much sense to me

>>60722989 (OP)
Wouldn’t everything pump if the dollar got weaker? Inflation would rise

>>60723523
Wait. This is why trump's been having temper tantrums about the fed rates?

https://www.agweb.com/markets/pro-farmer-analysis/brics-nations-accelerate-shift-away-u-s-dollar-global-trade

captcha: 8T S0S
$8 trillion Save Our Souls

Oh no, nobody wants to hold our reserve currency and now we still don’t have a manufacturing base. Who could have ever ever possibly predicted this outcome.

>>60724237
Trump didn't know the numbers were dogshit. He just wants lower rates for growth reasons even if it pushes inflation up.

>>60723693
You were in a recession last year too. They lied about it and nothing happened.

>>60724856
Oh no the robots are being built as we speak to take over any upcoming manufacturing jobs while capital is bled out of America's working class under the guise of tariffs, the humanity!

>https://www.youtube.com/shorts/38R81esuNEs
>https://www.youtube.com/watch?v=lkc2y0yb89U&t=1577s
>https://finance.yahoo.com/news/ups-explores-humanoid-robots-figure-150435120.html

>>60724946
That’s great, so we agree then that bringing domestic manufacturing back is not a solution and instead using our global trillion dollar military to tax wealth equitably is a better solution right

>>60723693
We've been in a "recession" for 5 years

>>60724970
Yes. If the intention was actually to domesticate manufacturing, this could have been slowly implemented over a longer period of time through policy incentivizing this as opposed to the psychopathic, geopolitically straining theatre that has played out over the past 6 months from which the real losers are American consumerists

>>60724993
Thanks for expanding, I think we agree more than I initially thought yes. My opinion is the same in that whether intentional or not the American public is the biggest loser of the current administration, I personally believe through the seemingly complete abandonment of global trade fundamentals that underpinned the USD reserve since the 80’s.

>>60722989 (OP)
people thought Trump's trade war was finally over now that he has deals with most of the major nations so they bought back in, only for him to announce that he wants to go for round 2