| thommy |
02-05-2017 08:26 AM |
Quote:
Originally Posted by KlenTelaris
(Post 21516058)
Today there was in news how dollar will drop hard because Trump is cutting law which stopped banks to do whatever they want which caused crisis in 2008.
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unfortunately that is not correct.
the changes trump made in the regulation of financial services will open all doors for speculations again.
that means the many foreigners will buy dollars to invest in this unregulated market and that will not weaken the dollar (what would be good for US) it will let the dollar increase.
a high dollar leads to higher importprices for countries with a lower currency and that will take effects on the US exports. the exports will go dramaticly down and the US industry will be hit hard. followed by lose of jobs.
the missregulation of the financial market will end up in even a bigger bubble as in 2007/2008 and it will be again the normal and hard working people who have to pay for the disaster, because without a banking system the whole economy would collaps and all you can do is bringing your homegrowing apples to a black market and exchange them for potatoes.
the 0,1% of the world population what is already the richest part will be 100 times more rich after that and the working people have an additional dept for the next 20 generations to pay back.
trump is a specialist in loans and he knows a lot not to pay them back. all his empire is based on loans and there are just a few banks who still give him money. under them the german "Deutsche Bank" what was involved and sued for their part in the 07/08 crisis - and trump did not pay back loans there who he invested in a few projects what went bancrupt.
but now he is the president and they need him to have protection. that is why they still give him money even when he does not pay back.
this is called perfectionism of corruption when the most corrupt is voted as a president and have the power to legalize his actions.
greetings
thommy |
