PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
Couple of notable exceptions, the Euro as well as the Chinese Yuan.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
But for most major currencies, the dollar is actually going higher and they're going lower, which again is not a good sign.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
It means financing conditions are tightening all over again.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
So there is a lot of misconceptions about what the dollar is actually signaling.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
As far as its impact on the US economy,
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
There's this old economics textbook narrative about beggar thy neighbor.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
You're cheap in your currency, it makes your exports cheaper to sell overseas, right?
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
That doesn't actually happen.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
When we see the dollar go up, it usually means that demand is weak overseas to begin with.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
So even if it's cheaper to sell stuff overseas, when the dollar goes down, it's not actually a good thing anyway.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
It means that global economic circumstances in very broad terms are less than ideal and getting worse.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
So there's a lot of misconceptions when it comes to the dollar.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
Liberation Day.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
That's a big issue, too, is that they want to make a politics out of this, right?
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
Every time the dollar β if the dollar goes down by a little bit and it's, oh, the president is ruining the dollar.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
We need to get rid of Trump because he's done β the Treasury market is blowing up because Trump is doing this and doing β
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
You've got to separate the politics from the actual.
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
The reason why this is a big issue and the reason why it comes up is there's hysterics about the politics of it, and people naturally are asking the question because you hear all the time, is the world going to ditch the dollar?
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
And if they do, what is that going to mean for me?
PBD Podcast
Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714
Because if the dollar is ditched, which, by the way, it needs to be,