Redditsux

joined 1 year ago
[–] Redditsux@lemmy.world 2 points 13 minutes ago* (last edited 13 minutes ago)

I am actually in favor of the world finding a competing reserve currency (just NOT Chinese or Russian ruble!). The US$ being the reserve currency means the rest of the world has been SUBSIDIZING the US, by bringing in trillions of dollars to US banks and federal reserve LOWERING US interest rates which also has helped fuel all the bubbles we've seen. Having another reserve currency in turn cause interest rates to return to their natural levels bringing down ASSET values (i.e. housing) to more affordable levels.

[–] Redditsux@lemmy.world 3 points 17 minutes ago

This is his buddies Putin and Xi!

 

cross-posted from: https://lemmy.world/post/24960701

In a fiery Truth Social post on Thursday night, the president declared that any country backing an alternative currency would be hit with 100 percent tariffs and effectively cut off from American markets. Trump made it clear there would be no room for negotiation, dismissing any possibility of an international shift away from the dollar.

 

President Donald Trump’s abrupt freeze of U.S. foreign aid is sending shockwaves through Eastern Europe, leaving pro-democracy groups, independent media, civil society initiatives and local governments scrambling to make ends meet in a region often defined by rivalries between East and West.

[–] Redditsux@lemmy.world 16 points 3 days ago (1 children)

Now I see what MAGA stands for. Make America (a) Great Asshole.

[–] Redditsux@lemmy.world 1 points 4 days ago* (last edited 4 days ago)

US economy has been running on bubbles for decades, and using bubbles to fuel innovation and growth. It has survived telecom bubble, housing bubble, bubble in the oil sector for multiple times (how do you think fracking came to be?) etc. This is just the start of the AI bubble because its innovations have yet to have a broad-based impact on the economy. Once AI becomes commonplace in aiding in everything we do, that's when valuations will look "normal".

[–] Redditsux@lemmy.world 5 points 4 days ago

Oh US has been doing this kind of thing for decades! This isn't new.

[–] Redditsux@lemmy.world 9 points 1 week ago (4 children)

LMAO. are they seroius?!!!!!!!

 

Ukraine carried out its largest aerial attack on Russian territory of the nearly three-year war overnight, Kyiv said Tuesday, hitting factories and energy hubs hundreds of miles from the frontline.

[–] Redditsux@lemmy.world 14 points 2 weeks ago (4 children)

OMG. That's a good way to start the new year. Now my daily tea is going to be filled with guilt and worry.

 

Fresh from pouring his money and energies into helping Donald Trump win reelection, Elon Musk has trained his sights on Europe, setting off alarm bells among politicians across the continent.

The Tesla and SpaceX chief executive has endorsed the far-right Alternative for Germany, demanded the release of jailed U.K. anti-Islam extremist Tommy Robinson and called British Prime Minister Keir Starmer an evil tyrant who should be in prison.

 

cross-posted from: https://lemmy.ml/post/24541400

Trump, kindly go fuck yourself.

[–] Redditsux@lemmy.world 3 points 3 weeks ago

I wonder what 69 is like at 69.... (wife) it's like eating spaghetti with meatballs.

[–] Redditsux@lemmy.world 1 points 3 weeks ago

Convicted felons and fraudsters licking chops.

 

After seeing people sleeping outside in the cold year-after-year, a Toronto man is building tiny mobile homes attached to bicycles to give temporary relief to those who are unhoused.