Of course Matt Drudge doesn’t think he is cheering bad news but he is definitely cheering what is terrible news for the president elect. Let me explain…
First, it is important to understand that a strong dollar is not purely good news and a weak dollar is not purely bad news. In each case, it is a mixed bag.
A strong dollar means that imports are really cheap. If your dollar buys a lot more yen than it used to, then Hondas and Toyotas get real cheap. Unfortunately, it is equally true that a strong dollar means that yen buys fewer dollars. That means US products in Japan get very, very expensive. The net effect? Imports skyrocket, exports fall and trade deficits increase. This generally decreases manufacturing in the US and increases unemployment.
A weak dollar, on the other hand, means that imports are expensive. If your dollar buys fewer Euros, BMWs just got very expensive. Fortunately, it is equally true that a weak dollar means a Euro buys more dollars. That means that American made goods get cheap in Europe and the net effect is that imports fall, exports increase and the trade deficit falls. This generally creates more manufacturing jobs in the US and unemployment decreases.
Every promise that Trump made during the campaign is made much, much more difficult to keep if the dollar is strong. A sufficiently weak dollar, on the other hand, would make many of his promises seem happen on their own.
Do you think Matt Drudge understands this? I don’t.
Trump Feel Good Financial Narrative Crumbling - Greg Hunter, Craig Hemke Video
Trump Gives Mexico Extraordinary Refugee Surprise
X22Report Central Bankers Tricks Are Now Being Used Against Them to Bring the Economy Down - Episode 1263a
The End of YouTube: The Apocalypse With "We Are Change" _Tim Pool
Three Events Collide On April 26th—Two Drills and An Emergency Trump Meeting—What’s Up?
Ryan, McConnell to Trump: "You f***ed Up, You Trusted Us"
103,000 Entitled Muslims in Michigan Just Woke up to Nasty Surprise From Pissed Off Citizens
FBI Reopens Hillary Clinton Investigation
This Could Save Your Job, House and Children - Emergency Call to Action
This Doctor Delivers the Best Explanation and Treatment for Alzheimer’s
Next One Out? Sean Hannity Under Attack as Fox News Continues its War Against Conservatives
Why Earth’s Winds are Changing with Tornadoes, Waterspouts & Plasma Lightning Intensifying
Elite Rituals You Need To Know, Child Drag Queen Hour & Giraffe Baby Live
BART Takeover Robbery: 40 to 60 Teens Swarm Train, Rob Weekend Riders
Iran's Nuclear Weapons Program: On Course, Underground, Uninspected
As Their 70th Anniversary Of Being Regathered Approaches, Is The LORD Preparing To Visit Israel?
An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy
“Mother Earth will swallow you, lay your body down”
UFO - Corpuscular Ship..24.April.2017 (Video)
Chilling Ghost Apparition Caught on Tape
Curcumin outperforms anti-inflammatory drug for rheumatoid arthritis relief
The 3 Best Major OOC Sports Moments of last 5 years for Florida State, Boston College, and Notre Dame
It’s Trump That Has the Real “PizzaGate” Problem
Tuesday Night Acoustic Guitar Excellence: Trevor Gordon Hall, "Midnight and Raining"
French Mayor Fined for ‘Too Many Muslim Children’ Comment
What Angels Need
Group of Gorillas Approach Man in Ugandan Forest
Trump Comparisons to Ronald Reagan Aren’t Always a Good Thing