If the dollar keeps rising, why would US exports rise as they will get increasingly more expensive to other devalued currencies. They will buy elsewhere.
I think, Mr Varoufakis point is exactly that. The US threatens the use of high Tariffs. Therefore, the countries that export to the US either face the consequences of the tariffs or comply with the demands. Harvesting is starting. Tough times are coming for Germany and most of the EU.
A lot of structural problems stem from a strong US$, killing domestic investment for export. This has gone on for so long that a lot of investment in US manufacturing has gone elsewhere, and it is not coming back.
This is why no country (China included) want it's currency to be a SOLE reserve currency. Reserve Currency status benefits the Oligarch's but cripples and eventually impoverishes the working class (which is the majority in any country).
You can't say that here. Remember these are communists just like the cccp. All they're going to do is try to promote positive stuff and never show you what's going on.
President Barack Obama's stepfather is Indonesian, Mr President Barack mother Stanley Ann Dunham married indonesian men, gave birth to President Barack Obama's half sister because Indonesians are cats.
If the dollar keeps rising, why would US exports rise as they will get increasingly more expensive to other devalued currencies. They will buy elsewhere.
I think, Mr Varoufakis point is exactly that. The US threatens the use of high Tariffs. Therefore, the countries that export to the US either face the consequences of the tariffs or comply with the demands. Harvesting is starting. Tough times are coming for Germany and most of the EU.
Yanis means the cost of US exports to the "rest of the World" would rise in value/cost thereby making US exports less affordable.
A lot of structural problems stem from a strong US$, killing domestic investment for export.
This has gone on for so long that a lot of investment in US manufacturing has gone elsewhere, and it is not coming back.
This is why no country (China included) want it's currency to be a SOLE reserve currency. Reserve Currency status benefits the Oligarch's but cripples and eventually impoverishes the working class (which is the majority in any country).
You just described China and its failing soft yuan.
Damn an armchair expert
Keep hating on China beech
You can't say that here. Remember these are communists just like the cccp. All they're going to do is try to promote positive stuff and never show you what's going on.
Good analisis
War in Syria, Taiwan, Mexico. Financing purchase of Greenland.😅
He's a madman
Mr Varoufakis - to be fair, no President( or anyone ) wants to be the one to lose the exorbitant privilege of the dollar.
Do you have any idea what the US would do over that? Like literally that's the red line that ends it all
Trump win because too many pentaracial,hexaracial,octaracial,decaracial, heptaracial, tetraracial,nonaracial people in america.
Millions and millions of fools.
These aren't even words 🤣
President Barack Obama's stepfather is Indonesian, Mr President Barack mother Stanley Ann Dunham married indonesian men, gave birth to President Barack Obama's half sister because Indonesians are cats.