'This is sell America' – US dollar tumbles as globe flees US assets

https://www.cnbc.com/2026/01/20/sell-america-trade-dollar-treasury-gold-us-trump-greenland.html

by MilnerRoute • 6 months ago

170 46 6 months ago

jorblumesea2• 6 months ago

Carney's speech at Davos is extremely telling: https://www.youtube.com/live/dE981Z_TaVo?si=Ct_1GIQe4Orm0wGU

who would have thought that America's closest geographic and cultural ally would feel the need to ditch that relationship. Wild times.

agd• 6 months ago

I’m not sure it’s accurate to say Canada ditched the relationship, given that the US imposed massive tariffs and threatened to invade Canada.

jorblumesea2• 6 months ago

fair point, forced to break off ties

embedding-shape5• 6 months ago

Who is the person who is doing the introduction, and why is he rubbing his hands/fingers together like a stereotypical comic book villain?

jdiaz97• 6 months ago

Now on Truth Social, Trump is saying that NATO is the enemy, not Russia, not China.

Well, now it makes sense why Putin has that picture of Trump.

carefulfungi• 6 months ago

We've always been at war with NATO. It's the "Eur" part of "eurasia", after all.

machomaster2• 6 months ago

Why are people downvoting? Are there really people who didn't get such an obvious 1984 reference?..

surgical_fire• 6 months ago

The good thing is that these statements should absolutely be read in the inverse by the other natios.

US is declaring itself their enemy. Other NATO countries should treat it accordingly.

embedding-shape5• 6 months ago

Verbatim quotes, ~2 hours ago:

No single person, or President, has done more for NATO than President Donald J. Trump. If I didn’t come along, there would be no NATO right now!!! It would have been in the ash heap of History. Sad, but TRUE!!! President DJT
The whole problem we are having with criminals in our Country was caused by Sleepy Joe Biden and the Radical Left Thugs that surrounded the Resolution Desk in the Oval Office - And, of course, the Illegal Use of the Auto Pen!!! They should be in jail!

I understand how there would be one or two people who'd hear that and go "Fuck yeah wooo". It's worrisome to me that a group of people could read/see/listen to that and think that sounds good. It's shocking to me that 77.3 million people could read that and think it's sane, good and is how a president should sound like.

defrost• 6 months ago

This, and other recents diatribes, project overwhelming "Pop-pop's off his meds" vibes.

At what point, and how, does the US system pants up and bell the cat?

A bipartisan pysch assessment from 11 respected people across the political spectrum blind voting an opinion would likely be unanimous in diagnosis at this point.

treetalker2• 6 months ago

Next up will be that the dollar collapse and global economic meltdown are a "conjob" and "conspiracy of the radical left" — pay no attention to that man behind the curtain, aren't the emperor's clothes simply gorgeous?

tharmas• 6 months ago

tRump is a bully. Bullies don't pick on those who are strong enough to fight back. That's why he doesn't say anything about Russia or China. If Russia was in the position it was in the early to mid nineties tRump would very much be bashing Russia.

The Europeans and Canada should take note.

sgnelson• 6 months ago

Thanks everyone who voted for this! I really appreciate you!

JKCalhoun5• 6 months ago

I'm no longer adding to my VOO holdings—I guess I'm all in on VXUS going forward.

SilverElfin4• 6 months ago

What other hedges are there? Gold and silver I am guessing. Anything else to avoid dependency on the US stock market and exposure to the US Dollar? It feels like these assets have nowhere to go but down.

robmusial• 6 months ago

If you live in America, are banking with an American bank, and hold your investments denominated in dollars I'm not sure that just shifting your investments to other global equities would really get you the outcome you want if your goal is to hedge against this specific risk. Besides if this really is the trade war to end all trade wars, the world losing one of the largest markets (the U.S.) is going to depress the entire global economy. I assume if you're even considering VXUS you're not close to retirement so wouldn't the better strategy be to just keep adding to VOO?

munk-a• 6 months ago

I believe that TD's US presence is still a subsidiary of the main Canadian corporation - and there are some banks that will explicitly offer offshore non-US currency accounts. That is a good point to raise though since most banks may offer holdings in overseas funds but if they're managed domestically they'd likely be subject to the same currency shocks and your account may still read well on paper but be effectively unreachable.

JKCalhoun5• 6 months ago

I am retired but I have not sold all my stocks and moved to bonds. Even if you use the "rule of 100" I should still have around 40% of my portfolio in stocks.

But to your point, I am certain that I am not going to profit from this fuckery. (Although, hilariously I bought silver a decade ago to teach my daughters about investing—and they each purchased a once or two from me. Of course it turned out to be a local maxima and they grow up, went to college—watching their investment sink all the while. Perhaps they did learn a valuable lesson in investing.)

No, I'm just doing damage control.

I had asked a month or so back as to where the "safe harbors" were during the Great Depression. My impression (and the responses did nothing to contradict this) were that there were no safe harbors—as perhaps there may not be any in some dystopian future we may or may not be headed for.

"Hold, don't sell during the panic," is all anyone could offer. (And so too holding those silver coins until now might also have been a valuable lesson for my daughters?)

josefritzishere• 6 months ago

I am genuinely worried that my life savings will be destroyed by high inflation and the decreasing value of the dollar. This is the 3rd major market "correction" in my career and it looks like it will be the worst. Trump is doing so much economic damage to America... the outcomes are unthinkable for working people. I have trouble imagining what life will be like on the other side of this period of financial chaos.

JKCalhoun5• 6 months ago

The reality I have come to believe: if it goes down, we all go down. I get worrying about how to protect your life savings, I was worrying too. Now I just accept that we'll all be in the bread lines. Not that there's any comfort in that really, but that it might simply be an inevitability.

gafferongames• 6 months ago

Good? The sooner we see consequences for this ridiculous behavior the better.

StephenHerlihyy• 6 months ago

We spent the 4-years under Biden capturing foreign investment via high interest rates. Now we are trapping them here via poor conversion rates. In a geopolitical, macro-economic sense we are "Elon Musking". Overpromise and under deliver. Take their money by selling them on a dream and then string them along with promises of future results. We have their money and they have "Fully Self Driving" lane-merge warnings.

Havoc• 6 months ago

Can't wait to hear how this is Biden's fault in a semi-coherent rant from the WH...

ofrzeta• 6 months ago

Why do you think there would be any traces of consistency?

yencabulator• 6 months ago

Oh, you haven't heard, everything Trump does is because of Hillary Clinton daring to attempt a thing. https://news.ycombinator.com/item?id=46705896

SilverElfin4• 6 months ago

It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration. That makes them complicit in everything that’s going on - the arrest of US citizens in unconstitutional raids, the illegal tariffs that are taxing all of us, the threats of invasions against other countries, the grift that is adding billions to the Trump family’s wealth, the push to denaturalize legal immigrants, the lack of action on climate change, the dangerous changes to vaccine schedules for children - all of that and more.

Almost all of these, would on their own, have been grounds for impeachment in the past. It shows how far this extremism has come. If Trump is not impeached, which will require a simple majority in the house and 2/3rds in the Senate, I fear he will continue his mental spiral and potentially do something far more deadly like using a nuke. And I am not being hyperbolic; I genuinely fear the next few escalations in his behavior could be far far worse.

pepperball• 6 months ago

It is really disturbing to see that most Republican legislators are still not speaking up openly against the Trump administration.

Take a look at the voter base: There’s a hubris of invincibility and jingoism in the air. Even among typical moderates. Rome can never fall!

lateforwork2• 6 months ago

Even with all this Trump as 39% approval rating. This is why Republican legislators are staying quiet.

Herring3• 6 months ago

Yep, he's still slightly more popular than he was at this point during his first term.

https://www.natesilver.net/p/trump-approval-ratings-nate-sil...

ChrisArchitect• 6 months ago

De-dollarization: Is the US dollar losing its dominance?

https://news.ycombinator.com/item?id=46693346

JKCalhoun5• 6 months ago

Flagged?

embedding-shape5• 6 months ago

And un-vouchable? Slightly "panicky" title and I'd understand US investors might not want to stoke that particular fire.

kccoder• 6 months ago

I think you can only vouch for dead posts???

_zagj• 6 months ago

This reminds me of the articles about Canadian "snowbirds" selling their stateside pied-à-terre (due to tariffs and deteriorating cross-border relations), presenting it as if it were a bad thing for the average American that foreign ownership of housing was declining, and that the sellers were eager to quickly offload their asset--an asset long overvalued, in short supply, and increasingly out of reach of the average American.

treetalker2• 6 months ago

flagged lol

'This is sell America' – US dollar tumbles as globe flees US assets

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