this post was submitted on 30 Nov 2024
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[–] monobot@lemmy.ml 19 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

What does "undermine dollar" means?

How can someone from outside US undermine dollar?

intent to trade in non-dollar currencies

Really?

[–] technocrit@lemmy.dbzer0.com 18 points 2 weeks ago

USA has spent decades at least violently enforcing the petrol-dollar. It's why they destroyed and continue to destroy iraq, libya, iran, etc. The USA can't maintain its extreme exploitation without it.

[–] Bureaucrat@hexbear.net 17 points 2 weeks ago (3 children)

Any finance ghouls who can tell me what stocks I should be investing in?

[–] Carcharodonna@hexbear.net 6 points 2 weeks ago (1 children)

Kraneshares ETFs if you want to bet on China but I’d wait for the inevitable crash first.

[–] Bureaucrat@hexbear.net 1 points 2 weeks ago (1 children)

China is crashing or the stock market is?

[–] Carcharodonna@hexbear.net 3 points 2 weeks ago

China won’t crash of course but I’m guessing a lot of related stocks (in many places, not just China) will when the tariffs hit. China would be able to adjust in the longer term, of course. But honestly idk, I’m not a finance expert so really I’m just guessing.

[–] PoY@lemmygrad.ml 4 points 2 weeks ago (1 children)

i dunno.. last time i had a chance to get mega rich they fucked up all the rules (gamestop) to prevent it, so i have 0 faith that there is any winning move in the stock market unless you're one of the chosen

[–] Bureaucrat@hexbear.net 3 points 2 weeks ago (2 children)

They didn't really change any rules for gamestop. It skyrocketed in value, you were just one of the schmucks tricked into holding the bag by talks about it hitting 1200+
Dan Olson has a good video

[–] PoY@lemmygrad.ml 1 points 2 weeks ago

they blocked all buying but allowed selling for several days which caused people to panic and sell

[–] HexReplyBot@hexbear.net 1 points 2 weeks ago

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

[–] technocrit@lemmy.dbzer0.com -1 points 2 weeks ago (1 children)
[–] Bureaucrat@hexbear.net 8 points 2 weeks ago

lmao! Oh wait, you're serious? AHAHAHAHAHAHAH

[–] Bureaucrat@hexbear.net 12 points 2 weeks ago

This is what I mean when I say Trump is better foreign-policy-wise

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