Some select facts about the Treasury Department Functions. This includes the size of it, currency, national banks, costs of tax collection, budget, etc. The latter of which make the Treasury…

…to begin to encourage other countries to use the Yuan as a global currency, and obvious challenge to the US$. If the US$ starts to trend lower agains the Yuan,…

…trade war. Meanwhile, Trump has announced a $20 billion currency swap line to prop up the failing Argentine currency. The prime minister is a right-wing politician. And then there’s this:…

…initially rose following Bessent’s announcement, the currency set a fresh low earlier this week, suggesting more work could be needed to stabilize it.” What Bessent et al. ignore is that…

…way that occurs is through currency effects. Tariffs discourage Americans from buying foreign goods, which tends to raise the value of the dollar as Americans demand less foreign currency. A stronger dollar makes US exports more…

…are not always disasters for the economy’s currency.”* Good to think of in combination with this piece from Barry Ritholtz. *I may write up more using this when I can…

…employment and the expansion of our export sector that will eventually arise. See Marshall Auerback’s post this week at Credit Writedowns for a discussion on austerity, currency wars, and exchange…

…US dollar will no longer be the world’s reserve currency. My prediction, not his. Write it down. If you mail it to me with a stamped return address envelope, I’ll…

…them.) 2.Obama’s proposed chained-CPI cut would typically reduce benefits for 3 percent, and by as much as 6 percent for some recipients. 3.The White House’s decision to label this cut…

…also added the final two sentences. The post is a followup to a post from earlier Friday. I’ve also created an additional label: mainstream-journalism gimmickry. I’ve left the original rather…