fouldiplomacy

"unstable, volatile, frantically manipulated currency" -- this is often the case with any news, not just "pump and dump" schemes. Take the Chinese CNY. The CCP have been undervaluing it for years for the purpose of attracting business.

the USD is very much subject to social media and traditional news manipulation. When the US decides it wants a stimulus package or other types of debt, it drives down the dollar's value. Granted the US is good about making payments to creditors, i.e bonds, it is not immune to fluctuation.

It is sad but the way of the dollar is slipping and the global demand currency. It is slowly being replaced by the CNY and other market demands.

Lastly, the Treasury does not control the dollar. It the Foreign exchange markets. (https://www.fool.com/knowledge-center/who-determines-the-val...)

I loooove me some fallacies and biases. I work diligently everyday at work to avoid them.

However; I think this is misplaced as a quick search of Chicago news will inform the reader that Ms. Lightfoot has her hands full trying to balance a budget while not crippling the city because of unions. There is no fallacy here, only truth that is uncomfortable to some.

I’ll attempt to “not flamewar” but you are being rather sensitive about this. A decent moderation is necessary but i fail to see any reason for the watchdogs to hate on my post.

Fact is Chicago is very much underwater because unions have gripped the city’s pension to the point that they cannot pass meaningful budget resolutions.

Unions had a place at the beginning of the industrial age for worker safety and reasonable wages. With OSHA and a long list of other laws, unions are largely outdated.

Please contribute something useful and not rules that are hardly being bent otherwise you are cluttering “curious conversations.”