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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (211026)	2/6/2025 2:21:42 PM
From: TobagoJack	Respond to of 218341

Re <<More gold>> Memo from Bessent reached PBOC, and am guessing PBOC shall GetMoreGold I do not know why the Treasury does not make it simpler the messaging, borrow and buy gold, that would clear up hesitation and remove ambiguity bloomberg.com Bessent Says Strong Dollar Policy Completely Intact Under Trump By Chris Anstey and Liz Capo McCormick 7 February 2025 at 02:18 GMT+8 Updated on 7 February 2025 at 02:54 GMT+8 Treasury Secretary Scott Bessent said the US continues to have a “strong dollar” policy under President Donald Trump. “The strong-dollar policy is completely intact with President Trump,” Bessent said in an interview with Bloomberg’s Saleha MohsinThursday. “We want the dollar to be strong. What we don’t want is other countries to weaken their currencies, to manipulate their trade.” With a number of countries seeing “accumulation of large surpluses, there is not a free form trading system” in place, Bessent said. That could be partly due to exchange rates, while “interest-rate repression” may also be a factor in some places, he said, without naming any specific country. The Bloomberg Dollar Spot Index was little changed as Bessent spoke, then subsequently dropped to its lowest mark on the day in afternoon trading in New York. For decades, top US officials have stressed the value of a strong dollar, touting it as evidence of the economy’s dynamism. During Trump’s first term many saw the so-called strong-dollar policy being shoved aside, given views that it crimped US exports and diminished the overseas earnings of America’s multinational companies. Still the US dollar has surged ahead of and since Trump was elected in November on anticipation his policies — especially boosting tariffs and cutting taxes - was set to lift growth and inflation and slow the pace of the Federal Reserve’s interest-rates cuts. WATCH: US Treasury Secretary Scott Bessent says Elon Musk and his Department of Government Efficiency team are not “tinkering” with any Treasury or IRS payment systems. During his recent campaign Trump criticized the exchange-rate appreciation. Yet he has also vowed to maintain the greenback’s dominant global role and favors policies economists and strategists see as boosting its value. “We want fair trade and part of that is taking a strong position on the currency and the terms of trade,” Bessent said. — With assistance from Carter Johnson