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The Donald Trump Dollar

November 16th, 2024 | Tags: Dickson Igwe dollar commentary USA
Dickson C. Igwe. Photo: VINO/File
By Dickson C Igwe

The USA has moved hard right with the victory of Donald Trump and the Republican Party.

The USA has not simply moved to the right with the election of Donald Trump and Trump’s victory at the polls, Trump’s win has ushered in an oligarchy of billionaires. The question I ask is what that means for the Caribbean in general, and the Virgin Islands – British- in particular.

First, thanks to Jerome Powell of the Federal Reserve and his management of the Dollar and monetary policy, Donald Trump inherits a strong economy with low inflation metrics. Americans do not feel this in their pockets for some reason, and that is why the Democrats lost the election. Pessimism in the USA is surprising, considering the USA is doing better than its counterparts are. Economically, the USA is at the top economically of the G7 countries according to the numbers.

Trump’s returns is marked with fear among the USA Liberal Elite. The so called WOKE agenda – liberal values that have taken an aggressive edge such as equal rights for homosexuals, abortion, and affirmative action on race, have come up smack against a barrier. Four or more years of aggressive right wing policies means the end for WOKE as we know it. Already, right wing populists and their supporters in the west are sharpening their knives.

The good news for the Virgin Islands is that with the Rule of Strongmen, Oligarchs, and Billionaires, offshore financial services could not be safer. The wealthy are always enthusiastic about hiding their assets from the prying eyes of the taxman. Today the New King of the West is a wheeler Dealer Billionaire Entertainer.

For us Social Democrats who believe in the virtues of social equality, equity, and justice, the world has become a much crueler place.   There is good news for the Dollar and a global economy that is valued in Dollars, however. Trump’s win has seen a jump in price of both the Dollar and Corporations. Billionaires and multimillionaires have seen their net worth rise significantly. The future looks good for the haves as it always has. Have nots can only hope the trickledown economics Trump’s win heralds actually trickles down.

Paradoxically, some of the greatest losers will be minority Trump voters and Latinas who voted Republican. Latinas voted for sending their kith and kin back to misery in Latin America. Black evangelicals voted the man GOD appointed to rule the world; I wait to see how many blacks Trump has in his cabinet.

Arabs in Michigan voted Trump owing to the fairy tale the democrats supported genocide. The real reason was probably a culture that will not accept a woman as President of the USA. Trump will now offer Netanyahu a completely free hand to do what he wants: the Gaza disaster may well get worse with the full annexation of the territory by Israel. Black men voting Trump is equivalent to Jews in the East European Ghetto voting for the local Nazi Concentration Camp Commander. Turkeys do vote for Christmas.

The next four years? One can only hope for the best but I expect the worst.

15 Responses to “The Donald Trump Dollar”

  • Good analysis (16/11/2024, 11:40) Like (4) Dislike (0) Reply
    In particular your summary of the impact on Arabs Latinas and Blacks . And this is coming from someone who believes that Trump has been more effective at dealing with the middle East than almost all presidents. When the Administration and Musk talk about cutting we know where those cuts are coming from , the people who can least afford it. You didnt mention climate change as a factor in Democrats losing but it was. The US is still ran on 91% fossil fuel , while it is prudent to continue to develop alternative sources and renewables to restrict that 91% with unnecessary red tape and levies increases the cost to businesses who pass it along to consumers . At 91% of a massive economy such as the US the increase is felt everywhere and in everything. Democrats must learn the leasson of moderation, they approach very issue with zealotry and hyperbole. Trump will over play this win as well . The mid terms will determine if the public has the stomach for his more extreme positions.
  • Anonymous (16/11/2024, 11:43) Like (1) Dislike (2) Reply
    The Donald run things
  • smh (16/11/2024, 14:21) Like (7) Dislike (0) Reply
    That's the MAGA party. Big difference from the Republican Party and what it stood for.
  • round rock (16/11/2024, 22:55) Like (1) Dislike (3) Reply
    The election victory of Donald Trump's Republican party will turn out to be a difficult lesson for the less fortunate in the United States of America. Apart from the cost of living, the cost of social amenities will escalate. The tariff that will be imposed on products made in China will automatically be passed on to the consumers. Many persons were fooled to believe that China will pay for the tariff as Trump lead them to believe. What is more alarming is the Affordable Care will be dismantled, and the cost of medical supplies will increase. The voters have made their choices, and I hope they will accept the consequence. I wonder if there will be another John Mc Cane to rescue the Obama Care for millions of Americans. May God bless America.
    • affordable care will stay (17/11/2024, 16:58) Like (0) Dislike (0) Reply
      Affordable care will not be touched . You may have noticed that repealing it was not on the Rebuplican platform this time. The ACA has turned out to be quite effective and many Republicans now see real benefits. Obama did say that once it became popular they would stop calling it Obama care and embrace it. They Rebuplican do tend to be hypocritical when it comes to health care; example , praising Robert Kennedy Jr initiatives for making food healthier however when Michelle Obama tried to make school food programs healthier they said she was impeding on their rights and freedom. SMH.
  • B (17/11/2024, 07:34) Like (3) Dislike (0) Reply
    Arabs voted overwhelmingly for Jill Stein. She’s a woman. You really need to do better Dickson.
    • @B (17/11/2024, 10:52) Like (0) Dislike (0) Reply
      And those are wasted votes
    • didnt matter (17/11/2024, 17:03) Like (1) Dislike (0) Reply
      Their issue Arabs was that in their minds the Democrats did not restrain Netanyahu enough so their solution is to help a person who will unequivocally tell Netanyahu to finish the job completely.
  • x (17/11/2024, 09:12) Like (0) Dislike (0) Reply
    I don’t know where you get your info but you are misguided brethren. Do more research.
  • Know Your History (17/11/2024, 09:14) Like (0) Dislike (0) Reply
    Yoi got to be joking
  • Black woman (17/11/2024, 10:42) Like (0) Dislike (0) Reply
    They could not stomach a black woman, so they prefer the devil.
  • wondering (17/11/2024, 21:06) Like (1) Dislike (0) Reply
    So, just what exactly have the Democrats done for the black population in the United States in the last 60 years besides make them slaves to government handouts. What have they done to uplift them? I’ll wait.


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