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Foreign Exchange for Dummies

Posted on 8/28/26 at 1:17 pm
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
92914 posts
Posted on 8/28/26 at 1:17 pm
Posted by simonizer
no
Member since Oct 2008
1716 posts
Posted on 8/28/26 at 1:19 pm to
Holy shite. That is a beatdown.
Posted by lowhound
Effie
Member since Aug 2014
10975 posts
Posted on 8/28/26 at 1:28 pm to
quote:

In her latest sciolistic letter to me,
@SenWarren
made it clear that she knows even less about foreign exchange markets than she does about banking.

What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.

To reiterate: under
@POTUS
, the United States delivers for America’s trusted partners.

For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.


Posted by dstone12
Texan
Member since Jan 2007
41574 posts
Posted on 8/28/26 at 1:36 pm to
She’s so damn stupid that she is not offended.


ChatGPT will tell her handler how to tell her how to respond.
This post was edited on 8/28/26 at 2:37 pm
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
92914 posts
Posted on 8/29/26 at 4:49 pm to
She is the standard of the Dem Party
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
2261 posts
Posted on 8/29/26 at 6:21 pm to
That Fauxahontas is on the banking committee is a joke.
Posted by cadillacattack
the ATL
Member since May 2020
11414 posts
Posted on 8/29/26 at 7:37 pm to

Posted by lurking
Member since Nov 2022
3455 posts
Posted on 8/29/26 at 7:40 pm to
It’s been said before, but these people genuinely live in this alternate reality of fairy dust and rainbows where the laws of finance, science, and human nature don’t exist.

Posted by Jbird
Shoot the tires out!
Member since Oct 2012
92914 posts
Posted on 8/29/26 at 7:42 pm to
Indeed
Posted by MidWestGuy
Illinois
Member since Nov 2018
2041 posts
Posted on 8/29/26 at 10:09 pm to
Anyone have a link to the letter Warren sent him?

NM. Found it:

LINK
This post was edited on 8/29/26 at 10:11 pm
Posted by SallysHuman
Lady Palmetto Bug
Member since Jan 2025
25773 posts
Posted on 8/29/26 at 10:11 pm to
I had to look up "sciolistic"... and instantly felt like a dumbass.

Bessent is awesome at this.
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