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Posted on 10/26/25 at 6:50 pm to Diseasefreeforall
You are wrong.....Bessent is a smart money man....
Posted on 10/26/25 at 7:04 pm to oldskule
Trump is thinking long term.
Posted on 10/26/25 at 7:11 pm to 2lbshellcracker
We'll see how the elections go but reportedly we bought around $1.5 billion in pesos so far this month, which hasn't stopped the slide vs the dollar.
If our average exchange rate is 0.0007 peso to the dollar, we'd currently be down around $65 million on our "investment".
If the peso goes back up, great, we could make money, but if not, it's an exercise in incinerating taxpayer cash.
I still don't like the risk at all.
If our average exchange rate is 0.0007 peso to the dollar, we'd currently be down around $65 million on our "investment".
If the peso goes back up, great, we could make money, but if not, it's an exercise in incinerating taxpayer cash.
I still don't like the risk at all.
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