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Joined 3 years ago
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Cake day: June 20th, 2023

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  • And U.S. corporations that export goods and services abroad typically report stronger earnings when they can convert foreign payments into a weaker greenback.

    Is my smooth brain processing this correctly?

    He wants a dollar to be less valuable so that a company can convert their foreign sales into “more” US currency, saying “hey look, because of Trump I made $1billion” but that $1 billion is actually only as valuable as $500 million would have been? So we can all go “hur dur big numba good good!”

    Is that it?