Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says
Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says
Top advisers said to be ‘actively debating’ move in order to bolster US exports
"Trump Trade Advisers Plot Ways To Fuck America Even Harder Next Time"
Fixed.
Devaluing currency?
Isn't that the thing the US used to accuse a bunch of other countries of doing?
Sounds like Trump, then.
Trump literally tried to do this during (what felt like) the first 6 months of his term.
Isnt it literally Treason? Again?
Whiskey Tango Foxtrot...Vote Blue to keep the orange POS out of office.
Ah the "let's take a page out of China's playbook" plan. Because that really helped the working class there.
Remember, when everyone is a billionaire, no one is,
Don’t worry, it would just be called trillionaire
So, deliberately ramp up inflation.
This guy went to Wharton?
He got in on the 60s when their admission rate was way higher, plus he had an in with his brother's friend working in admissions.
The dollar has lost ~17% of its value in the past 4 years and ~95% of its value since 1924, so par for the course of the orange man wants to keep going.
The past 4 years involved the pandemic. How is that a gauge for anything?
And how much were people paid on average in 1924?
This is wrong. By looking at a single datapoint of total printed dollars, you're measuring USD's value relative to older USD only. This would only make sense if the value for things you would trade USD for are static. Relative to other reserve currencies, assets, goods, services, USD is significantly more valuable today than it was 4 years ago. Not to mention the proportion of printed dollars no longer circulating.
Unless drumpf devalues the dollar so hard that nobody can afford .22 rounds we still have a chance.