JohnTheRevelator111 User ID: 77788315 United States 07/05/2019 05:16 PM Report Abusive Post Report Copyright Violation | Trump Says US Should Join "Great Currency Manipulation Game" by Devaluing Dollar Trump Says US Should Join "Great Currency Manipulation Game" by Devaluing Dollar
Published on Jul 5, 2019
President Trump has never been a fan of the strong dollar. And after beating around the bush for months by demanding a 50 bp rate cut and more QE from the Fed, it seems the president is now explicitly calling on the US to artificially weaken the greenback by any means necessary.
In a tweet, Trump blasted China and Europe for playing a 'big currency manipulation game' and recommended that the US "MATCH" or risk being "the dummies who sit back and politely watch as other countries continue to play their games."
Learn More: [ link to www.zerohedge.com (secure)] [ link to youtu.be (secure)] |
Anonymous Coward User ID: 78180069 China 11/19/2019 04:54 AM Report Abusive Post Report Copyright Violation | Re: Trump Says US Should Join "Great Currency Manipulation Game" by Devaluing Dollar The US government might reduce the US debt by devaluing the US dollar.
If the US government devalues the currency, the government can mandate that the $100 to be worth $1 and old dollar bills be traded in for the new dollar bills.
The advantage of devaluing the US dollar would be that the $23 trillion US debt could be reduced to $230 billion.
One bad side of devaluation is that your million dollar retirement account might become worth $10,000. |