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But do not get this wrong - Trump does want the dollar to collapse, he thinks that it is not advantageous to have a strong coin - so all this talk about "printing too much" is just plain disinformation as his own plans are even worse in that sense.
Does he? I have followed Trump and American politics for a while and I was not nearly aware Trump had some ideas in mind about economics, specially applied to his own currency, the USD. Do you say Trump does not want the United States dollar to continue to thrive because his alledge alliance and contact with the Kremlin, or is it because other reason?
I would like to know where you got that information from, honestly. Most people are talking about the incoming public debate Trump is going to have against Joe Biden tomorrow and at this point, it would seems nobody is paying attention whether the USA dollar is losing steam as a reserve currency in the international markets or not, to me it does not look like it is. At least here in my country, handling dollars has become so common and it is part of the daily routine.
His advisor on this matter is a well know economist that vouches for the devaluation of the dollar. If you see what happeneds in Argentina, even if it is not the best example because is a shitcoin, the inflation spikes when you devalue the coin and I am not sure the US will accept this, the people I mean, because they do not feel their are in such a dire situation as Argentinians.
https://www.politico.com/news/2024/04/15/devaluing-dollar-trump-trade-war-00152009Advisers close to the former president — particularly his former trade chief Robert Lighthizer — are considering policies that would weaken the dollar relative to other currencies, which could juice U.S. exports but also fuel inflation.
So silly that they argue "too much printing".
I don't know about you, but in my personal opinion, devaluating one's own national currency in order to boost exportation of goods to other countries sounds quite reckless and only responding to the needs of manufacturing corporations to continue in profit (those which are still in the USA, I mean. We all know much of what is consumed in USA comes from China, anyways).
That plan would imply there could be a boost in the exportation, that is true, but it would be painful for the average person to pay higher prices for everything with is imported into the country.
If that guys wanted to increase exportation, then he should re-check and enhance the trading treaties the USA has with it's commercial partners, instead of passing the burden upon the average person.
devaluating a coin has happened a number of times even in advanced economies and it makes sense under certain conditions - mostly when the exchange rate is simply not real. devaluing is the recognition that a country's economy is living in a fantasy. It did happen with the British Pound decades ago and with some other currencies around the world.
https://theeconreview.com/2018/10/16/how-soros-broke-the-british-pound/Following an interview with the then President of the Bundesbank, Helmut Schlesinger, it was revealed that the pound sterling was one of those currencies that could “come under pressure” and be devalued since it was trading at levels that were far away from its inherent value. This caused a huge dent in market sentiments and probed major speculation about the pound and the possibility of it being devalued.
Meanwhile in New York City, Soros and his Quantum Fund had been building a $1.5 billion short position anticipating that an overvalued pound would be compelled by the market to drop down to its equilibrium price devoid of any artificial intervention. A short position, in essence, allows an investor to garner profits when the price of a commodity or security goes down rather than up.
The question is how would that make sense for a global currency such as the US. I think donald grump has a very narrow vision of what makes the US successful and ignores global effects - so devaluation he may try yes.
