Trump and the dollar
Sam Stea
Cogan Station
Trump keeps talking about the dollar as if its value is absolute, like chips in a poker game. What he doesn’t realize is that by alienating allies, propping up dictators, creating trade barriers, in short undermining US credibility at home and abroad, he has, by himself, become the single greatest threat to the dollar’s standing as the world’s reserve currency.
If the dollar loses this status, let me put it to you this way. Regarding inflation, we ain’t seen nothing yet.