Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says

Russian Manchurian Candidate going to do Russian Manchurian Candidate things if re-elected.

Kill the US economy Any% Speedrun

report says

lol

I'm not american, but it'd take this report with a grain of salt since Politico is left leaning, the former advisers were selected at a time when Trump was more naive wrt the deep state and more dependent on neocons (first term Trump was indifferent to FISA, now he opposes it since it targeted him). What we do know is that Trump wants a strong dollar since if the US looses its reserve status, it's a disaster. He wants to stop the haemorrhaging of US debt by stopping the wars and rebuilding US financial relations which were damaged due to the war and sanctions that forced many countries that tried to wean themselves off the dollar and SWIFT. His stance on Bitcoin has softened, so I don't think he'll be antagonistic to it. A lot depends on who he picks for VP and the military and FBI/CIA. If he picks Vivek Ramaswamy as VP and Tulsi Gabbard in charge of the military and FBI/CIA, he'll focus on government and military reform and he'll be very friendly to crypto, possibly using it along with gold to help to support the US dollar. If he does the reverse, you'll likely see more social programs and reigning in of the FBI/CIA. If both are excluded and MAGA conservatives are selected to those spots, expect him to continue pre-COVID policies which appeared to work.

This is the best summary I could come up with:

A second Donald Trump administration could unilaterally devalue the US dollar, the de facto reserve currency used across much of the world as a lynchpin in the global financial system.

According to Politico, Mr Trump’s crop of economic advisers is “actively debating” how to devalue the dollar to bolster American exports, even at at the expense of the dollar’s status as a reserve currency and despite the risk that a devalued dollar could pour gasoline on inflationary fires that President Joe Biden has been trying to quell during his term in the White House.

One source told Politico that “currency revaluation” would “likely be a priority” for some of Mr Trump’s top aides if he and they are returned to the White House after this year’s presidential election.

But at the same time, that boost to exports could come at the expense of the domestic economy by sending inflation rising while potentially having global effects by inviting retaliatory devaluations by aggrieved US trade partners.

Devaluation could also be a relief to many of the authoritarian leaders and regimes Mr Trump professes to admire, as it would threaten the dollar’s reserve currency status and make it much harder for the US to use economic sanctions on countries such as Iran, Russia and China.

“Lighthizer brought that up all the time because he felt like tariffs weren’t enough to achieve the objective” of rebalancing trade with the rest of the world,” said the official, who added that then-Treasury Secretary Steven Mnuchin refused to consider it.

The original article contains 396 words, the summary contains 253 words. Saved 36%. I'm a bot and I'm open source!

I have news for you, the president doesn't have control over the value of the dollar. The Federal Reserve does. The Fed does not answer to the president or congress. The true identity of the stakeholders in the Federal Reserve have always been a closely guarded secret. How confident are you in your US dollars now?

He will do whatever the bankers tell him to do. Just like the current clown is doing.