this post was submitted on 16 Apr 2024

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Trump advisers are plotting to deliberately devalue the dollar if he’s re-elected, report says (www.independent.co.uk)

submitted 5 months ago by [email protected] to c/[email protected]

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Talk about an excellent thing for Monero

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[–] [email protected] 0 points 5 months ago (1 children)

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?

[–] [email protected] 0 points 5 months ago

Well ackshually, the value of the dollar depends on what other countries are willing to pay for it. So Trump could announce something so creative that it spooks multiple governments into dumping their dollar reserves.