34 Criminal Charges Haven’t Stopped Donald Trump From Trashing the Dollar (and Everyone Else)
This time, what he’s saying seems believable.
Photo By Gage Skidmore on Wikimedia (Commons)
Donald Trump has a strong sense of self-importance.
Nothing sticks to him.
He’s charming.
He’s a world-class deal-maker.
And an unbelievably good communicator.
Trump can stir emotions in people that make you think; I’d go to war with this guy. He takes you to the edge of your comfort zone, far beyond people’s claims of him not having a politician’s filter.
You only need to dig into his childhood to shed light on the character he is today.
At 13, his father, Fred Trump, sent him to New York Military Academy to discipline and toughen him up. At the academy, Trump quickly gained a reputation as a troublemaker and a rebel. He frequently clashed with the strict rules and regulations of the school and even earned the nickname “the ladies’ man” for his penchant for sneaking out of the academy to visit girls in nearby towns.
Old habits die hard.
Stormy Daniels, an adult film actress, alleges that she had an affair with Donald Trump in 2006 while married to Melania Trump. Daniels claims she was paid $130,000 in hush money by Trump’s lawyer, Michael Cohen, just before the 2016 presidential election to keep quiet about the alleged affair.
Trump has now been charged 34 Class E Felonies relating to the hush money he supposedly paid to the porn star.
There was no mug shot taken.
He wasn’t handcuffed.
But, not for the first time, Trump had his fingerprints taken.
The actual businessman in him turned the fingerprinting and arraignment into a media spectacle.
And unfazed, he gave a speech that stirred the emotions in his fan base. After defending himself and recent allegations, he spoke about how the decline of the US dollar would impact America and our investments and shared his insights on the topic.
The US Dollar Is Losing 200 Years of Dominance Because of Incompetence.
Trump believes the charges against him are absurd and sees no substance or evidence to support them.
In Trump’s recent speech, fresh off 34 criminal charges, he says the US dollar’s status as the dominant global currency is at risk. The dollar has enjoyed supremacy for over 200 years but now faces challenges from other currencies like the Chinese yuan.
He claims an inept district attorney is now charging a former US president for the first time. That’s himself, talking about himself in the third person. And in classic Trump fashion, he says all the “experts” said there was no case, and the district attorney also knew it.
It’s a hoax.
Trump claims the USA’s current state is chaotic, with economic issues and various countries joining together to form a dangerous alliance. And he believes that if he were still the President, these things would not be happening.
I agree with him on that.
Donald Trump — Source
“Right now, the USA is a mess. Our economy is crashing, and inflation is out of control. Russia has joined with China. Can you believe that?
Saudi Arabia has joined with Iran. China, Russia, Iran, and North Korea have formed a menacing and destructive coalition that would have never happened if I were your President.
The Russian attack in Ukraine would never have happened, and all those lives and beautiful cities would be standing.
Our currency is crashing and will soon no longer be the world standard, which will be our greatest defeat, frankly, in 200 years.
There will be no defeat like it. That will take us away from being even a great power.
If you took the five worst Presidents in the history of the United States and added them up, they would not have done near the destruction to our country as Joe Biden and the Biden Administration have done.”
China Just Broke The US Dollar
China’s yuan has now become the most traded currency in Russia, overtaking the US dollar for the first time.
This change is due to additional sanctions this year that affected Russian banks’ ability to make cross-border transfers in US dollars and other currencies from countries labelled “unfriendly” by Russia.
Russia has strengthened its relationship with China since the West imposed sanctions after the invasion of Ukraine, and China has promised to increase cooperation in trade, investment, energy, and technology.
Despite Russia’s efforts to shift its foreign trade transactions away from the dollar, it remained the most popular currency until now.
Investors worldwide still hesitate to use the yuan as a widely accepted currency due to China’s capital account controls and geopolitical concerns.
The recent shift in currency trading signals that China’s global economic influence is growing, and the US dollar’s dominance may be weakening.
According to a Moscow exchange and a Bloomberg source, the yuan surpassed the dollar in monthly trading volumes, with the Russian Ruble (Black Bars) for the first time.
Final Thoughts
I take whatever Donald Trump says with a giant pinch of salt. However, he’s right about one thing. The dollar is getting crushed.
He’s a US dollar fan, citing concern about Bitcoin and other cryptocurrencies encroaching on the world reserve currency.
He’ll have bigger fish to fry if he wins the next presidency.
It’s both ironic and intriguing that Donald Trump’s nemesis, “Chynna”, with whom he had a love-hate relationship due to imposing tariffs on Chinese goods and accusing their government of stealing American jobs and intellectual property, were subjects that were included in his campaign, which initially helped him win the presidency.
Then a virus originating from the same country lost him the presidency.
Granted, not during his tenure, but just when he thought he couldn’t get nuked enough sanctions from a nonsensical war in Ukraine, have inadvertently come back to destroy the dollar.
Russian companies have switched foreign-trade transactions from the dollar and euro to currencies of countries that have declined to join any restrictions. It’s a development that means there’ll be fewer dollars on the market, potentially leading to a decrease in demand for the dollar and weakening its value.
A decrease in demand for the dollar could be disastrous.
For us in the West, anyway.
Your everyday person in the West would have higher prices for imported goods since it would require more dollars to purchase the same amount from other countries.
It could also affect the value of your investments denominated in US dollars, such as stocks, bonds, and savings accounts.
A weaker dollar could lead to more inflation, which means that the dollar’s purchasing power decreases and the price of your goods and services increases.
While opinions about Donald Trump vary widely, ignoring his warnings about the weakening US dollar could be a grave mistake.
He might be right this time.
I do not think that Donald Trump would had changed the events that have created a stark change in the world order. His relationship with Putin would have had no effect on Putin's genocidal war. There are some things that Donald Trump would had done including securing North America's energy security.