Trump's Game: Devaluation of the US Dollar

[August1991]

If the US dollar is worth less on world markets, this solves so many problems:

1. Ordinary Americans don't care about exchange rates.

2. Coastal Americans will freak out about the US dollar value on international markets

3. For Rich Americans, it will be expensive to travel abroad.

4. For ordinary Americans, there will be a minor change in imported Dollarama stuff.

5. This solves the US government debt problem.

6. With a lower US dollar, foreigners will want to buy made-in-America stuff.

 

[August1991]

On international markets, the Bank of Canada will let our Canadian dollar fall like the American dollar.

(What choice does it have... )

If you already have a condo in Florida or Arizona, the US fees will be slightly lower.

If you were planning a trip to France or Japan this summer, it will be more expensive.

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I reckon that America is about to become a place to buy, uh, stuff to take home.

America is about to become a difficult place to own stuff.

[August1991]

And if you hold US cash, dollars: American financial paper denominated in US dollars (like many Chinese people, including the People's Bank of China), you are about to see a large drop in its value.

The Russian Central Bank holds less - if at all. It is hard for individual Russians to hold US dollars.