Re:Trump's 50-year War on the Dollar
by nhp_fermi on Saturday August 30, 2025 @12:26PM
(#45075879)
I don’t buy the framing that this is some grand “debtor’s strategy.” Trump’s relationship to debt has been mostly survival — bankruptcies, restructurings, junk bonds — not some masterclass in macroeconomics. The US dollar isn’t a casino balance sheet; it’s a global reserve currency with network effects and political commitments that outlast any single administration.
Yes, inflation erodes debt, but it also destroys credibility — and once you lose that, financing costs explode. The real danger isn’t Trump’s supposed genius, it’s that treating the dollar like a personal put option underestimates how fragile global trust actually is.
Plus the guys super into gold, I feel like he would prefer a strong dollar
Re:Trump's 50-year War on the Dollar
by k8scottgr8scott on Saturday August 30, 2025 @12:27PM
(#45075886)
Trump’s hated a strong dollar since 1970s inflation made him his first billion. This is a longer article, but it details this history, Trump’s logical next move, and what normies like me can do.
All those tech bros might not like their wealth being invalid outside the US.
Yes, inflation erodes debt, but it also destroys credibility — and once you lose that, financing costs explode. The real danger isn’t Trump’s supposed genius, it’s that treating the dollar like a personal put option underestimates how fragile global trust actually is.
Plus the guys super into gold, I feel like he would prefer a strong dollar