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Trump’s Plan to End Currency War 3.0 - Daily Reckoningdailyreckoning.com/trumps-plan-to-end-currency-war-3-0/
418 sats \ 3 comments \ @siggy47 5 Jan econ
Far from the reckless, inflationary process the media claim, Trump’s actual plan is based on the highly successful model developed by James Baker for Ronald Reagan and implemented in the Plaza Accord of 1985 and the Louvre Accord of 1987.
Trump’s goal is to repeat the success of the Plaza and Louvre Accords. Trump’s advisor on this is Robert Lighthizer, who is one of the most brilliant financial minds around and was Trump’s U.S. Trade Representative (2017-2021).
Lighthizer was also USTR for Ronald Reagan from 1983 to 1985 so he’s a veteran of prior currency wars and was in the administration around the time the Plaza Accord was being developed. Lighthizer is the perfect individual to help Trump achieve the kind of success that Reagan and Baker had in the 1980s.
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41 sats \ 0 replies \ @Satosora 5 Jan
First off, isnt it wrong for the people that are supposed to do their job to hold a "resistance" to him because they believed in Obama more? It seems like this currency war revolves, and each significant player just does it at some point. Im glad bitcoin is around, before it was just gold. Trump trying to make a currency peace is going to be hard because of the person he is. We will have to wait and see if he gets the right people in office, or if he just brings his family back again.
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41 sats \ 1 reply \ @Undisciplined 5 Jan
My eyes hurt after reading that: "How dare his critics say he's trying to devalue the dollar! He's just trying to devalue the dollar."
Did I miss something?
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42 sats \ 0 replies \ @siggy47 OP 5 Jan
They're out spinning for Trump, and IMO really reaching. I'll never forget Trump verbally harrassing Powell to lower interest rates so stock market NGU. Of course he wants to devalue the dollar. I'm a selfish bastard who can only think that this will benefit bitcoin.
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