The 45th president and previous White House occupant, Donald Trump cautions that America is in danger of losing its global influence. In an interview with Larry Kudlow, Trump stated while the U.S. retains significant power, its position is “waning” concerning its currency.
The Diminishing Dollar? Trump Points to a Shift in Global Currency Dynamics
Always candid, Trump engaged in a conversation with Fox Business’ Larry Kudlow to examine the nation’s international standing. As he seeks re-election in 2024, Trump may become the Republican challenger to incumbent Democrat Joe Biden. Asserting that America has suffered under Biden’s leadership, Trump accuses the current administration of lacking “common sense.”
“They don’t know what they’re doing and they’re destroying our country,” Trump declared about the Biden administration. He expressed confidence that if re-elected, his administration would promptly rectify matters. “[If] you look at our airports, you look at our terminals, you look at our filthy roads and broken roads and everything else, we’re like a Third World country,” Trump informed the broadcast host.
Subject to numerous ongoing investigations and indictments following his tenure, the former president emphasized his conviction that America will continue to decline and could lose its preeminent status. “Our country is going to hell and we’re not going to be the big boy,” Trump professed. “We have power, but it’s waning. In fact, it’s waning in terms of our currency.”
Trump further commented:
I’m not just talking about the value of our currency, I’m talking about our currency being used throughout the world.
Trump expounded upon nations opting against utilizing the U.S. dollar, contending that China aims to supplant it with the yuan – an idea previously deemed “unthinkable.” However, Trump asserts it is now under consideration. Ultimately, he believes inflated energy costs are responsible for these issues.
“Inflation was caused, in my opinion, by energy, because it’s so big,” Trump explained to Kudlow. “It’s like all encompassing, everything. You make donuts in the ovens and the trucks that deliver them, and no matter what you do, it’s so much about energy.” Trump’s exclusive Fox Business interview with Kudlow succeeded his recent warning that America would face recession if he isn’t re-elected. He also pledged to facilitate a swift peace treaty between Russia and Ukraine, among other promises.
What do you think about Donald Trump’s opinion of the United States and the dollar? Share your thoughts and opinions about this subject in the comments section below.