The wealthy don’t keep much cash. I’m pretty sure Trump has said that he wants a weaker dollar, or at least implied it. I’ve heard some people speculate that the admin is purposely trying to end the dollar’s status as the world’s de facto reserve currency. If they’re serious about bringing most manufacturing back to the US, the dollar needs devalued, and real wages need to plummet. The admin is also heavily involved in crypto schemes.
Almost every currency, crypto included is valued against the USD, I just don’t see everyone moving to dogecoins if suddenly it costs $340,000 to buy a hamburger. There is very real incentive to throw every possible resource behind keeping the middle-class complacent and comfortable for as long as possible.
The wealthy don’t keep much cash. I’m pretty sure Trump has said that he wants a weaker dollar, or at least implied it. I’ve heard some people speculate that the admin is purposely trying to end the dollar’s status as the world’s de facto reserve currency. If they’re serious about bringing most manufacturing back to the US, the dollar needs devalued, and real wages need to plummet. The admin is also heavily involved in crypto schemes.
Almost every currency, crypto included is valued against the USD, I just don’t see everyone moving to dogecoins if suddenly it costs $340,000 to buy a hamburger. There is very real incentive to throw every possible resource behind keeping the middle-class complacent and comfortable for as long as possible.