TIPSHEET
Trump Warns the Left Is Coming for the U.S. Dollar
Sarah Arnold | August 18, 2023 7:45 PM
The U.S. dollar has been declining for some time, causing it to lose value domestically and as the world's reserve currency.
Since last year, the dollar has fallen by about eight percent to ten percent in real and nominal terms since late last year, igniting fears the country's currency could lose its status as the world's primary reserve.
In an interview with former President Trump, he warned Americans of the downfall impact of the dollar's rapid decline, stressing it is more significant than any war.
"Our country is going to hell, and we're not going to be the big bar," Trump told Larry Kudlow, pointing to infrastructure issues such as deteriorating "filthy" roads, bridges, and airports.
"China wants to replace it with the Yuan," Trump continued. "And it was unthinkable with us. Unthinkable. It would never have happened. Now people are thinking about it… We have something that's very powerful, and that's our dollar, but you take a look at what's happening to it now with other countries not using it."
The former president said as of now, the U.S. has power but warned that it is waning. He feared the country could soon be considered a third-world country.
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READ MORE: https://townhall.com/tipsheet/saraharnold/2023/08/18/trump-warns-the-left-is-comign-for-the-us-dollar-n2627238
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