What would happen to the U.S. dollar if Trump and Bannon succeeded in “Draining the (U.S. Constitution’s) Swamp”?
Trump has never defined what he meant by “Draining the (U.S. Constitution’s) Swamp,” but his closest advisor Steven Bannon has. Bannon has said, “I’m a Leninist. Lenin wanted to destroy the state, and that’s my goal, too. I want to bring everything crashing down, and destroy all of today’s establishment.”
The Lenin that Bannon referred to was Vladimir Ilyich Ulyanov, better known by the alias Lenin, who was a Russian communist revolutionary, politician, and political theorist.
And in the United States, the state is defined by the U.S. Constitution. That document is the law that guides America. To destroy the state means the end of that Constitution.
As long as the U.S. dollar is viewed as a stable currency, it will remain as the world’s reserve currency but trust in the United States is being quickly eroded by mentally ill, twitter fingers Donald Trump with advice from his handler, Leninist (Communist) Steve Bannon. But if Trump, and Bannon, causes the world to lose trust in the United States and that reserve status is lost, the results would be a major currency devaluation and a drastic standard of living adjustment down. That could well be a catastrophe for the United States and for the nations that hold their wealth in American dollars.
What is Trump doing to lose trust in the United States?
Roger-Mark De Souza, writing for the Wilson Center, says, “A lack of U.S. government support for the Paris climate agreement will mean that the United States will further isolate itself from international collaboration and cooperation on multiple fronts. It will affect U.S. security, the provision of jobs; U.S. business operations, and U.S. diplomatic efforts. The agreement, because it has a broad basis of support, will continue with or without the United States.”
What else has Trump done to destroy America’s relationship with its long-time allies and friends around the world? Watch the videos to discover answers to this question.
Oil Price.com reports The Clock is Ticking On The U.S. Dollar As World’s Reserve Currency. “Nobody plans to give way as keeper of the supreme currency, so there is no schedule to follow and no way to know when the torch will be passed from the dollar to the Yuan … history has shown that the shift comes suddenly, usually in the heat or aftermath of war. … It should be clear now that the reserve currency status is neither a birthright nor a privilege that stays forever in one place, which means it isn’t a question of if China will replace the U.S. as title holder but when. … What should no longer be unthinkable is that the clock is ticking on America’s status as the holder of the reserve currency.”
“The demise of the dollar will also bring radical changes to the American lifestyle,” Victoria Crowmberg says. “When this economic tsunami hits America, it will make the 2008 recession and its aftermath look like no more than a slight bump in the road. It will bring very undesirable changes to the American lifestyle through:
- Massive inflation,
- High interest rates on mortgages and cars,
- Substantial increases in the cost of food, clothing, and gasoline and
- A much harder time financing its debt.
Right now, there is a huge demand for U.S. dollars and for U.S. government debt since countries around the world have to keep huge reserves of U.S. currency lying around for the sake of international trade but what if … the appetite for U.S. dollars and U.S. debt dried up dramatically? That is something to think about.”
Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran with a BA in journalism and an MFA in writing, who taught in the public schools for thirty years (1975 – 2005).
Subscribe to my newsletter to hear about new releases and get a free copy of my award-winning, historical fiction short story “A Night at the Well of Purity”.