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Economy

Rhiannon12866

(231,487 posts) Sat Mar 29, 2025, 05:00 AM Mar 29

How Trump's economic team hopes to reset the international financial system - DW News [View all]

Members of Donald Trump's economic team are pushing for a total reorganization of the international financial system. The so-called "Mar-a-Lago accord" - named after Trump's resort in Florida, aims to tilt the international economy in favor of the US.

As part of the scheme, the White House would reclassify trading partners into friends and enemies, and deliberately devalue the US dollar. - 03/29/2025.

00:00 How Trump advisers hope to coerce allies into a dollar devaluation and a US debt reset
03:11 Jessie Yin Assistant Director at the Atlantic Council's GeoEconomics Center talks DW through Trump’s competing goals

7 replies

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How Trump's economic team hopes to reset the international financial system - DW News [View all] Rhiannon12866 Mar 29 OP

Post removed Post removed Mar 29 #1

We've already given away our chance at New Energy dominance to China... Think. Again. Mar 29 #2

Wouldn't this lower the U.S. debt? Rhiannon12866 Mar 29 #3

It would lower the value of U.S. debt, AND lower the value of the dollars used to pay that debt. Think. Again. Mar 29 #4

Thanks! And we already know that TFG has gone bankrupt six times Rhiannon12866 Mar 29 #5

Seems more like a collapse than a reset. C_U_L8R Mar 29 #6

Devalue the Dollar so foreigners will buy our debt and we can borrow more bucolic_frolic Mar 29 #7