“Trump is not trying to start or continue a currency war. He’s trying to end the currency war,” says Jim Richards, New York Times bestselling author. In an exclusive interview with Daniela Cambone, Richards says we’re in the same currency war that began in 2010. He cites the history where in 1985, finance ministers met at the Plaza Hotel in NYC and agreed to control the dollar’s devaluation through market intervention. By 1987, they met again at the Louvre in Paris to stabilize the dollar, leading to over 20 years of economic stability and low inflation. James Rickards highlights Robert Lighthizer’s role in these agreements and suggests a modern approach to achieving currency stability with the G7, potentially involving a slightly cheaper dollar and cooperation to avoid tariffs. The winners? U.S. investors and workers. The losers? Those betting on China.
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45 Comments
To survive, the states should be divided into smaller independent countries which they can trade each other and establish their own world, and need no other nations to trade with
We are brics now he cannot do it anymore Sorry
😂😂😂 These people still living in their own delusional world. Tariff on China now will hurt US consumer more instead of China. They've been diversify their market for over 10 years now. Go on and slap a 100% more tariff on China product and enjoy hyperinflation. China is already exporting more to the developing market now than to G7.
Exacerbating America’s bully reputation on the world stage will not work in the long run! Neither will being the worlds financial door mat work!
Tis guy is still snoozing in Dreamland. Pls wake up.
Trump is a bigger banker shill then FDR and Reagan put together…….I said it!
Going by James' logic that those who refused to go with the US will be loser, than that means James' brain bigger than all the Brics++ ministers n financial experts + 40% populations combined n they still can't circumvent or trash US$ instead…🤦♂️😂
Sending Miss Daniels to Pékin and Moscow and make a deal 😵💫😉?
Trust, once lost, cannot be regained. There is nothing that Trump can do.
Jim supports Genocide. Blacklist him. Pos
If US wants to stay a democracy, they need to vote for an independent candidate.
The Zionist pet cares about the "workers" …
Too late. China and Russia is not going to walk back BRICS
Sounds like the Trump team has a plan. Just a small flaw, it is not 1985 anymore. The power US sanctions are rather diminishing and it position is much weaker. Likely it will be a major blowback!
🇺🇸 TRUMPSTER: 🇺🇸 ®️EPUBLICAN 2024 🎟 🗳 🗽 ⏰ 🎁 🍰 🥂🍾🍺🍹
He's nuts. The fiat dollar is the crux of our problems along with the unconstitutional Federal Reserve.
The only way Donald Trump will if he was president could stop the currency war is by joining the bricks nation as a minor partner because as soon as Saudi Arabia joins the bricks nation which they going to no one is giving a fat rats what America thanks or even Europe the bricks nations will trade amongst themselves and isolate the west now what are you do war that’s all he has left
The dollar is dead and doesnt want to admit it. 30 plus trillion in debt eating us alive. Look for a Fed CBDC and a digital money replacing the dollar in your bank account.
🇺🇸🇺🇸TRUMP 2024🇺🇸🇺🇸
Fiat currency is trash
Jim doesn’t know or is not telling the whole truth. The plaza accord was forced on Japan. It over valued their currency and popped their bubble then they had 3 lost decades and still have not recovered. Japan is a vassal state of US and has no hope. China and Russia will not accept another plaza accord like Japan.
Trump added $10 trillion to weigh down the sinking ship even more. The real penalties are letting the dollar remain the reserve currency without as much as a flea worth of effort on any candidate to end the debt spiral. Thank you for the increased inflation though. Global reserve currency is now a non appropriate existence in the dust bowl of time which changed forever after the West declared war on Russia and JPMORGAN Dimon said they want to destroy China. Trump is living in the past reality but it's all changed now. He just proved why in his statement.
"Trump is trying to END the currency war"…..and that's exactly why the Demonic-Psychopaths (Don't) want him back in office. They want to destroy to dollar, so they can install their CBDC Slave System!!!💯💯
Daniela you are so charming
Those foreigners don't want US Dollars? Thats good. Stop all welfare to all foreign countries and that would be a windfall to US FED TAPAYERS. Russia, China, Brazil, et als, their economies are on very shaken ground and will need to trade with IS. What does the US Constitution say about money? So, in the US money is backed by an undeclared Bankrupt US Gov't. But as a Fed T/P, you are on the hook to support that. But for crypto otherwise?
Bitcoin, Bitcoin, Bitcoin
What Trinsic, intrinsic, tangible, or intangible value does Bitcoin or any crypto currency have? I say de minimus to none. The US Constitution states in Article I Section 8 "Congress shall have the power to coin-mint money and determine the value thereof". The US Gov't will soon implement the US Digital dollar and render all other cryptocurrencies moot and demised (in the crypt). The US Gov't will never abdicate this power.
They don't need your oven mitts, Uncle Sam has no leverage.
If you think about it, nobody even needs you.
"The Creature from Jekyll Island isn't a fiction. It's real."
The West is talking war with the BRICS but wants them to follow US rules. No deal.
It's to late. This country is no more.
Trump is dropping the dollar, and killing the FED. The Treasury Department will take on its constitutional role as it should and a new US Note will come out that is backed by Gold, and other assets.
He can accomplish it if they remove the ability of all beaurocrats of putting sanctions on any country . Only the president or congress …
Return to the gold standard
Trump is a russian agent and so is JR. Trump printed more in 4 months than Obama in 8 years. Trump gave us the jab and lockdowns. Cmon
I hope Trump saves us but red team Blue team all the same
trump's a moran he is incapable of understanding any of this , why would you even say that, both sides are the same, inflate the dollar into ruin.
trumph would launch jab 2.0 then take credit for it.
I got rid of all USD I had, and do not accept any, I prefer the Canadian dollar that can withstand a bigger shock because Canada's total debt is $1.3 trillion, it was only $750 billions, but our uneducated P.M. justin raised it to $1.3 trillion, and all our social services have all the necessary funds, while the US owes overtly $35 trillions plus $250 trillions in obligations plus what it owes covertly.
tRump🤡
Trump 2024
Great strategy. Let’s see if The G7 would acquiesce tho’ #TrumpDonalds2024
Trump = Bitcoin
What are we exporting if i may ask
Realize that Trump is one of them and everything is scripted just like a play. Both the Rs and Ds work together to keep us apart. Good cop bad cop is the oldest trick in the book. Jim is smart and knows this.
Fools impose Sanctions and reserves Confiscation, how about the CHINESE PLAN?
The correct address for a "former president" is President. Don't fall into the left's narrative of using the word "former".