As millions of Americans celebrate the fourth of July, US president Trump has shown no signs of abating his economic war on the rest of the world. The latest in the Trump twitter tirade has called for mass money manipulation to match what he sees other nations already doing.
In the eyes of the POTUS, China and Europe are pumping money into their systems in order to compete with the US. In his view, the US should ‘compete’ by doing exactly the same which would effectively devalue the dollar.
Crypto trader Alex Krüger noted that these actions would also increase interest rates and cause stock markets to soar.