Economy

Rhiannon12866

(231,102 posts) Sat Mar 29, 2025, 05:00 AM Saturday

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

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

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How Trump's economic team hopes to reset the international financial system - DW News (Original Post) Rhiannon12866 Saturday OP

Post removed Post removed Saturday #1

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

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

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

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

Seems more like a collapse than a reset. C_U_L8R Saturday #6

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

Response to Rhiannon12866 (Original post)

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Think. Again.

(22,330 posts)

2. We've already given away our chance at New Energy dominance to China...

Reply to Rhiannon12866 (Original post)

Sat Mar 29, 2025, 06:09 AM

Saturday

...now he wants to give away our financial dominance?

Why?

Rhiannon12866

(231,102 posts)

3. Wouldn't this lower the U.S. debt?

Reply to Think. Again. (Reply #2)

Sat Mar 29, 2025, 06:14 AM

Saturday

Somehow this has to mean more money for TFG, which I'm sure is a big reason he wants to hold on to the office - and control the international finance system.

Think. Again.

(22,330 posts)

4. It would lower the value of U.S. debt, AND lower the value of the dollars used to pay that debt.

Reply to Rhiannon12866 (Reply #3)

Sat Mar 29, 2025, 07:08 AM

Saturday

...so it would have no actual beneifit to us as the debtors.

Rhiannon12866

(231,102 posts)

5. Thanks! And we already know that TFG has gone bankrupt six times

Reply to Think. Again. (Reply #4)

Sat Mar 29, 2025, 07:25 AM

Saturday

He should be allowed nowhere near the U.S. Treasury. And doesn't he still owe millions to both E. Jean Carroll as well as the State of New York??

C_U_L8R

(46,834 posts)

6. Seems more like a collapse than a reset.

Reply to Rhiannon12866 (Original post)

Sat Mar 29, 2025, 07:48 AM

Saturday

Afterall, these aren't the smartest cookies in the jar.

bucolic_frolic

(49,447 posts)

7. Devalue the Dollar so foreigners will buy our debt and we can borrow more

Reply to Rhiannon12866 (Original post)

Sat Mar 29, 2025, 05:00 PM

Saturday

Kick the can down the road, IOW.

Meanwhile, we've done this again and again because we were the envy of the world, could buy raw materials cheaply because of high dollar valuation, people wanted to emigrate here so we got plenty of labor, and most of all because of our technological and scientific innovation.

IOW, all the reasons for our past success are being reversed and dismantled in favor of CHEAP money.

This is a recipe for weakness. Putin couldn't do it better.

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