Trump Warns US on the Road to the Equivalent of ‘Losing a World War’
- Trump Warns US on the Road to the Equivalent of ‘Losing a World War’
by Charles Creitz | Fox News
China purportedly seeks to supplant the dollar with the yuan as the world’s reserve currency
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Former President Donald Trump warned in an interview with Fox News’ Tucker Carlson the potential for China to push a large portion of the world off of the dollar standard would be the equivalent of America losing a world war.
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Since the end of World War II – and some believe since the Industrial Revolution – the U.S. dollar has been the dominant currency worldwide. But the Chinese now seek to make the yuan more powerful.
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Doing so, critics argue, could render the dollars and U.S. T-bonds held in other countries’ treasuries much less valuable as those governments would no longer hold the world’s dominant currency.
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