On the positive side there are many ways speculators can profit from dollar devaluation.
Americans ignore one of the greatest benefits of currency devaluation. Notably, a weaker currency makes it easier to pay off debts.
Dollar devaluation is attractive because America is awash in debt collegedebt reports. For instance, Americans owed $1.624 trillion in student loans, $882.6 billion in credit card loans, and $750 billion in auto loans on 23 September 2018.
I suspect that Trump is already under intense pressure from Wall Street to devalue the dollar. Goldman Sachs (NYSE: GS) and company are pressuring Trump for devaluation because they are afraid of a debt bubble. Investment bankers can force Trump to devalue the dollar by giving money to his political opponents.Read more