Why America will devalue the Dollar
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.
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