The Greenback has really outlived it’s purpose as world reserve currency because the government and central bank can’t be trusted with fiscal discipline. It may improve post Trump
I fear the dollar will drop so precipitously Trump will be “forced” to make TrumpCoin our official currency [forced on purpose], like a shitty version of EU’s proposed digital currency
The Executive can’t take over the monetary decisions of the country, even if the monetary decision is to replace the currency with one the executive just happens to control and put out as private party. Congress is the one with the power to tax, spend, and create money per Article 1.
The Greenback has really outlived it’s purpose as world reserve currency because the government and central bank can’t be trusted with fiscal discipline. It may improve post Trump
I fear the dollar will drop so precipitously Trump will be “forced” to make TrumpCoin our official currency [forced on purpose], like a shitty version of EU’s proposed digital currency
That would be truely outrageous. Luckily he can’t do that.
I understand, but at this point I don’t trust that line of reasoning. If he want to do it, he will.
Who is going to stop him?
The Executive can’t take over the monetary decisions of the country, even if the monetary decision is to replace the currency with one the executive just happens to control and put out as private party. Congress is the one with the power to tax, spend, and create money per Article 1.
Yeah, but who enforces the constitution right now in the US? The executive can’t start wars either.
What would practically happen if Trump and the White House just declared they did it, and the oligarchs just went and had the tech made to enforce it?