Trump's 50-year War on the Dollar

Could have saved himself a lot of trouble if he just did VTI and chill. Would have had better returns too.

I don’t buy the framing that this is some grand “debtor’s strategy.” Trump’s relationship to debt has been mostly survival — bankruptcies, restructurings, junk bonds — not some masterclass in macroeconomics. The US dollar isn’t a casino balance sheet; it’s a global reserve currency with network effects and political commitments that outlast any single administration.

Yes, inflation erodes debt, but it also destroys credibility — and once you lose that, financing costs explode. The real danger isn’t Trump’s supposed genius, it’s that treating the dollar like a personal put option underestimates how fragile global trust actually is.

Plus the guys super into gold, I feel like he would prefer a strong dollar

Trump’s hated a strong dollar since 1970s inflation made him his first billion. This is a longer article, but it details this history, Trump’s logical next move, and what normies like me can do.

Weimar didn’t turn out too well.

All those tech bros might not like their wealth being invalid outside the US.