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.
7 comments
[ 0.24 ms ] story [ 32.1 ms ] threadYes, 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
All those tech bros might not like their wealth being invalid outside the US.