“Trump is not trying to start or continue a currency war. He's trying to end the currency war,” says Jim Richards, New York Times bestselling author. In an exclusive interview with Daniela Cambone, Richards says we're in the same currency war that began in 2010. He cites the history where in 1985, finance ministers met at the Plaza Hotel in NYC and agreed to control the dollar's devaluation through market intervention. By 1987, they met again at the Louvre in Paris to stabilize the dollar, leading to over 20 years of economic stability and low inflation. James Rickards highlights Robert Lighthizer’s role in these agreements and suggests a modern approach to achieving currency stability with the G7, potentially involving a slightly cheaper dollar and cooperation to avoid tariffs. The winners? U.S. investors and workers. The losers? Those betting on China.
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#economy #JimRickards #gold
5 окт 2024
