Ah I keep hearing of these multi billionaires and how wealthy they are. Now let me get this straight ( I could be absolutely wrong) but isn’t their wealth is in terms of the dollar? Now I also understand that the dollar is falling in terms of other currencies of the world. Now what happens if dollar turns into value less then the Mexican peso ( I know that there may be some snarky people out there who if they were to read this would fall off their chair in laughter). I being who I am look at those countries that are selling the United States debt, therefore weakening the dollar. The Cheapening dollar by printing more dollars. The Looking of countries to make trade deals that exclude the United States, because of the high tariffs. The no need to buy American products because of these trade deals, therefore less need for the American dollar.
Now of course these billionaires will still be billionaires ( maybe) but their worth in the terms of foreign currency will not be the same.
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The weakening of the Social Security system is another attack on the dollar, but I’ll leave that for another post.
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