Josh Sigurdson talks with author and economic analyst John Sneisen about a recent development in monetary news as the dollar falls following Donald Trump claiming it’s “too strong”.
Trump was making a point about how China is killing the United States in the markets due to China constantly devaluing the Yuan creating a better trade atmosphere and while Trump is right that the dollar is “strong”, it’s only artificially strong.
Josh and John break down how this claim may be correct but shows a not so great direction of the Trump presidency considering the fact that he seems to imply he’d like the dollar further devalued. Though Trump endorsed the Audit the Fed bill put forward by Senator Rand Paul and Thomas Massie, he seems to flip flop on the subject of the Federal Reserve daily. From supporting manipulating interest rates to saying that the Fed is out of control. To implying that the dollar should be further manipulated and devalued to supporting the Audit the Fed bill. It just doesn’t make much sense. There is no consistency which makes it even more of a mystery how this crucial issue will be dealt with or not in the next few years.
We will continue to cover this issue of course as it’s one of the most important subjects to cover. People must understand the effect of central planning and monetary manipulation.
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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