Donald Trump and the Fed are destroying the U.S. dollar
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On top the of the massive economic aid package, the Fed has been working hard to prop up plunging markets—with mixed results despite its shock-and-awe firepower.
Potential risks of the combined cross-party rescue bill and Fed’s biggest-ever bazooka include out-of-control inflation, the dollar’s displacement as the world’s funding currency, and the complete destabilization of the U.S. financial system.
The Fed has pumped over $1 trillion to the system in recent weeks, with its chair Jerome Powell promising never before seen levels of money printing and so-called quantitative easing to infinity through an unlimited bond-buying program.
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