{"id":19899,"date":"2023-04-16T00:20:37","date_gmt":"2023-04-16T00:20:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-president-donald-trump-likens-us-losing-currency-war-against-china-to-america-losing-a-world-war-economics-bitcoin-news\/"},"modified":"2023-04-16T00:20:37","modified_gmt":"2023-04-16T00:20:37","slug":"former-president-donald-trump-likens-us-losing-currency-war-against-china-to-america-losing-a-world-war-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-president-donald-trump-likens-us-losing-currency-war-against-china-to-america-losing-a-world-war-economics-bitcoin-news\/","title":{"rendered":"Former President Donald Trump Likens US Losing Currency War Against China to America Losing a World War \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. \u201cWe\u2019ll be a second-tier country,\u201d Trump cautioned, adding that the U.S. dollar is \u201cwhat makes us powerful and strong.\u201d<\/strong><\/p>\n

Donald Trump on US-China Currency War<\/h2>\n

Former President Donald Trump warned in an interview with Fox News, aired Wednesday, that China pushing a large portion of the world off of the dollar standard would be the equivalent of America losing a world war.<\/p>\n

\u201cIran gets together with Saudi Arabia through China. And China is taking over \u2026 And, I heard a couple of people say, \u2018Well, we\u2019ll never lose a dollar standard.\u2019 Are they kidding?\u201d he said, elaborating:<\/p>\n

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China wants to change the standard, the currency standard. And if that happens, that\u2019s like losing a world war. We\u2019ll be a second-tier country.<\/p>\n<\/blockquote>\n

In addition, the former U.S. president explained that Western countries have already lost Brazil<\/a> to Chinese influence and are on the verge of losing Colombia within their own hemisphere. He further mentioned that Iran and Russia have already aligned themselves with China.<\/p>\n

Trump proceeded to comment on France\u2019s relationship with China and a recent meeting<\/a> between French President Emmanuel Macron and Chinese President Xi Jinping, reiterating:<\/p>\n

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What\u2019s going on? We\u2019re losing. If we lose our currency \u2014 that\u2019s the equivalent of losing a world war. Our currency is what makes us powerful and strong.<\/p>\n<\/blockquote>\n

The former president insisted that had Macron made his overtures to China while he was in the White House, he would have contacted the French president and threatened him with economic consequences, such as limiting the import of French wine as a penalty.<\/p>\n

According to Trump, all countries are difficult to deal with because they want to take advantage of the U.S. \u201cThey\u2019re all difficult because every country rips us off. But France is in particular very difficult,\u201d he stated.<\/p>\n

The former U.S. president revealed that he personally got on the phone with the French and threatened to impose 100% tariffs on champagne in response to France\u2019s plan to tax American companies. \u201cI get a call back 15 minutes later,\u201d Trump further shared, adding that the French told him: \u201cWe\u2019ve decided we\u2019re not going to charge American companies.\u201d However, the former president noted: \u201cBut you know what happened once I left, now they\u2019re charging them.\u201d<\/p>\n

Last week, Trump warned that China is trying to replace the U.S. dollar<\/a> as the number one currency throughout the world, predicting that under the Biden administration, they will \u201cprobably\u201d succeed. \u201cThis would be the biggest defeat for our country in its history,\u201d he stressed.<\/p>\n

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Donald Trump<\/a>, Donald Trump China<\/a>, Donald Trump currency war<\/a>, Donald Trump de-dollarization<\/a>, Donald Trump dollar standard<\/a>, Donald Trump world war<\/a>, Donald Trump world war three<\/a>, Donald Trump Xi Jinping<\/a>, US Dollar<\/a>, us dollar losing<\/a>, USD<\/a><\/div>\n<\/div>\n

Do you agree with former U.S. President Donald Trump? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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