A strong dollar makes the U. S. more secure.
Weakening the dollar is national suicide.
Crypt currencies are no different than having the Yen, the Rubble or some other currency become the global standard vs the U. S. Dollar.
You seem to think that seeing the U. S. Dollar abandoned overseas would help us control spending. It would have the exact opposite effect.
As the value of the dollar dropped, the U. S. Government would have to pay out more dollars to purchase the same things it does today. Even slashing government payouts would not suffice. You couldn’t slash enough in that climate.
It would cause a collapse of our economic system. It would screw our citizens into the ground.
A weakened dollar would result in you and I having to pay more for everything.
If you want to pay $15.00 for a loaf of bread, $150,000 for an econobox car, $10,000 a month for rent, or $7.5 million for a shack of a home, your idea would be a great one.
And in six months, all these costs would likely be doubled.
You strengthen your economy by sparking the economy, reducing your expenditures, and paying down the national debt.
Trump has already made great inroads on two of the three things above.
As he addresses welfare and federal receipts go up, the dollar will get stronger, and the things that concern you will fade.
If he addresses privatization of our retirements in a new form of social security that gets the government out of it for future generations, he’ll have gone about things in exactly the right way.
Huge difference between cryptocurrencies and a nation’s currency. It can’t be manipulated via things like printing money. It basically makes no one in charge (like with gold). Whoever gets the money has the money.
“A strong dollar makes the U. S. more secure.
Weakening the dollar is national suicide”
We don’t have a strong dollar. We have one that is steadily being debased and degraded. The thousand dollars you had in your pocket in 1985, is worth 427 dollars today. If you had 1000 dollars in your pocket in 1972, it would spend like 166 bucks today.
Go ahead, lecture us about the strength of the dollar and about how crypto is debasing it. Don’t be a tool.