The US political arena is undergoing a transformative change. With Trump taking over the White House, the US anatomical structure is in the queue for a revamp, the kind that prioritizes the glorious American legacy above all. Trump’s recent comments about protecting American integrity by curbing the calls for de-dollarization are set to play a central role during his term, which may kickstart the era of “re-dollarization” as the Trump-Musk duo continues to put leashes on forces eroding the integrity of the United States.
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De-Dollarization End: Trump’s US Dollar Revival Strategies May Boost The Greenback
Elon Musk was recently crowned as the head of the Department of Government Efficiency, or DOGE. Trump had briefly mentioned Musk’s political debut in one of his electoral rallies, adding how the Tesla CEO’s guidance could prove lucrative for the domain.
Today, Musk took to X to share a statement issued by Trump, appointing him as the official DOGE chief. Musk will be responsible for budgeting and carrying out financing duties and services. This roughly entails how Trump’s promises and vows made during his speeches are not merely sentences made in jest but are visionary phrases set to revive the long-lost American glory.
Trump had also vowed to protect the US dollar by curbing global de-dollarization outcries. This plan includes imposing taxes on countries moving away from the dollar to keep them in alignment with the American currency in a way to protects the greenback.
JUST IN:
Donald Trump says he will put 100% tariffs on countries abandoning the US dollar as world reserve currency. pic.twitter.com/kDKcyiLPos
— Watcher.Guru (@WatcherGuru) October 15, 2024
In addition to this, the consistent usage of the dollar in global transactions is also spiking, reinstating the belief of “re-dollarization” all over again. Per a recent report, the dollar’s usage has outpaced the euro and yuan in global SWIFT transactions, reaching its highest in the last 12 years.
Trump may continue to support such policies that may push the greenback to new highs. This development may paralyze nations intending to ditch the USD. It may thwart plans of alliances like BRICS and ASEAN that were already spearheading initiatives of de-dollarization at a rapid pace.
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Musk To Reforms USA’s Infrastructure Regime
As the newly crowned head of DOGE, Musk plans to usher in a tidal wave of change in the US. His plans include slashing unnecessary government expenses and regulations, restructuring federal agencies, and carrying out plans to dismantle government bureaucracy.
“I am pleased to announce that the Great Elon Musk. Working in conjunction with American Patriot Vivek Ramaswamy will lead the Department of Government Efficiency (“DOGE”). Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy. Slash excess regulations, cut wasteful expenditures, and restructure federal agencies—essential to the “Save America” movement.”
Musk has also shared plans to curb rising US debt metrics, an area that needs severe budgeting and financial planning. The duo together may bring in policies that may push the USD to higher levels while transforming the US anatomical structure.
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