Trump’s U.S. Dollar

Trump’s Mar-a-Lago Accord

The deliberate weakening of the dollar

Undermining the U.S. dollar globally

The coercive vision labeled the “Mar-a-Lago Accord” (Accord) harms America’s ability to finance its deficits. The dollar has long been a global anchor currency. Yet the Trump regime is actively undermining the status of the U.S. dollar as the world’s leading global currency.

Photo by Jp Valery on Unsplash

The so-called “Mar-a-Lago Accord” isn’t an official, documented policy proposal. It’s a wishlist to set fire to the U.S. economy and devalue the dollar to advance a vision to reshape global geopolitics and the entire economic order. It’s also a plan to destabilize global currencies' reliance upon the dollar. The U.S. dollar’s global primacy is under dire threat from the so-called Mar-a-Lago Accord, which will make it a disadvantage for central banks to continue holding U.S. Treasury securities.

Stephen Miran, an architect of the Accord, believes America can force foreign central banks to convert their existing T-bills to 100-year U.S. bonds without coupon payments. The plan would also create “user fees” and charge them to foreign central banks holding U.S. debt. In addition, the plan discourages foreign investment in the U.S. by including a general tax on foreign…