Graham wrote on X: “Unless your dollar-denominated net worth has increased by at least 11% this year, you’ve become poorer. The dollar has decreased about 10% in value since Trump took office.”
Graham noted sarcastically that Trump could claim creating “unprecedented billionaires” when measuring in “Trump dollars, which are only worth .9 [Former President Joe] Biden dollars.”
A feature, not a bug, for gold bugs and domestic in-sourcing advocates. A weakening US dollar plays the same role as the tariffs - driving up the cost of imports and cheapening the labor of American domestics. This is a prelude to the American government instituting a Shock Doctrine on itself. Finally, all those lingering public lands and utilities and amenities can be privatized. A return to Coolidge Era Economics, at long last. Took them nearly a century, but the Republican Revolution will finally be complete.
Checked my investments. 11.12% gain YTD. Yeah baby. Got my 1% real gain.
