Wednesday, May 20, 2020

The Trump Dollar

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From: New York Sun <editor@nysun.com>
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Sent: Wed, May 20, 2020 4:32 p.m.
Subject: The Trump Dollar


The Trump Dollar
The New York Sun

The Trump Dollar

Editorial of The New York Sun | May 20, 2020

Is it possible that come election day, the Trump Dollar will be the weakest dollar in American history? At the rate at which things have been going, it would be unwise to rule out the prospect. The value of a one-dollar Federal Reserve note has plunged to under a 1,740th of an ounce of gold. That's a 31% drop in the three and a half years that President Trump has been in office. If the greenback plunges another 8.5%, the aforementioned ignominy is at hand.


1 comment:

Anonymous said...

We have been headed that way ever since the time of FDR.