Trump warns about the collapse of the US dollar

Former US President Donald Trump has recently expressed concerns about the potential collapse of the US dollar. Trump, who has been a vocal critic of the Federal Reserve's monetary policy, warned that the US currency could lose its status as the world's reserve currency and that other countries would no longer want to hold US dollars.

In a recent interview with Fox Business, Trump said that the Federal Reserve's policy of low-interest rates and quantitative easing has led to the devaluation of the US dollar. He also criticized the US trade deficit with China and other countries, which he claimed has resulted in the accumulation of trillions of dollars of foreign debt.

Trump's comments come at a time when the US dollar has been weakening against other major currencies, such as the euro and the yen. The COVID-19 pandemic and the subsequent economic downturn have led to a surge in government spending and a record level of debt, which has put pressure on the US dollar.

While Trump's warnings about the collapse of the US dollar may be seen by some as alarmist, they do highlight the need for policymakers to address the underlying structural issues that are contributing to the currency's weakness. It remains to be seen whether the US government and the Federal Reserve will take action to address these concerns and prevent a potential collapse of the US dollar