Currency Wars - Something to Ponder at least

If our president, D.J. Trump, does remain in office, do you suppose
an international currancy war could insue?

He has made declarations to the effect he would put whatever value
he chooses on the U.S. dollar.

Think about the ramifications. I have, and I see the feasibility of
a total monetary collapse in the offing............of course all in due time, not man's.

I do not believe he can actually do this, but the thought has been put out for someone, right?

I know our Father is totally in control, but in thise last moments of what is here called time, it will seem to many
as though He is not, and this is where the few left with understanding, though scattered will be blessed to help many.

Praise God, amen.

I do, however, foresee the possibility, and in view of man's materialism, the probability of retaliation to any such move by the US and the dollar should this ever occur.

The European Union could possibly do the same with the Euro.

China, an economic powerhouse regardless of any world recession by its sheer numbers could enter into the fra by refusing to base oil commerce, petroleum that is, on the dollar resulting in a totl collapse of all currencies.

There are so many scenarios, yet mankind lives blissfully allowing the ruthless to enter into the arena of political power to destroy everything. This all reminds me of what our blessed God tells us in Revelation about what the Lord will do when He returns, that is, He will destroy the destroyers. Blessed be Jesus Christ forever, out King, amen.

Interesting coincidence this should come up.
A little off subject, last night I was reading a brief history of American coinage.

Many in the young country were using a Spanish coin as currency up until the late 1860's
I did not know that the penny was not made legal tender until shortly after the civil war.
In different areas of the country people were using a mix of different coins, American and foreign, to pay for itmes.
The modern money system we currently use did not come into effect until after the civil war.

James Snowden from the late 1840's to the early 1860's and Salmom Chase ( Chase bank was named after him but he did not own it ) in the early to mid 1860's both made a huge impact on shaping the system to what it is today.

Also the USA did not have on demand paper money issued until 1861. It was to finance the civil war. All USA notes issues since that date remain redeemable at their full face value.

At one time the USA issued $500, $1000, $5,000, $10,000 and even $100,000 bills. The last denomination were used only for internal purposes though, so essentially they do not count as a circulated note. The $500 and larger bills were last printed in very late 1945 and officially discontinued in 1969.

oh yes Res,

He sacked SaG, want to weight/compare them with us NOW???

The president has no power over the value of the dollar. That value is determined in the currency exchange market and its dependent on the health of national economies, trade numbers, economic news, etc... A lot of currencies are tied to each other but they still fluctuate some from day to day, hour to hour just like a stock on the stock exchange.

My comment is a result of his threat, idle or not, it has planted a seed.

I have to disagree with you because his actions will have a huge influence on the dollar.

Take the little gem in charge of South Africa at the moment, he fired the finance minister and appointed a nobody (one of his puppets) and within a couple of hours the Rand devalued by more than 30% he then fired his latest appointment and appointed a financial guy into this position and BAM the Rand stabilised and gained some ground against all the major currencies.

Now if Donald Trump for some reason needs the dollar to devalue he can do something like that and you can imagine what chaos will be born because a lot of nations around the world use the dollar to trade...

Oooo, another scary story from the African continent is that one day the Malawian people paid (for argument sake) 100 Malawian Kwacha for a loaf of bread. The smart guys in charge of world finances then realised that the Malawian currency was overvalued and the very next morning they had to pay 200 Malawian Kwacha for the same loaf of bread.

Things happen. If Donald Trump refuse the world dollars to trade in (like most countries in Africa are using) there are no more reason for people to keep dollars around and the value of the currency can take a nose-dive. China is already manipulating the African countries with all their "freebees" but in the end they will come knocking with certain demands and we don't know what the demands will be (yet ).

The other day I was thinking about Donald Trump as president. He has declared bankruptcy on more than one occasion and I do understand that sometimes business men do these kind of things to avoid taxes etc but it also shows the American public that he can be impulsive and then make bad decisions.

I for one do like Donald Trump but he has to surround him with people that gives him good advise else America could have a problems.