David Graham
Appointing Scott Bessent as the incoming Secretary of the Treasury, President Donald Trump recently pointed out that this choice was part of his global strategy to, amongst other aims, “[…] fortify our position as the World’s leading Economy, […] Destination for Capital, while always, and without a question, maintaining the US Dollar as the Reserve Currency of the World,” reinforcing the belief that the US dollar remains one of the world’s most powerful and widely recognized currencies, both in its physical and emerging digital forms. This dominance, while increasingly challenged, continues to provide the American government with unparalleled leverage on the global economic stage.
Aligned with the campaign’s direction and the early appointments in the new administration, the dollar—whether physical or digital—must be strategically positioned as a tool of power to advance the MAGA (Make America Great Again) agenda. While the rise of cryptocurrencies presents new opportunities and considerations, the enduring challenges tied to the physical dollar remain consistent. These challenges now warrant even greater political focus, emphasizing the greenback’s role as both a sovereign instrument and a symbol of American strength and authority.
It remains a powerful tool on the international stage, with some independent countries using it as a national currency, while many others happily employ it as an alternative currency of exchange, while others are considering restricting cash dollar transactions, which only underlines the range of the dollar’s influence. As for Americans themselves, they attach a significant importance to their beloved bill as well.
No comments:
Post a Comment