KTFA JJimmyJJ: "Iraq shouldn't think for a second that the US will allow them to keep their currency at a program rate" 12/3/19

by **RamblerNash** Tue Dec 03, 2019 9:44 pm

JJimmyJJ

If anyone is curious about how Trump feels about international monetary policy, here are two tweets from his account today (Monday) :

"Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.

The Federal Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies. This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen - Fed!"

It should be perfectly clear that Trump hates devalued currency, and that he wants all countries to compete on a level playing field in regards to monetary supply. IOW, Iraq shouldn't think for a second that the US will allow them to keep their currency at a program rate (or, more accurately, that the US will allow Iran to keep Iraq at a program rate).