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"https://sputnikglobe.com/20250203/trumps-crypto-play-thinly-veiled-attempt-to-mimics-fdrs-gold-standard-strategy-1121533546.html"
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"Trump’s Crypto Play ‘Thinly Veiled Attempt’ to Mimic’s FDR’s Gold Standard Strategy"
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"Ostwald, chief economist at ADM Investor Services, thinks Trump is fearful of the BRICS idea to create their own trade settlement currency and is trying to strengthen the US dollar through cryptocurrencies. However, this could lead to a crypto bubble and threaten the economy. Ostwald also believes that Trump's attempts to mimic Franklin Roosevelt's 1933 move to depreciate the US dollar in relation to gold could be a thinly veiled attempt to pay off the country's $35 trillion debt. The economist also warns that the crypto market crash could get worse if the trade wars escalate."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqtzd649x2ry4dv2qxp3jf2yahk5xsldwu3q4a6nvyuw3cmlmvpzmq7swkjv\nhttps://cdn1.img.sputnikglobe.com/images/sharing/article/eng/1121533546.jpg?11215336741738601548\nPresident Trump's announcement of new tariffs against Canada, Mexico and China has perturbed the crypto market, undermining the administration's ambitious plans for deregulated digital money. A leading economist explained to Sputnik what's really behind Trump's fascination with crypto, and why it could trigger a major economic crisis.\nhttps://sputnikglobe.com/20250203/trumps-crypto-play-thinly-veiled-attempt-to-mimics-fdrs-gold-standard-strategy-1121533546.html",
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