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✍️ Trump's tariffs may not be the solution to revitalize the Rust Belt and solve the US economic woes, as they fail to address the root cause of the problem, which is the decoupling of the US dollar from the gold standard in 1971.
👉 Trump's tariffs may not be the solution to revitalize the Rust Belt and solve the US economic woes.
👉 The decoupling of the US dollar from the gold standard in 1971 led to the rise of fiat currency.
👉 Fiat currencies are not backed by any physical commodity, which renders them government-issued IOUs.
👉 Bitcoin is a viable alternative to fiat currency, which can provide a hedge against inflationary pressures and cultivate fairer trade.
#GhaffarHussain #politics
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Bitcoin Magazine Why Trump’s Tariffs Can’t Fix The Broken Fiat System The Trump tariffs will not revitalize the American economy like he thinks, but maybe Bitcoin can help where tariffs can't. This post Why Trump’s Tariffs Can’t Fix The Broken Fiat System first appeared on Bitcoin Magazine and is written by Ghaffar Hussain.
https://bitcoinmagazine.com/markets/why-trumps-tariffs-cant-fix-the-broken-fiat-system