Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Global Collapse? Trump’s Tariff War Explained

Apr 30, 2025
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INSIGHT

Why USD is Global Reserve Currency

  • The U.S. dollar is the global reserve currency primarily because the U.S. won WWII and had the world's gold reserves.
  • Large U.S. trade deficits led other countries to invest trillions in U.S. dollar assets, keeping the system intact.
INSIGHT

Growing Dollar Crisis Bubble

  • The U.S. trade deficits and debt have ballooned since 2002, expanding the global economic bubble.
  • This bubble is more vulnerable now, increasing the risk of a dollar collapse and global financial crisis.
INSIGHT

Trump's Three-Step Tariff Plan

  • Trump's tariff strategy aims to isolate China economically by imposing a global tariff wall.
  • The goal is to devalue the dollar and force other nations to acquiesce by threatening removal of U.S. security support.
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