Hey guys,
yesterday I read an article about the devaluation of the US-Dollar. It states that the USD is loosing its valuation compared to other currencies - especially the Euro. In the last two months it went from 1.16$ down to 1.22$ per Euro.
Also through Trumps tax reforms the US is going to rise its dept from planned 685 bln up to 1050 bln until 2019.
If this is going to happen, this maybe could lead to a new economic crisis because the US looses its economic strength, which weakens all other countries too.
This could mean, that all the people stop trusting banks or states providing stability. Following that it maybe could lead to an explosion of cryptocurrencies which gives us people the opportunity to decide ourselves what we want to do with our money and how the system should be hold stable.
Do you think that these reforms of the taxation in the US could lead to an economic crisis? And also do you think if it happens that this could mean the final enforcement of cryptocurrencies?
Here is also the link to the article if someone wants to read it: https://www.welt.de/finanzen/article172699111/Dollar-Die-seltsame-Schwaeche-der-US-Waehrung.html
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