Not according to Miran, who suggests that foreigners could be taxed on their holdings of US Treasuries to lessen their attractions to overseas investors, never mind that this would be both a technical and legal default.
That’s a err, brave position to take.
I follow this quite closely.
Trade deficit = capital inflows
Tariffs affect the left. Withholding taxes affect the right.
S&P is trading on insane p/e because Asian exporters park their cash surpluses there.
Trump wants to rebalance global trade. Capital taxes are less dumb than tariffs.
SO WHAT
Buy gold because cash is leaving the dollar and has to go somewhere.
Buy bitcoin because Trump will eventually get his way and print lots of dollars.
These assets are volatile so should be held for 7 to 10 years.
Not financial advice. Circumstances differ etc.