In a shocking and unprecedented move, former President Donald Trump has announced that the United States will officially adopt a new currency—dubbed the “Trump Dollar”—to replace the U.S. dollar. The announcement, made during a fiery press conference at Mar-a-Lago, has already sent shockwaves through financial markets and political circles.
According to Trump, the current U.S. dollar has “lost its value and prestige” due to what he called “disastrous economic policies from weak leaders.” He claims that the Trump Dollar will restore America’s financial dominance and ensure that “every American carries a little piece of Trump in their wallet.”
What Are Trump Dollars?
Trump revealed that the new currency will feature his face on all denominations, with various iconic poses representing different values. The $1 Trump Dollar will showcase him giving a thumbs-up, while the $100 Trump Dollar will depict him standing in front of a golden tower. The new currency, he claims, will be backed by “real American assets” such as gold, real estate, and “the tremendous power of my brand.”
“People trust my name more than they trust the Federal Reserve,” Trump declared. “The U.S. dollar has been weak for too long. Now, we will have a currency as strong as I am.”
Immediate Reactions
The announcement was met with mixed reactions. Some of Trump’s supporters immediately embraced the idea, with prominent figures in conservative media calling it “the boldest economic move in American history.” Social media was flooded with images of supporters creating mock-ups of Trump Dollars, while some online stores even began accepting pre-orders for Trump-themed bills.
However, economists and financial experts have sounded the alarm. Former Federal Reserve Chair Jerome Powell dismissed the proposal as “completely unworkable,” warning that replacing the U.S. dollar with a currency tied to a private individual’s brand could trigger financial instability. “This isn’t how monetary policy works,” Powell stated. “This could collapse the entire global economy.”
Implementation Plan
Trump insisted that the transition would be “smooth and beautiful,” stating that all Americans would be required to exchange their existing U.S. dollars for Trump Dollars within six months. He also claimed that major banks and businesses are already preparing to accept the new currency.
In response, several major corporations issued statements denying any involvement in the plan, while the U.S. Treasury Department reiterated that only
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