Under Biden the dollar has lost 12% of its value to the euro, 9% to the pound, 8% to the yuan and 7% to the yen since 2020

Biden took office Jan 20, 2020. So he's been president for over 3 years now. During Trump's presidency the dollar gained 6% against the euro, 3% against the pound and 19% against the yuan. So basically everything has happened the opposite of what it was during Trump's time in office. Trump implemented a tariff war against China, which caused the yuan to fall and the dollar rose. Biden got China out from under Trump's trade tariffs and now the yuan is rising. Trump implemented energy independence in the US and caused the price of oil to drop to historic lows. Now the price of oil is at historic highs and starves other nations that don't have our energy independence. <br><br><br>So, what caused these huge changes? Well, when Trump took office in 2016 the Democrats were in control of the House, the Senate, the presidency, five Supreme Court votes, and controlled two-thirds of governorships of state governments. So Congress and the judiciary had plenty of opportunities to undo whatever Trump wanted to do, yet they didn't. So, they did something other than the obvious. They didn't cut taxes and the borders were not opened. What did they do? They launched several years of intense economic sanctions on Russia and they worked. Russia's economy shrunk by 3% in a single year, oil prices hit historic lows and the ruble lost a third of its value. All of this was seen as a major success, until Biden took over and gave up all of the sanctions to China and climatedeal. Essentially, all of Trump's gains were erased within days. In particular, the ruble jumped 15% against the dollar over Trump's sanctions, then Biden gave up the sanctions and the ruble fell back 15%. Same with the yuan and oil prices.<br><br>As for Nato, the alliance agreed not to move troops into Nato member Poland and the former Soviet republics (3 balkan nations) in exchange for Russia not attacking any Nato member. This was agreed to in 1997 by Bill Clinton, Boris Yeltsin, Tony Blair and Helmut Kohl. Trump made it clear in 2016 that Nato was still a valid agreement, and we would honor it. Biden changed that, and now NATO is planning to add 15,000 new troops in Eastern Europe and on the Russian border.<br><br>So, what is Russia's economy based on? Russia is the world's second largest oil producer, second largest natural gas producer, the 5th or 6th largest producer of uranium and has the world's largest supply of rare earth elements. This means that Russia doesn't have to import anything from anywhere. If Russia could have just kept the rest of the world from getting to it, they would be the world's largest economy. So, if you cut off everybody else's access to Russia's energy, you could make their economy collapse. Trump did that. Biden gave up the sanctions.<br><br>NATO was formed in 1949 as a defense alliance against the Soviet Union. Russia and the Soviet Union is the same entity. So, NATO was formed against Russia, but it had never been activated. So, in Feb 2022, Russia invaded Ukraine. Trump would have never done that. It was Biden.<br><br>The dollar losing value is not good for the US economy, but it helps US trade because it makes everything we import more expensive for foreigners.