While in an exclusive sit-down interview with FOX Business’ Larry Kudlow, former President Donald Trump expressed concerns about the declining role of the United States on the global stage and the potential loss of dominance of the U.S. dollar as the world’s reserve currency.
During the interview, Fox News on Thursday, August 17, reports that the former President Donald Trump stated, “Our country is going to hell and we’re not going to be the big boy.”
He highlighted the waning influence of the U.S. currency, noting that it’s not just about the value of the dollar but also its global usage.
Trump described the U.S. dollar’s position as “very powerful” but expressed apprehension over other countries, particularly China, considering alternatives like the Yuan.
Trump also discussed the impact of energy policy on the economy and rising inflation. He attributed inflation to energy costs, emphasizing its pervasive influence on various sectors.
The former president criticized the Biden administration’s decision to halt federal land and offshore oil drilling, which he believed could have positioned the U.S. as a major energy force and contributed to economic growth.
Speaking about the state of the nation, Trump expressed his commitment to bringing “common sense” back into the White House.
He criticized the current administration, asserting that their decisions lacked practicality and were detrimental to the country’s well-being.
Trump conveyed his belief that the nation could be turned around quickly with a return to common-sense policies.
The former president’s interview comes amidst speculation about his potential candidacy in the 2024 presidential election.
According to a recent Fox News national survey, Trump maintains a significant lead in the Republican primary contest.
The full interview is set to air on “Kudlow” on Thursday, August 17 at 4 p.m. EST on FOX Business, providing further insights into Trump’s perspectives on various economic and political matters.