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Institution of Affiliation
Trumpism is a new move by the American president to make the country great again by ensuring that local producers and manufacturers benefit from the persistent trade deficit that has been held by America for a long period now. America is the holder of the world’s foreign exchange reserve which makes its assets across the world the most valuable while those of other countries are low. This order of currency power was established 70 years ago by the Breton wood system where the dollar was made the central currency of reference against which other assets and monies would value (Anonymous, 2017). Although the move has been like power privilege for America to control the capital market and regulate the stabilization of world assets, it is a burden that the Trump era desires to offload.
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