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Commentary: The Trump economic plan that could be much riskier than tariffs

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Investors are paying attention to a concept known as the “ Mar-a-Lago Accord ” It would dramatically rewire global capital flows by permanently devaluing the US dollar, refinancing trillions of dollars of US debt.

Stephen Miran is a former senior strategist at Hudson Bay Capital who wrote a 41 -page essay on restructuring the global trading system.

Trump 's plan to devalue the dollar is unlikely, but a 'coercive' deal could be possible.

Voluntary agreement is unlikely since trading partners would end up at a disadvantage.

Trump team could somehow force current foreign holders of Treasury securities into a new “century” bond with a 100-year maturity.

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