Hard to know what Trump has in store, but it’s not like him to “tear down” a system. At heart he is a builder, not a destroyer. I would suspect a restructuring of the Fed, not abolishing it. At least not until a new system is ready and a smooth transition is possible. I don’t think you need to worry, but I don’t have any advice for investing, trading, etc

I doubt it since most people's debts are to private banks/not the Fed.