We can thank Donald Trump for much of this (although there is backdrop from the increasing National Debt which accumulated independent of Donald Trump and other complicated unhealthy dynamics that he is making worse).
His ruinous to everybody tariffs, especially have decimated the trust in the United States. Foreign countries, instead of increasing business with the United States are REPLACING us with new relationships with other countries that have leaders and agreements that they can rely on.
Leaders that are not unstable, not pathologically thinking and acting and not suffering with progressive dementia.
The United States and our dollar are being shunned and isolated as much as possible.
Previous thread:
US dollar getting crushed
33 responses |
Started by metmike - June 26, 2025, 10:26 p.m.
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‘Gold Will Replace USD as Dollar Debasement Deepens,’ Warns Peter Schiff — Market Implications Explained
https://tradingeconomics.com/united-states/currency
1 year: Dollar crashes down 10% under Trump and below $1+ key support. Retesting that in November with a failed dead cat bounce. $1 is now brick was resistance.
10 years: Major highs(double top?). Collapse in 2025 below $1. Short term bottom, then a bear flag that retested $1 which is now brick wall resistance. Potential downside break out from the bear flag formation confirmed with a solid close below the 2025 lows.
BRICS nations will meet virtually next week to coordinate trade retaliation against the US. Has Donald Trump’s tariff blitz on top emerging economies sparked a stronger alliance among his biggest rivals?
https://www.dw.com/en/will-brics-boom-under-trumps-watch/a-73750601
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Breaking Down the BRICS Tariff
https://www.americanactionforum.org/research/breaking-down-the-brics-tariff/
Jacob Jensen
Executive Summary