The first six months of this year have been the dollar’s worst in 50 years. It is comparable to the 1973 crisis when Nixon decided to remove the gold backing of the dollar. In the first 6 months the dollar has fallen 10% as a world currency along with its bond market.
The lack of confidence in the dollar is also demonstrated in the rise of the price of gold by 25%. The fall of the dollar is a far bigger problem than the spastic edict tariffs of the Orange Lobster. It has been sliding for the last 20 years as the use of the Chinese yuan has been rising and as BRICS provides alternatives
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