- The Death of the Dollar
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- 10% Down, No Panic, No Plan — What Comes Next?
10% Down, No Panic, No Plan — What Comes Next?
The U.S. dollar has quietly logged its worst half-year start since the Reagan administration—down nearly 10%.
No Lehman moment. No Capitol Hill panic. No emergency Fed presser.
Just a slow, steady decline of the world’s most important currency... that most Americans haven’t even clocked.
But here’s what the headlines won’t say:
This might not be a bug. It might be a feature.
The Fed Isn’t Fighting This
Powell hasn’t said it outright. He doesn’t have to.
Markets are already pricing in rate cuts. Inflation has cooled just enough for the Fed to shrug. And with political uncertainty still lingering after the 2024 election, no one wants market turbulence right now.
A weaker dollar keeps exports competitive, inflates away some debt, and boosts stock prices.
But it also kills your savings. Silently.
The Rest of the World Got the Memo
While Americans were watching Nvidia earnings and Supreme Court drama…
Japanese pension funds started hedging out of U.S. debt
The Danish central bank began actively reducing its dollar exposure
And European strategists are suddenly calling for a reserve renaissance
Some are calling it “Sell America.”
Others just call it... smart positioning.
In 2008, the dollar surged as a haven.
In 2025, it’s fading as a habit.
This isn’t a crisis. It’s a realignment. Of reserves. Of policy. Of trust.
Because what happens when the world stops needing dollars?
It starts questioning everything built on top of them.
What to Watch Next
This isn’t over. It’s just the warm-up act.
The Fed’s next move is still in play — and any rate cut could push the dollar even lower
Trump has already brought tariffs back into the headlines
And as global capital shifts away from U.S. assets, America may be heading toward its most consequential financial reset in decades
Until next time,
—Death of the Dollar