Ever since President Geo. Bush II declared “Mission Accomplished” at the hundred-day point in his Iraq War over non-existent yellow-cake uranium, and badly rusting, sand-pitted missiles buried beneath the desert. Big claims of war victories have turned into endless quagmires that combine to create trillions of dollars in additional debt for the US. These have become a regular feature of US international policy. It’s the Deep-State/Military-Industrial-Complex nonsense Trump promised to drain from the swamp.
Before we get to the Peace President’s flailing and failing peace agreements that are rampaging toward greater, more intense wars, let’s talk about the one thing Trump is supposed to be best at—making money. It is turning out that he is really much better at destroying it.
I have beat my drum for the past year about one major danger that would come from the Trump Tariffs—the destruction of the dollar. One of our stories listed below says the dollar has become a train wreck that is starting to lead to a sell-off of US Treasuries, as I’ve also said we could expect from the tariff wars. That, obviously, has magnified complications for the US with its massive debt to manage.
The once-mighty U.S. dollar was having another turbulent day on Thursday, and the impact of its lasting weakness against major rivals appeared to seep into the $30 trillion Treasury market.
Investors sold long-term Treasurys during morning trading, driving yields on the 10-year note.
Another article notes that the dollar now sits at a foreign-exchange level that, if breached, could cause a major cave-in for the dollar.
The U.S. dollar has been battered in the year since President Donald Trump returned to the White House. It may now be teetering on the edge of a bigger drop.
After sliding to its lowest level since 2022, the greenback lately has been clinging to a critical support level dating back to 2008. A breach below it could trigger a sharp decline and potentially open the door to further downside for the dollar.
So, the dollar’s collapse is slowly picking up momentum, but slow could turn to quick in a hurry if the present level of historic support fails to hold.
“A sustained break below 96” would suggest the greenback’s decline isn’t over yet, potentially pushing it down toward the next major support level between 89 and 90….
The dollar already has fallen more than 12% from its 2025 high of 109.96. It has faced downward pressured from a number of fronts….
Trump, a day before, downplayed dollar concerns, claiming it was “doing great”and that he was comfortable letting it “seek its own level.”
Nothing but bald-faced lies. The man who long ago claimed he liked a strong dollar might as well have just said, “Let her flush!” Maybe that is the mission. Destroy the dollar and hope people rush, not just to gold and silver, but to Trumpcoin ($Trump). So far, that is not working either. $Trump (to be pronounced “Strump,” as in the strumpet of currencies) has become a major mission fail, too. While the dollar’s death has been good for gold and slick for silver, it has not been so slick for the silver-tongued, old fox, whose $Trump is down 96% from its high. I’ll bet not too many people are glad they bet on the orange fox with their retirement funds.
But here is the most blatant failure from the Trump Tariff Wars:
After a whole year of massive tariff turbulence, the US trade deficit just exploded upward by almost 100% from the month before. On a year-over-year basis, the deficit is 4% worse than before Trump launched his new trade wars, which he promised “will be easy, so easy to win, just you wait and see.”
Still waiting for the mission of reducing trade deficits to begin to look like a win, much less to be accomplished.
(If you think bringing about the death rattle of the world’s greatest currency of the past 80 years in a single year is not the picture of financial success, wait until you see the imminent war dangers that are rapidly metastasizing directly out of the heart of Trump’s most acclaimed peace victories. These stories are encapsulated after the headlines for paying subscribers.)
Read the full article here