What if the dollar lost its status? #historyshorts #history

 https://www.youtube.com/shorts/4kbMjtH-lUM

 

The dollar is sinking. Trump thinks it’s great. - POLITICO

A weakening dollar causes concern because it diminishes the purchasing power of U.S. businesses and consumers and can lead to higher inflation...

https://www.politico.com/news/2026/01/27/the-dollar-is-sinking-trump-thinks-its-great-00750307 

 

Trump’s dollar delusion: how trade war risks ending the US’s ‘exorbitant privilege’

Magical thinking is indispensable to understanding Team Trump's economic policymaking. The White House often seems to believe two opposing policies can work together while one policy can do two or three contradictory things. 

A heavy dose of hocus pocus will be needed to make the administration's dollar policy work in the interest of the United States, for it appears that they want to end the US dollar's supremacy in global finance...

https://www.theguardian.com/business/2025/nov/09/trump-trade-war-dollar-value

 

Why Donald Trump’s plan to weaken the dollar is flawed

While closing the fiscal deficit would not automatically eliminate the current account deficit – that would depend on how the gap is closed and how the private sector responds – it is a far more straightforward fix than launching a trade war. Reducing the fiscal deficit would, however, involve the difficult political task of convincing Congress to pass more responsible tax and spending bills. And unlike a high-profile trade confrontation, it wouldn't cause foreign leaders to curry favour with Trump; instead, it would shift media attention back to domestic politics and congressional negotiations...

 https://www.theguardian.com/business/2025/may/07/why-donald-trumps-plan-to-weaken-the-dollar-is-flawed

 

The Wild Trump Theory Making the Rounds on Wall Street - The Atlantic

"It's one thing if a plan makes sense in theory but not in practice," Steven Kamin, an economist at the American Enterprise Institute and the former director of the Division of International Finance at the Federal Reserve, told me. "This one doesn't even add up in theory."…

https://www.theatlantic.com/economy/archive/2025/03/qanon-tariffs/682144/

A BRICS currency is unlikely to dislodge dollar any time soon – but it signifies growing challenge to established economic order

Meanwhile, rising interest rates and the recent debt-ceiling crisis in the U.S. have raised concerns among other countries about their dollar-denominated debt and the demise of the dollar should the world's leading economy ever default...

https://theconversation.com/a-brics-currency-is-unlikely-to-dislodge-dollar-any-time-soon-but-it-signifies-growing-challenge-to-established-economic-order-206565

The anti-dollar awakening could be ruder and sooner than most economists predict - CNBC

The United States is currently waging economic warfare against one tenth of the world's countries. ....
https://www.cnbc.com/2018/08/27/the-anti-dollar-awakening-could-be-ruder-and-sooner-than-most-economists-predict.html