by David Haggith
GoldSeek
Since Tuesday afternoon, the dollar has been trading below par with the other currencies that compete against it as global trade currencies. It’s been three years since the dollar reached down to this level. While that is far from earth-shattering, the cause is unique—never seen over all the decades the dollar has served as a global currency. It has fallen, as I wrote earlier this week due to flight of major capital from US Treasuries, and that is now the talk of Wall Street.
Suddenly financial news is full of articles asking if this is the death of the dollar, as I warned back at the start of the year we might see later this year due to tariffs, having never been a “dollar collapse” guy in any of my previous years of writing about economics, even when I was working as the editor of Dollar Collapse, founded by John Rubino. (That post I took on because I do believe in the site’s general tenets that the US has been relentlessly moving toward a state of deep economic failure.)