by David Haggith
GoldSeek
One of my recent warnings was that the US is sliding toward more credit downgrades because the Trump Tariffs are stripping away the one thing essential to the dollar surviving as the global trade currency—TRADE. The big thing that makes the present situation far more precarious for the dollar than any previous situation is that the trade that makes dollars desirable and even needed around the world is being seriously sucked down a vortex. That greatly reduces the need for dollars in trade, which makes this the easiest time ever for any nation wanting to ditch the dollar to do so as a way to finally end US hegemony.
That doesn’t mean the dollar will go down without a hard fight, and it doesn’t mean the dollar cannot still be saved, but its rapid decline has begun, and suddenly, few seem to be arguing with that. In fact, many are openly saying it. Probably no one can say, based on any actual experience, how far a currency as broad and stable for such a long time as the dollar can slide before momentum continues the flush, no matter what anyone does to intervene.