"In the past, whenever there was a financial crisis or a major political conflict, investors would pile into dollar assets, driving the dollar up – as happened during the 2008 financial crisis. That hasn’t happened under Trump; the dollar index has fallen 10% against other currencies in 2025. ...
"The dollar, as the world’s major currency for central bank reserves and in transactions in international trade and finance, has been in gradual decline for decades."
https://thenextrecession.wordpress.com/2026/02/05/the-debasement-trade-and-the-future-of-the-dollar/
The debasement trade and the future of the dollar

The gold price against the US dollar is back above $5000 per oz after its recent short sharp contraction last week.  The unprecedented rise in the gold price, particularly since the beginning of th…

Michael Roberts Blog

@markhburton

So while people see money and #banks as " #food and #shelter " it's actually shafting them really badly - especially the next generation - as debt / desperation mounts and existed riches devalued / displaced / extract in other ways... as we're seeing over and over again in different kinds of #wars (#hard / #soft #economic #war)