Thanks Jean!

This is exactly what I've been saying. This guy has some great points...........However he's selling something(gold) and it will likely take years for this to happen.

People won't believe this is happening because our information gatekeepers won't tell them.

Instead, we get manufactured realities telling us what we want to hear/read and what they want us to think. 

Biden and our policy in Ukraine is a big factor for this recent  downside acceleration in the slide of the DX. (-10% in just 6 months is almost unprecedented). 

Previous discussion:

                Killing the US dollar in global markets            

                            12 responses |                

                Started by metmike - April 4, 2023, 11:22 p.m.        

    https://www.marketforum.com/forum/topic/94351/

                Dollar Index            

                            Started by metmike - April 26, 2023, 12:25 p.m.      

      https://www.marketforum.com/forum/topic/94783/

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The US dollar is threatening to have a downside break out on a close below the recent lows.

https://www.theice.com/products/194/US-Dollar-Index-Futures/data?marketId=7064029&span=3

Here's a different vantage point. 

https://www.marketwatch.com/investing/index/dxy/charts

LONGER TERM BELOW:

The slide of more than 10% in just 6 months is close to the greatest in history for such a short period. However, the dollar is still holding up compared to the value in the past and this crash will have to last for awhile to become a crisis. 

The current leadership in the US, including Yellen is showing the rest of the world that the US no longer is able to make smart financial and other decisions and is leading to a rapid deterioration in their confidence in our country. One of the biggest concerns right now is that we are using the dollar to punish countries(Russia) over a political disagreement. 

Almost half the population of the world lives in China, India, Russia, Brazil and the Middle East. 

I've never traded the dollar and this is NOT my area of expertise, so please don't use my comments for trading or to risk money. 

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However, the war propaganda that misleads us in our country regarding global support for the US war against Russia, also may give us more confidence in the future of the US dollar.

Global Populations:

30 NATO countries = 949 million

NON NATO countries not supporting our war with Russia. Some even support Russia

China 1.4 billion

India  1.4 billion

Africa 1.3 billion

South America  450 million

Middle East   420 million

Russia  143 million

Total NON NATO  above = 5.11 billion people

Other countries = 2 billion

The NON NATO counties at the top supporting our war with Russia. greatly outnumber the population of the NATO countries.

This is the biggest reason that our sanctions have failed to hurt Russia.

However, the propaganda we read/hear comes from sources that tell us that NATO, always led by the United States  is the center of the universe and the US is always right about everything and its our job to eliminate the evil in the world(as defined by us) and countries that disagree are wrong or even evil themselves.

Many NON NATO countries do not see it that way.

This is 2023 and China WILL BE overtaking our economy in the next few years. Not only likely but its just a matter of how many years.......for sure before the end of this decade......near 100% chance. 

India's massive population is also growing much stronger. 

They are part of 5+ billion people that are increasingly motivated to replace our currency, many who don't like us because of our 7 decades worth  of blatant interference in the affairs of dozens of other countries based on abusing our military and financial weight.  

The war in Ukraine has just accelerated their motivation to replace the dollar. 

China, which has recently been transformed from just an adversary to a relationship escalating to one closer to an  enemy. With several countries outside of NATO headed in the wrong direction. 

WW-3 may have already begun and can accelerate faster than what anybody imagined at the drop of a hat. 

The OPEC+ oil cuts were clearly designed to HELP Russia and HURT the US using the most powerful currency the Middle East possesses against us.......OIL.

NON NATO countries in white below.