The article discusses the declining value of the US dollar and its implications for the global financial system. It argues that the dollar’s decline, evidenced by a 10% drop since the beginning of the year, reflects a loss of confidence in its role as the world’s reserve currency and a safe haven asset. This erosion of confidence is attributed to several interconnected factors, including rising US debt, persistent inflation, and the increasing geopolitical tensions.
The article also notes that this situation is exacerbated by the US Federal Reserve’s monetary policy, which is seen as failing to curb inflation effectively. It goes on to warn that this situation could lead to significant financial instability and a potential crisis, as countries and investors begin to seek alternatives to the dollar.
find the original article here: https://www.wsws.org/en/articles/2025/07/01/nxus-j01.html