Wednesday 23rd of April 2025
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the midas touch: turning the world towards gold.....

The greenback has hit a three-year low while gold soars past $3,500 per ounce. Things aren’t looking good, experts say.

Trump, Tariffs and Trust: The dollar's slide "reflects Trump’s meddling in Fed policy via tariffs and eroding trust in the US financial system,” Paul Goncharoff, financial analyst and general director of Goncharoff LLC, tells Sputnik.

Further De-Dollarization? If the Fed gives in to Trump’s pressure, it would signal faltering financial health - shaking confidence in the dollar, accelerating de‑dollarization and triggering the sell‑off of US monetary assets, the analyst argues.

Is Default Around the Corner? A default – of one form or another – now looms over the dollar and US debt, according to Goncharoff. Who outside the US would risk sovereign or corporate funds in these increasingly chaotic instruments?

Rising Gold Spells Trouble for USD: "The higher gold travels, the less value is placed in the US dollar, and eventually in time the US dollar and the Fed will have to accept some form of newly realigned secondary role in global finance.”

Bitcoin Reserve Won't Help: No Bitcoin reserves or Hail Marys can halt the decoupling now, the expert warns. With few buyers of US debt, who will fund America’s print‑and‑spend party - and in what currencies or commodities?

Trump's Mission is Not Impossible: Trump’s short‐term goal is to devalue the dollar to curb imports and cut the deficit and debt service, Massimiliano Bonne, a EU foreign policy analyst, tells Sputnik.

Two-Pronged Strategy: Trump’s two‑pronged strategy starts with tariffs designed to scare foreign central banks into easing policy and cutting rates while keeping US imports affordable, according to the analyst. The tariffs are a tactical move to force negotiation.

Significant Global Negotiation: "And here comes the second phase: the significant global negotiation. A major, structurally bilateral negotiation, unfolding in an almost geometric sequence," Bonne asserts.

https://sputnikglobe.com/20250422/is-the-dollars-plunge-a-sign-of-the-us-economys-collapse-1121913013.html

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.

rattled economy....

The International Monetary Fund (IMF) has cut its global growth forecast, saying that the global economic system is undergoing a fundamental transformation amid mounting uncertainty over US trade policy.

Since returning to office in January, US President Donald Trump has imposed sweeping trade restrictions, culminating in what he calls ‘Liberation Day’ tariffs introduced on April 2.

The tariffs have been raised to levels not seen since the Great Depression, the IMF said on Tuesday in releasing its latest World Economic Outlook. The report projects that global output will slow to 2.8% this year, down from 3.3% in 2024. As recently as in January, the IMF had forecast growth would hold steady in 2025.

”The global economic system under which most countries have operated for the last 80 years is being reset, ushering the world into a new era,” IMF chief economist Pierre-Olivier Gourinchas said.

READ MORE: China warns countries not to align with US in trade

He explained that existing rules are being challenged, while new ones have yet to take shape. The sudden tariff hikes and broader policy uncertainty could significantly slow global growth, Gourinchas said.

The IMF lowered its forecast for US economic output to 1.8% in 2025, down from 2.8% last year, and projected further cooling in 2026.

Top US trading partners Mexico, Canada, and China are all expected to take a hit, it said. China’s growth is projected to slow to 4% this year due to attempts to counter the effects of Washington’s tariffs. The IMF also expects most EU economies to face slower growth as a result.

Trump has imposed a blanket 10% tariff on nearly all imports, alongside duties of at least 145% on Chinese goods entering the US. He has also introduced “reciprocal” tariffs on major trading partners, citing alleged unfair trade practices. He later paused the duties until July as the administration pursues bilateral trade deals, but has warned the tariffs could rise again if other countries retaliate. The trade tensions and policy uncertainty have rattled global markets.

https://www.rt.com/business/616123-us-tariffs-global-economy/

 

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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.