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| The dollar is garbage! This may sound like an overstatement, but the dollar index fell by over 10 percent through the first half of 2025, the sharpest decline since 1973. In this episode of the Money Metals Midweek memo, host Mike Maharrey explains why he thinks the dollar is "garbage," or "unattractive as Swiss investment bank UBS analysts put it. He highlights some of the reasons for de-dollarization and explains what's replacing the greenback. He also explains the practical impact of dollar devaluation. |
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There is no fiat currency that exists on the history of planet Earth that has lasted as long as gold. Yeah. They’ve all gone away. And, and I think that right there is, is the fundamental thing.
And you know, it’s when you talk about. The the kind of global aspect of it, you know, what are central banks buying right now? They’re buying gold. And because it, ’cause you know what, you know, you know why, Michael, let me just be very clear. ’cause I, I, sometimes I’m a little obtuse because if you buy, let’s just say China has the trade surplus of the United States and they used to recycle their trade surplus into treasuries, which
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