Fortune and Glory? More Like Fortune and Gloom! Is the US Dollar Doomed?!

That Belongs in a Museum! (Or Does It?)

Snakes. Why did it have to be snakes? Oh wait wrong crisis. This is about money. The U.S. dollar once as mighty as the Ark of the Covenant has taken a tumble! The ICE U.S. Dollar Index is lower than a snake's belly in the Egyptian desert. Since that loudmouth Trump took office it has fallen off a cliff. March 2022? That's the last time we saw it this low according to FactSet! I've faced down Nazis Russians and Thuggees but this economic turmoil? It's a whole different kind of beast.

Trump vs. The Fed: Raiders of the Lost Confidence?

Seems our pal Donald bless his heart isn't too happy with Federal Reserve Chair Jerome Powell. He's called him "Mr. Too Late" and "a major loser" on Truth Social. Really? I've heard better insults from a monkey. Even worse there's talk of kicking Powell out. Now I'm no economist but even I know messing with the Fed is like playing tag with a boulder – somebody's gonna get squashed. Krishna Guha from Evercore ISI says it's causing global investors to pull capital out of the U.S. It's like the entire world is screaming "Throw me the idol! I throw you the whip!"

Tariffs! Why Did It Have To Be Tariffs?

Remember that 'global reciprocal tariffs' rollout back in April? That seemed to spark another round of dollar selling. It seems everyone is selling it! It's enough to make you want to grab your fedora and disappear into the jungle. Andy Laperriere from Piper Sandler put it best: We're looking at a president who is determined to turn Washington upside down. I've seen less chaotic archaeological digs!

Fortune and Glory… Slipping Through Our Fingers

For a decade U.S. assets have been the belle of the ball spurring demand for the greenback. But now with this tariff tango and Trump's Fed feud the stock and bond markets are diving faster than I've ever dived for my hat. This is serious! It's as if the whole world is saying 'Indy there is nothing you can possess which I cannot take away.'

The Usual Suspects: Euro Yen and Franc to the Rescue?

Meanwhile the Euro Yen and Swiss Franc are flexing their muscles gaining ground against the wounded dollar. The euro gained 1.3% against the greenback while the Japanese yen and Swiss franc also gained ground. They're like those annoying bad guys who always seem to pop up when you least expect them – only this time they might be saving the day. Almost makes me want to switch to Swiss Francs.

We Are All Doomed!

I don't know about you but I'm starting to feel like I'm trapped in that Peruvian temple again only this time instead of spiders it's economic instability closing in. We need a plan a map something! Otherwise we might just end up like Belloq buried in the sands of history… or worse in debt!