Global Confidence in the Dollar Crumbles as De-Dollarization Accelerates

Economic experts and financial analysts affirm that the U.S. dollar has entered a phase of collapse. The global economic system, built by the United States on the basis of printed paper, is now on track to become little more than a historical footnote. What is happening today marks the beginning of a fundamental transformation in the entire structure of the global economy. The current situation, many say, could be more severe than the 2008 financial crisis — not merely an economic shock, but a crisis that strikes at the very core of America’s global reputation.

In recent days, the U.S. dollar has reached its lowest level in three years. According to experts and analysts, global markets are in a state of panic amid the concurrent collapse of the dollar, U.S. bonds, and American corporate stocks — all occurring simultaneously, a rare and alarming development.

During the latest trading sessions, the dollar suffered a sudden and sharp decline, falling to its lowest value since 2022. As reported by “Reuters”, the currency lost 1.7% in a single session, described as the dollar’s worst performance since 2022.

Experts remarked, “People who once turned to the dollar in times of crisis are now fleeing from it, as if escaping a storm — a truly astonishing turn of events.”

The Swiss franc recorded its largest jump against the dollar since 2015, rising by 3.6%, while the Japanese yen and the euro climbed by 2% and 2.47%, respectively, and both continue to rise at the time of writing. Meanwhile, the U.S. Dollar Index (ICE) has dropped 8% since the start of the year. Just days ago, it fell below the 100-point mark for the first time since 2022, marking its largest daily loss since then. The ongoing decline shows no signs of stopping.

In this context, Sayyid Abdul-Malik Badr al-Din al-Houthi, the Leader of the Revolution, in his weekly speech on Thursday regarding the aggression on Gaza and the latest regional and international developments, commented on Trump’s tariff decisions, He stated that many international actors view these policies as a threat to the global economy — with Americans themselves suffering the brunt. He noted that top traders in the U.S. and the West lost over $200 billion in a single day, with global stock markets witnessing trillions in corporate losses.

Sayyid al-Houthi stated, “The world must learn to say no to America and stand against its tyranny and arrogance.”

He emphasized that this moment presents a significant opportunity for developing nations to detach their economies from U.S. influence and liberate themselves from the dollar. These countries, he argued, must free their economic and trade activity from American dominance by engaging in cooperation among themselves and with other active nations. He stressed that developing countries, severely affected by Trump’s policies, have a chance to shield themselves from further fallout by resisting U.S. control.

“The Trumpist mentality in America deals with the world with complete disregard for the interests of other nations,” he added.

According to economic reports, the Dow Jones Industrial Average lost thousands of points within a few days. The U.S. stock market now swings like a pendulum, fluctuating wildly in response to President Trump’s unpredictable tweets and erratic economic decisions — changes occurring every few hours, as if made by a child playing, not by the leader of what is supposed to be the world’s most powerful nation. Experts describe these actions as reckless and uncalculated, with the American people ultimately paying the price.

Financial analysts warn that today’s crisis is far worse than the infamous “Nixon Shock” of 1971, when President Richard Nixon suddenly ended the dollar’s convertibility to gold. That decision sparked a crushing wave of inflation that plagued America through the 1970s. But today, the situation is even more dangerous.

Financial analyst Mark Chandler told “MarketWatch”, “The greatest damage now is to America’s reputation as a global economic power.”

According to experts and analysts, trust in the United States is collapsing clearly and openly for the first time. Reports published by MarketWatch confirm that foreign investors are fleeing the American market at a terrifying pace.

Experts explain that what is occurring now is known as a “capital strike,” in which investors withdraw their funds and flee anything linked to the U.S. They are collectively selling American bonds and stocks, citing Washington’s growing instability and unpredictability. As a result, yields on U.S. Treasury bonds — long considered the safest assets in the world — have reached historic highs. The 10-year bond yield has climbed to 4.49%, its highest level since 2001, while the 30-year yield jumped to 4.87%, the highest since 1987. America now has no choice but to offer higher interest rates to persuade investors to buy its debt.

This development, according to analysts, signals a global shift. For the first time in decades, confidence in the U.S. dollar as the world’s reserve currency is being seriously questioned. The process of “de-dollarization” is accelerating rapidly in many countries. Europe, China, and others have already started using local currencies in some international transactions instead of the dollar.

Amid this economic chaos and the dollar’s sharp decline, investors are rushing to gold, which has reached its highest price in history and continues to rise. Experts forecast that the upward trend will continue in the coming period.

A report published just days ago by investment firm “Grayscale” suggests that Bitcoin could emerge as the biggest beneficiary of the dollar’s collapse. The report notes that this crisis could enable Bitcoin to compete directly with gold, whose total market value currently stands at around $22 trillion.

Experts and analysts conclude that the world is entering a period of structural transformation. The economic system we have long known is changing, and the U.S. dollar, once considered the strongest global currency and the foundation of the international financial order that empowered America’s dominance over global wealth, is now crumbling before our eyes. The question that now arises: What will the world look like after the dollar’s collapse? And who will be the next power to shape the future global economy?