The Worst Year for the Dollar Since 1973: How Washington’s Hubris and Wall Street’s Greed Are Collapsing America’s Currency

The Collapse in Numbers Washington Doesn’t Want You to See As of mid-2025, the dollar index—tracking the greenback’s value against other currencies—has plunged more than 10%, marking the worst first-half performance since Nixon’s betrayal of Bretton Woods. Recall that in 1971, Nixon ended dollar convertibility into gold, unleashing a fiat money experiment that now sputters toward its inevitable conclusion. The Commerce Department’s own figures—buried in page 12 of their June report—show a 44% surge in the current account deficit, smashing all-time records as corporations panic-bought foreign goods to sidestep Trump’s retaliatory tariffs. The deficit now stands at an astonishing $450 billion. This is the consequence of decades of outsourcing, hollowing out American industry, and erecting a monetary system that requires…