Source: spiked
by Phil Mullan
“The US government borrows money by selling bonds called ‘treasuries,’ mainly to banks, pension funds and foreign governments. In return, it pays them interest – called the ‘yield.’ If investors start selling off existing bonds, their prices drop and yields go up. To attract new buyers, the government then has to raise the interest rate on newly issued bonds. When the first of Donald Trump’s ‘Liberation Day’ import tariffs kicked in on 5 April, holders of American government bonds began to dump them. Trump’s subsequent threats to remove Jerome Powell as the Federal Reserve chair only added to foreigners’ concerns. … It would be neat to point to Trump’s tariffs as the starting point for the demise of the dollar, but its dominance has been eroding for decades.” (05/26/25)
https://www.spiked-online.com/2025/05/26/could-this-be-the-death-of-the-dollar/