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Posted on 01/27/2026 5:57:24 PM PST by Miami Rebel
The value of the U.S. dollar plunged Tuesday, after President Donald Trump said he was not concerned about the currency's recent drop.
"I think it’s great," Trump said, speaking to reporters in Iowa, when asked if the dollar's value had declined too much. “The dollar’s doing great.”
Before Trump's comments, the benchmark ICE U.S. Dollar Index was already on pace to record its worst three-day drop since Trump's April 2025 "Liberation Day" tariff rollout.
After Trump’s comments, the value of the dollar as measured by the index sharply extended its slide to as much as 1.5%, putting it on track for its worst one-day drop since April.
As of 4:30 p.m. ET, the U.S. dollar sat at its weakest level since early 2022.
The ICE U.S. Dollar Index measures the strength of the dollar compared with a basket of foreign currencies, such as the euro, British pound, Japanese yen, Canadian dollar and Swiss franc. The index rises when the dollar's value increases and declines when its value drops against those currencies.
The value of the U.S. dollar directly affects consumers.
As the dollar drops, it becomes “more expensive for Americans to travel abroad,” Morgan Stanley analysts wrote last year. “U.S. assets could be less compelling for foreign investors” and “import prices could rise, putting pressure on inflation,” they added.
“On the positive side, however, the weaker dollar could be a boost for American exporters,” the Morgan Stanley analysts wrote.
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At some point the party ends, but it's fueled quite a run in GLD, SLV, and my copper miners, FCX, TGB, and NAK. I haven't sold any, but I have been buying puts for protection.
And so the slide begins, the beginning of the end of the US Dollar. Read about the British Pound history and this is coming to the US shores.
Right now, I'm holding some history in my hand (holding it...). It's a Denarius from 46 BC. Two thousand years ago, some guy or gal held this, took it to market, and used it. It was in their pocket or purse. It is 95% silver.
By 300 or 400 AD, the then Denarius had about 30-40% silver, as the passing emperors inflated away their currency.
Consider the same thing happened from 1913 to 2026, except instead of going from 95% to 35%, the dollar went from 100% to 3% (or worse).
We are so finished.
I’ve got a substantial investment in metals.
Copper, brass, and lead mostly.
L
You can never go wrong with lead.
“Good news for US exports, bad news for me. (Traveling to Paris soon.)”
Did Paris last year.
Already locked in for Rhine cruise in June.
Jamaica again this September.
Love that country.
L
How amazing to have a coin like that!
I have some old silver Swiss francs I brought home with me in 1972. Back then, you got over four Swiss francs for a dollar. Now a dollar is worth only 77 rappens. (Yes, the dollar declined from about 4.3 francs to the dollar in early 1971 to around 3.8 to the dollar in 1972, thanks to the demise of Bretton-Woods.) Europe was fun and affordable back then. Not So much of either these days :(
“Jamaica again this September.”
Wish you luck.
Last one was 185 mph.
So does this mean they are going to cancel the Bugs Bunny Stupor Bowl?
We missed the hurricane by over a month.
And the resort we stayed at is already back in full operation. Hard working and resilient people.
L
“(Traveling to Paris soon.)”
Be sure to take the water taxi. We stayed close to the river. Walked to the Louvre, took water taxi to the Eiffel tower.
The Cathedral has since opened the roof to tours.
If you want a close up,of Mona Lisa you have to pay extra.
Britain in a later era (WW1) fought that war on credit, began it as the largest creditor and ended it as biggest debtor. As WW2 began Britain was borrowing from everyone and came out technically bankrupt but what broke the British Pound was the US which in 1956 as Britain invaded and took control of the Suez Canal but the US demanded they pull out and threatened to break the Pound much like many nations are talking dumping US Treasury notes this will be the end of the US Dollar.
>“On the positive side, however, the weaker dollar could be a boost for American exporters,”
This is a primary goal for 45/47. This = incentive to manufacture here -> independence (vs. co-dependency and globalism).
It’s leading to some interesting consequences, such as Beretta taking a potentially-hostile interest in Ruger. (IMO they want a solid manufacturing base here as hedge against tariffs; Gallatin is not doing the trick).
“like many nations are talking dumping US Treasury notes.”
Then why are they buying?
They are buying Gold.
Who says they are buying?
Thanks for the tips! We’ll be near the river, in Saint-Germain. I’ve never taken the water taxi, but I’ll definitely do it this time. I’ve visited the Cathedral but never the interior. That’s on my list too.
The selfie-stick crowd by the Mona Lisa drives me nuts! Tourists fetishize getting a snap of that tiny painting, where opposite is hung an enormous Veronese that gets almost completely ignored!
That sounds amazing. We’ve yet to do river cruises, but the Rhine, the Loire, and the Rhone are on our list.
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