The US Dollar, Trading Like a Memecoin

One critical asset is showing big weakness so far in 2025

July 7, 2025 Ripple Effect — July 7, 2025 We’re now in the second half of 2025. While market volatility may be the big story this year, the bigger story may be that of the U.S. dollar itself. Year-to-date, it’s down over 10%. That’s a huge move for any currency. But usually the 10% moves occur in third-world countries experiencing a crisis, not the so-called world reserve currency. The U.S. dollar has sold off heavily year-to-date. The greenback started the year at 52-week highs. So, part of the pullback would have simply been reversion to the mean – the tendency of assets to move back to their averages over time. However, the further drop suggests a shift away from the dollar, just in time for the BRICS summit in Rio de Janeiro, which is underway this morning. ~ Addison Why Are 21 Billionaires Moving Their Money ASAP? Under the surface of the U.S. financial system…  One of the biggest stock market events in 25 years is rapidly unfolding… The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting August 27th — your favorite tech stocks like Nvidia, Apple, Microsoft, Google, and hundreds more could come crashing down…   Cutting the entire tech market by HALF – virtually overnight.   This is why the world's financial elite are panic-selling stocks at the fastest rate in a decade. To help you prepare…  Our guest expert is giving you his #1 stock to profit – 100% FREE. P.S. The dollar’s weakening may have been the key push to get the stock market back to all-time highs, not anything fundamental. Many hedge funds are betting big on a pullback in the stock indexes. We’re also expecting continued weakness in the dollar globally.    Paid members, please join us for Grey Swan Live! with Matt Milner , Thursday, July 10 at 11 a.m. ET. With both private credit and private equity markets gaining pop trend status in the investment markets, we’ll dig deeper into Elon Musk’s SpaceX and xAI private placements — the next curveballs from the Trump arch-nemesis universe. As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.) How did we get here? Find out in these riveting reads: Demise of the Dollar, Financial Reckoning Day, and Empire of Debt — all three books are now available in their third post-pandemic editions. You might enjoy one or all three. (Or… simply pre-order Empire of Debt: We Came, We Saw, We Borrowed, now available at Amazon and Barnes & Noble or if you prefer one of these sites: Bookshop.org, Books-A-Million or Target.) Please send your comments, reactions, opprobrium, vitriol and praise to: feedback@greyswanfraternity.com

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