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Countries worldwide are moving away from the U.S. dollar. This de-dollarization comes as the U.S. economy struggles with serious internal problems. These issues now threaten the dollar’s global trade position more than any foreign competition. Former Federal Reserve and Treasury economists say America’s policies are the main risk to its currency’s power. Also Read: META And Microsoft (MSFT) Stocks Fall, Pulling Down S&P 500 The Looming US Dollar Crisis: 2025 Outlook on Global Trade Source: iStock Internal Economic Pressures Mount The U.S. will face a $2.6 trillion federal budget deficit by 2034. Political deadlock blocks any real financial fixes. As Kamin and Sobel note, “Given the political polarization of the country, the dysfunction of the US Congress, and the disinterest of politicians of all stripes in curbing the widening US budget deficit, this is hardly unthinkable.” These domestic problems are the main threat to the dollar’s power, poten...

Leading U.S. economist and gold proponent Peter Schiff has warned that the dollar crisis could begin as soon as 2025. The USD is already in a precarious position as developing countries are ending dependency on the currency. This strengthens the BRICS agenda of de-dollarization that could further weaken the U.S. dollar. It’s only a matter of time before things head south that could become a full-blown economic crisis, the analyst explained. According to Schiff, the DXY index, which measures the performance of the U.S. dollar is showing major signs of weakness. Also Read: BRICS: 85% Trade Settled in Local Currencies, Not US Dollar The index tracks the value of the USD against a basket of foreign currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The index is now at 104.28 and Schiff forecasted that it could dip below the 90 level in 2025. Read here to know how many sectors in the U.S. will be affected if BRICS ditches the d...