The Russian mass media continues to speak ill about the US dollar. It began during the Soviet times when newspapers, magazines, TV, and radio regularly downgraded the greenback. Modern Russia is not much different in this respect, they diminish importance of the US currency at the same grand scale. The next bump that the US dollar hit recently was the new US president.
Donald Trump is the one who degrades the US dollar. According to experts, the current White House policy significantly shatters confidence in the national currency. Trump’s unpredictable actions and impulsive decisions became a really serious test for the US dollar. "Since being inaugurated before a phantom crowd of millions, Trump has picked fights with one government after another, including allies like Australia and Germany. More recently, he has taken the world to the brink of nuclear war by locking horns with North Korean dictator Kim Jong-un. The dollar is about to face a serious test. Will global investors continue to put their money in a country whose leader loudly provokes the Hermit Kingdom with threats of “fire and fury,” or will they find financial refuge elsewhere?", Benjamin Cohen, professor of International Political Economy at the University of California wonders. Now, less and less investors view the dollar as a safe asset, while fears of new Trump’s outbursts lead to capital outflow. As a result, our generation might have a chance to witness the wake of the dollar!
