Dollar Tanks to Historic Low // Kyle Kulinski

Kyle Kulinski | Trusted Newsmaker

The Collapse of Confidence: Why the U.S. Dollar Is Falling — And What Comes Next


The U.S. dollar, long considered the ultimate safe haven in global finance, is cracking under pressure — and this time, it’s not just about inflation or interest rates. According to a recent segment from political commentator Kyle Kulinski, the greenback is experiencing its worst first-half performance since 1973, a year infamous for the U.S. abandoning the gold standard under Nixon. The parallels are no coincidence. This moment signals a deeper unraveling of economic trust, trade relationships, and institutional credibility.

Trump’s Tariffs and Economic Nationalism: Boomerang Effect

One major catalyst behind this downturn? Trump’s tariff-heavy trade policies. What were once billed as America First economic reforms are now showing their darker side. Tariffs were supposed to punish foreign exporters and revive U.S. manufacturing. Instead, they’ve triggered retaliatory measures, weakened trade alliances, and further strained supply chains. And now, according to Kulinski, they’re directly undermining the global value of the dollar.

A weaker dollar can, in theory, make U.S. exports cheaper and more competitive. But that strategy only works if there’s demand — and foreign nations still want to do business with you. In Trump’s case, the opposite has occurred. You can’t tell global trade partners to “go to hell,” then expect them to buy your soybeans the next day. Devaluation without diplomacy is economic suicide.

Flight to Safety? Not This Time

Historically, global financial instability pushes capital into the U.S. dollar. During recessions or wars, investors seek safety — and that safety used to mean American treasuries and currency. Not anymore. Kulinski highlights an alarming shift: this time, the dollar is weakening while recession fears grow. The new flight to safety? Gold. As confidence in U.S. monetary policy disintegrates, tangible assets and multipolar currency blocs (like BRICS) are absorbing the trust the dollar once monopolized.

The BRICS Challenge and Dollar Detachment

The emergence of BRICS (Brazil, Russia, India, China, South Africa — and soon more) as an alternative financial bloc is no longer a distant possibility. It’s real. Kulinski stresses that the inconsistency of U.S. policy — including broken deals, sudden tariff hikes, and debt-fueled budgets — has global players reevaluating their reliance on the dollar. The message is simple: “We can’t trust the U.S. to provide financial stability anymore.”

Even if the current administration stabilizes things, what’s to stop the next one from blowing it up again? The dollar’s strength was always built on consistency, legal contracts, and a belief in American reliability. When that’s gone, so is the foundation of dollar hegemony.

The Debt Bomb

Adding to the chaos is America’s growing debt burden. A recently passed $3 trillion budget package is expected to balloon national liabilities further, while doing little to curb inflation or fix structural economic issues. Treasury yields have plummeted — not a sign of strength, but of confusion and fear. Kulinski points out that long-term investors are no longer confident in the U.S.’s ability to honor its obligations without printing money or slashing social programs.

The Real-World Fallout

Job growth projections are being missed. Manufacturing jobs that were promised as part of the “economic revival” aren’t materializing. June’s ADP report, for example, showed a drop of 33,000 jobs when 95,000 were expected. Simultaneously, the social safety net — including Medicaid and SNAP — faces cuts or extinction by 2028. What we’re witnessing is not just a currency crisis, but a national policy crisis with real-world consequences: layoffs, higher prices, and political instability.

Conclusion: This Isn’t Temporary — It’s Systemic

Kyle Kulinski’s warning is clear: the dollar isn’t just weakening — it’s falling from grace. And the underlying reasons aren’t external shocks or natural market cycles. They’re political choices, flawed ideologies, and a growing global consensus that America can no longer be trusted to lead the financial world. The “flight to safety” has changed direction — and it’s not pointing toward Washington anymore.

If this trajectory continues, we could be witnessing the beginning of the end of dollar dominance. And once that status is gone, getting it back may be impossible.

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