The dollar is garbage!

This may sound like an overstatement, but the dollar index fell by over 10 percent through the first half of 2025, the sharpest decline since 1973. 

In this episode of the Money Metals Midweek memo, host Mike Maharrey explains why he thinks the dollar is "garbage," or "unattractive as Swiss investment bank UBS analysts put it. He highlights some of the reasons for de-dollarization and explains what's replacing the greenback. He also explains the practical impact of dollar devaluation.