The Hold Report

The Humiliation of the Dollar


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Sun, Jan 25, 2026

While the architects of the Board of Peace toasted a new era of billionaire immunity in Davos, the global financial system quietly delivered a vote of no confidence.

The US dollar has collapsed to its lowest level since COVID. Traders in New York are openly discussing debasement, realizing that the greenback is losing its structural integrity as a store of value.

The market has realized that the Board of Peace model, where sovereignty is bought for $1 billion and justice is silenced by sanctions, is incompatible with a reserve currency. A reserve currency requires trust in the rule of law. The Board offers only the rule of the deal.

Capital is fleeing the stability of the United States for the only asset that cannot be debased by a backroom deal. Gold shattered the $5,000 barrier today.

But there is a darker reason for this surge. The Board’s newest Permanent Member, the United Arab Emirates, isn’t just buying gold to hedge against the dollar. They are looting it from a genocide they financed.

The dollar is being humiliated because it is no longer the currency of a nation of laws. It is the currency of a board of deals. Gold at $5,000 is the market telling you that trust has been liquidated. The only thing left to trust is the metal – even if it's dripping in blood.

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The Hold ReportBy The Hold Report