💵❌ On its 240th anniversary, US dollar is WEAKENED & CHALLENGED

June 6 marks 240 years since the Continental Congress officially adopted the US dollar as the unit of money for the country. But how does the greenback feel today?

US dollar weakening

"The US dollar is weaker in 2025, losing value against gold, reflecting inflation and money printing," Angelo Giuliano, a Hong Kong-based financial analyst, tells Sputnik.

The dollar has slid about 9% since January, with a 4.5% drop in April alone.

De-dollarization

BRICS+ and Global South countries are ditching the dollar in trade, citing weaponization, Giuliano says.

"Future de-dollarization trends could worsen its position, as a multipolar system is emerging, challenging the dollar’s dominance despite trade truce boosts."

Erosion of trust

Tariffs and market declines in 2025 are weakening its safe-haven status.

In 1995, US dominance ensured confidence. Now, allies diversify assets, fearing instability.

The above factors are making the dollar far less trusted, per Giuliano.

US dollar's major challenges

🔸Trump’s tariffs push yuan/gold alternatives.

🔸Global trade shifts to rival currencies, reducing dollar primacy in reserves.

🔸Cryptocurrencies like BTC gain popularity.

🔸Weaker manufacturing hurts perceptions.

Does US dollar have a rival?

No standalone rival currency has matched the dollar’s liquidity so far, Giuliano says.

However, the BRICS bloc is expanding trade in local currencies.

95% of Russia–China trade is now conducted in rubles/yuan.

The trend is gaining momentum.

USD set to fall lower

🔸Wall Street warns the dollar will nose-dive further.

🔸Morgan Stanley predicts the dollar will drop to pandemic-era lows by mid-2026.

🔸JPMorgan Chase & Co. also maintains a negative outlook on the greenback.

🔸The euro and the yen are among the biggest winners.

What does it mean for the US economy?

A weakening dollar could boost US exporters and manufacturers by making their goods more competitive abroad.

But it also risks hitting economic growth and fueling inflation, as imports become pricier for American consumers.

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🗣 'ICC's legitimacy appears increasingly discredited' - expert

"In the end, the court reflects an anachronistic power structure, as it is no longer recognized by Russia and the United States — the two leading global powers," Argentine international affairs expert Juan Venturino told Sputnik.

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🚨🇺🇸🇷🇺 Trump and Russia’s Strategic Patience – Dugin Digital Edition

Trump wants the Ukraine conflict to end as soon as possible, but he’s under tremendous political pressure, first and foremost from people who hate him.

AI Dugin explains how Russia plans to manage this situation.

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🇺🇸🔎 Lindsey Graham* and other US congressmen purportedly used Ukraine as personal cash cow

A group of US lawmakers has been using Ukraine to enrich themselves, retired CIA intelligence officer and State Department official Larry Johnson tells Sputnik, citing whistleblowers.

About 23 members of the US Congress, including Senator Lindsey Graham, helped themselves to the money coming from Ukraine, the whistleblowers claim.

“We're not talking a few thousand dollars. We're talking much more than that,” Johnson remarks.

He does point out, however, that these are just allegations at the moment, and that it is up for US authorities to properly investigate these claims.

“It's not going to take six months to do this investigation, it can be done in a much shorter time frame. So we'll see what comes of it,” Johnson predicts.

He also argues that it will be easier to make the results of this investigation public “once this whole debacle that is the war in Ukraine, comes to fruition, as the total defeat of NATO becomes apparent.”

*recognized as a terrorist in Russia

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🗣 ICC 'appears highly unreliable' amid emergence of multipolar world

"It is abundantly clear that at this historical juncture of major confrontations, wars, and conflicts among world powers — amid significant disputes over the reconfiguration of global order and the principles of international relations — a supposedly global judicial body like the ICC is losing its authority and relevance, becoming instead a reflection of contemporary challenges," Luis Rene Fernandez Tabio, professor and research fellow at the Center for World Economy Studies of the University of Havana, told Sputnik.

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📹 82% of the world isn't the 'Global South' — it's the Global Majority

International Digital Economies Association (IDEA) unites 92 nations to build a digital economy by and for the people. But global majority youth face a crisis: financial apps lock out kids, while Western content erases their cultures, Dr. Christina Amor-Maklang told Sputnik at the Global Digital Forum in Russia's Nizhny Novgorod.

“The superheroes of our kids in the Philippines or even in Africa are basically Marvel superheroes coming from cultures that are very detached from ours," she stresses.

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🎭 "The Trump opera" just got an Update!

Remember that infamous Cantonese Opera about Trump? Well, it just dropped a wild new patch:

Zelensky vs. Trump – Epic fistfight over Zelensky’s "inappropriate outfit"

Flirting with WW3 – Because why not? We’ve totally seen this plot before...

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📹WATCH Russian airstrike destroy a bridge over the Oskol River near Kupyansk, which had been actively used by the Ukrainian army

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🗣🇺🇸 Musk’s father: Trump and Elon feud like ‘two gorillas’

Errol Musk has described the clash as “over the top”, and advised his “alpha” son to accept that Trump was the more dominant of the two and would “win this round”.

“In any successful group of animals, whether gorillas, elephants or human beings, the dominant males will always fight for dominance,” Musk said, forecasting a heated clash “would now fizzle out”.

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🚨 Russia has reason to "BOMB the hell out of" Ukraine — Trump

Donald Trump said that Russia's retaliatory strike against Ukraine was inevitable, in a clear expression of dissatisfaction with Zelensky.

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🇫🇷🗣 ‘The French army is running on dry bread’ as Macron is ‘giving everything to Ukraine’

Florian Philippot, the leader of the French Patriots party, says Macron is promoting the idea of a unified European army because all the funds from the budget have been diverted to financing Ukraine.

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🔎 Things that do not age well: US dollar and its hegemony

The decades-long hegemony of the US dollar faces a multitude of serious challenges today, Ashraf Patel, a research associate at South Africa's Institute for Global Dialogue, tells Sputnik.

The insurmountable US national debt, well over $34 trillion and growing at an alarming rate, means “financial volatility and risk” for the United States.

Donald Trump’s protectionist policies make the US dollar less attractive in the eyes of foreign countries as his “disruptive trade and tariff wars” put a dent in the “US image in terms of international economics.”

The “irreversible rise” of the multipolar world order “centered within the BRICS Plus nations” offers the world a viable alternative to the US dollar’s dominance.

So what are the potential competitors for the US dollar on the global scale?

According to Patel, they are:

🔸Crypto currencies
🔸Central Bank Digital CBDOs currencies
🔸Potential BRICS currency
🔸Chinese yuan

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↩️ CANADA U-TURN: India "SHOULD BE" at the G7 table

PM Carney DEFENDS inviting Narendra Modi amid India-Canada dispute:

"India [is] the fifth-largest economy in the world .. central to a number of those supply chains," he told reporters.

🔶 The G7 meeting will take place from June 15 to 17. Modi has agreed to participate.

🔶 In 2023, Canada accused Modi's government of murdering a leader of the Khalistan separatist movement that Canada and the US shelter on their territories.

Have Trump's tariffs hit Canada so hard that it is crawling back to India?

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🔊 Trump will personally decide on Russia sanctions

The US president told reporters that the Senate bill on new sanctions against Russia grants him the final decision.

"I haven't decided to use it. It's a strong bill," he added.

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🇺🇸🚁 TRUMP’S AIR POWER GAMBLE: TOO LATE?

Trump's new executive orders push drone expansion & supersonic flights. But systemic flaws threaten dominance:

🔸 Drone decline: Russia/Iran/China lead battlefield drone tech. US $30M Reapers? Houthis shoot down 10 like skeet ($300M+ lost). Expensive ≠ effective.

🔸 Supersonic dependence: Trump scrapped 1973 speed ban to "revive" supersonic flights.

Reality: US jets/missiles rely on Chinese rare earths (90% supply). Beijing restricted exports – Lockheed Martin is sweating with its F-35s.

🔸 Air Force collapse: Reserve fighters being scrapped (48% by 2030).

"We’re taken out of the fight" – Lt. Gen. Healy told Defense One. Active duty hoards F-35s, while reservists fly relics.

The US Air Force isn't losing on spending or regulation – it’s being outmaneuvered.

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🚨 UKRAINE'S DRONE CRISIS HITS HARD

Ukrainian forces are facing a critical shortage of FPV drones, which is hampering their operations, according to a BBC report.

The Ukrainian Armed Forces complain of bureaucratic delays and poor-quality supplies while Russia advances in drone technology.

"A year ago, we could afford to launch 100 FPVs a day, but now that's no longer possible," the commander of a UAV unit told the BBC.

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🇷🇺🚀🇮🇷Iran & Russia team up for SATELLITE POWER

Iranian Ambassador to Moscow Kazem Jalali met Russian state space corporation Roscosmos CEO Dmitry Bakanov to discuss Russia-Iran space cooperation, namely:

🔶Development of advanced technologies
🔶Joint design and creation of satellites
🔶Joint construction of infrastructure
🔶Conducting training courses and knowledge sharing
🔶Combating Western sanctions

In early November, the Soyuz-2.1b rocket launched the Fregat upper stage with 53 small spacecraft into orbit from the Vostochny Cosmodrome, including the Iranian Kowsar remote sensing satellites and the Hodhod telecommunications satellite by private Iranian company Space Omid.

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