FX.co ★ Trump: If US dollar loses its dominance, US economy to face challenge

US President Donald Trump once again reminded the world who holds the reins of global currencies.

In a speech broadcast on the White House’s official YouTube channel, he declared that if the US dollar loses its status as the world’s reserve currency, the United States “will no longer be the same.”

According to Trump, the scale of the losses would be comparable to defeat in a world war, without gunfire, but with an economic aftermath far worse than any conflict. Because, as the president implied, the dollar is not just a currency — it is the last pillar of US global leadership.

As usual, geopolitics takes a back seat when something sacred is at stake: the international recognition of America’s paper-based authority.