economy
February 15, 2026
Dollar dominance, if you can keep it
President Donald Trump has indicated he’ll appoint Kevin Warsh to be the next Chairman of the Federal Reserve. Despite what some supporters say, that alone will not fix what’s wrong with our economy.
TL;DR
- The U.S. dollar's reserve currency status is not guaranteed and is threatened by a lack of fiscal discipline and political influence on the Federal Reserve.
- A return to the gold standard is proposed to restore credibility, impose fiscal discipline, and protect Americans' purchasing power.
- Rising gold and silver prices are market indicators of a weakening dollar and global hedging against U.S. financial policies.
- Nations are diversifying away from the dollar due to the increasing use of sanctions and financial exclusions as foreign policy tools.
- A gold standard would anchor the dollar's value, limit monetary expansion, and prevent policymakers from amplifying business cycles.
- Concerns about gold supply and runs can be addressed through convertibility and proposed mechanisms like Treasury Trust Bonds.
- A stable dollar under a gold standard would lead to price stability, protect wage values, and preserve savings from inflation.
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