When the village idiot breaks the dollar — gold’s surge is the market’s SOS

Trump’s harebrained tariff debacle, his profound ignorance and his untethered-from-reality economic policies are crushing the value of the US currency. Gold is the only safe place to park your bread.

Gold just smashed through $4,000 per ounce for the first time ever, up over 50 % year to date — on track for its strongest showing since 1979. According to Axios that was a year hallmarked by double-digit inflation, oil shocks, and geopolitical chaos. Axios notes that gold’s rally signals eroding trust in the U.S. — investors are fleeing the dollar’s once-safe harbor.

How did we get here? The fish always rots from the head. Donald’s war on trade, his tariff tantrums, and the constant unpredictability he’s introduced to global commerce have shaken confidence in America’s economic pillars. Instead of reassuring investors, each tariff escalation, trade spat or batshit Truth Social post telegraphs deeper dysfunction — the specter of stagflation (inflation + stagnation) looms larger, and investors are starting to lose confidence in a dollar whose value seems to shift with every Trump outburst.

Let’s get practical. A weaker dollar — down roughly 9–10% this year — isn’t just a headline. It has real consequences. When the dollar loses value, it eats into the reserves that foreign central banks hold, makes dollar-denominated debt more expensive to manage, and sends a message to global investors and governments: maybe U.S. assets aren’t the safe bet they used to be. If fewer buyers are willing to hold U.S. bonds, the government has to offer higher interest rates to attract them. That means higher borrowing costs, bigger deficits, and an economy already walking a tightrope facing even more pressure.