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The Singapore dollar is tracking the US currency in an inverse direction more closely than any other in Asia, which analysts say positions it for stronger gains in the region if the “dollar debasement trade” gathers pace
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Taiwan’s largest pension fund has reduced some of its US currency exposure amid heightened market volatility and a broader global reassessment of dollar assets
New government documents released to Bloomberg News offer a glimpse into the months-long effort to put Donald Trump’s signature on US currency - and hint at the tension inside the agency over the project.
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DONALD TRUMP PUT HIS OWN FACE ON AMERICAN MONEY AND SOLD OUT IN HOURS Not a portrait in some Trump Tower lobby. Actual US currency. The first living person on a US coin in almost a hundred years and guess whose face they picked $61 for a roll of 25 coins. $154.50 for a bag of 100. Face value one dollar each. Do the math and you're paying up to $2.44 for a dollar that's worth exactly one dollar Copper. Zinc. Manganese. Nickel. Zero precious metal. Gold colored, worthless inside, just like the promise behind it A lawyer is already in court arguing this violates federal law, 31 U.S. Code 5114, the actual statute that says presidents don't get their mug on currency while they're alive to profit off it Trump's answer to that law was to mint it anyway and let the Treasury sell out before anyone could stop him Meanwhile Democrats in Congress are pointing out what that markup actually buys you in the real economy Rep. Jason Crow said it straight — that overpriced coin gets you a quarter of a gallon of gas While MAGA loyalists were racing to swipe their cards on Trump's face in copper, House Democrats opened a probe into how his personal net worth jumped more than four billion dollars since he retook office Crypto ventures, licensing deals, real estate, all stacking up for the family while regular investors in his own memecoin watched their money evaporate This is the pattern now. Turn the presidency into a product line. Slap his name on a coin, an airport, a ballroom, a warship, and collect the markup every single time He is not governing this country. He is merchandising it And every dollar spent chasing his face on a coin is a dollar that will never come back to you
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