Throughout Trump’s first year of 2.0, I speculated that the Trump family was working out a plan to replace the US dollar with their own family money. Over time, the wealthy elite become brazen about their plans, and they start talking openly about them because they feel invulnerable, like when King George Bush the First (KGB1) started talking openly about the New World Odor after the fall of the Soviet Union or when the WEF started posting videos of their meetings as they talked about depopulation needs, dining on bugs and the Great Reset.
So it is now with Trumpcoin (or $Trump, which heads their family of cryptocurrencies). They talk openly about the new coin of the realm being their own planned replacement for the dying dollar.
I’ve argued for years, along with many others, that the nation was set, along with the rest of the world, on a path toward digital currency and a cashless society. Well, this past week, the Trump family announced that its particular crypto is going to serve that function for all of us. The dollar, they said, clearly needs an upgrade. It needs modernization, and they are the ones to deliver that. (How kind of them.)
Since the dollar was created in 1792, U.S. presidents and their families have generally been content with the status quo of effectively giving the national government a monopoly on issuing currency and outlawing the use of foreign currency….
When presidents have said anything about the dollar itself, it was generally to reiterate the U.S. government’s “strong dollar” policy.
That continued more or less uninterrupted through 46 presidencies — until last March, when a company partly owned by President Donald Trump and his family began to market an alternative to the dollar, a cryptocurrency dubbed “USD1.”
Now we know why Trump has implemented decrees for the US Treasury to start holding crypto assets and why he has created multiple versions of those assets for his family members, and why he has established clearer pathways for the use of cryptocurrencies. Trump’s ultimate way to cash in on the presidency will be cash itself. Trump & Sons now have a plan fully in place:
The Trumps’ company, World Liberty Financial, touts USD1 [one of the family “coins”] as an improvement on official U.S. currency. The firm’s website brands its stablecoin as “The Dollar. Upgraded.” And it calls the coin “still the US dollar, but for a new era.”
On Wednesday, the firm held the World Liberty Forum at Mar-a-Lago, the club owned by the president and operated as his winter White House.
Like Epstein Island, Mar-a-Lago brought together the biggest world financiers, the new money technologists, television and sports personalities, and their favorite sales artist, Nicki Minaj—a sea of the rich and famous that tends to center these days around Mar-a-Lago, just like so many Epstein parties happened in that same neighborhood or shipped from that neighborhood to a nearby island. The gathering ground of the elite continues.
The currency traded here, however, isn’t sex this time. It is currency itself. And the one being traded out is the wrinkled, old, musty-green dollar.
From a Mar-a-Lago ballroom stage beneath an enormous stylized golden eagle sculpture, the message to attendees was that the old U.S. dollar needs to be modernized, that the private sector is the place to drive that innovation, and that stablecoins will help taxpayers by creating structural demand for U.S. government debt.
And, oh, that the various Trumpcoins will do that best.
Of course, the plan starts out benign. You don’t sell little girls out for sex by telling them that is what you are doing. You tell them how you will help them get connected with fabulous carriers, and then you ask them to buy in with their bodies a little bit at a time. It’s the kind of economy “Lily Bit” writes about in her own editorial about the Epstein Economy, posted below—the economics that empower the rich to believe they transcend laws.
So, it is with the dollar. You don’t tell people you are replacing it. You tell them you are refurbishing it, helping it to have a place still in global society.
But one big question is why, if the dollar needs modernizing, should that be done by the private sector.
Indeed. “Why does the new dollar need to be privately owned by the president?” would be a more precise way of phrasing that question. Following the headlines below, I’ll give you the answer.
Economania (national & global economic collapse plus market news)
The Epstein Economy Field Guide (by Lily Bit)
Dow drops more than 260 points as private credit, Iran worries weigh on markets
Real-Estate Rubble (housing, commercial & global real-estate bubble trouble)
Money Matters (monetary policy, metals, cryptos, currency wars & going cashless)
Trump family says U.S. dollar needs an upgrade and they are the ones to do it
Wars & Rumors of War (including cyberwar, civil unrest and revolts)
Video: Something MASSIVE is about to go down in Iran
U.S. Gathers the Most Air Power in the Mideast Since the 2003 Iraq Invasion
Trump warns of ‘bad things’ if Iran doesn’t make a deal, as second US carrier nears Mideast
Poland Prime Minister Tells Polish Citizens in Iran “Evacuate Immediately”
World War III: Iran, Russia, China To Hold Naval Drill In Strait Of Hormuz In Show Of Force
Trump Trade Wars & Turf Wars
Trade Deficit Widens, to Become One of the Worst Since 1960
US posts one of its largest annual trade deficits since 1960. Here’s what drove it
Tariffs paid by midsize US companies tripled last year, a JPMorganChase Institute study shows
Political Pandemonium & Social Senescence (socio-political issues & events)
Virginia Giuffre’s family says ‘our hearts have been lifted’ over former Prince Andrew’s arrest
Trump call Prince Andrew’s Arrest “a Shame.”
Ex-Prince Andrew Could Face ‘Life Imprisonment’ If Charged and Convicted, Experts Say
DOJ Removed Record of Multiple FBI Interviews with Underage Trump Accuser, Epstein Data Shows
Lawmakers accuse DOJ of ‘mudding’ Epstein list with Elvis and Marilyn
Hampstead Cover Up illuminati Cult Child Abuse & Psyop Agents
Look at how much Canadians hate the United States now
Arts panel made up of Trump appointees approves his White House ballroom proposal
Hegseth invited pastor who calls for Christian theocracy to lead Pentagon prayer service
Tucker Effect: Half of young Republicans see Jews as threat to American way of life
Off-the-Beat News & Just Plain Offbeat News
Reentering SPACEX Rockets Peppering Upper Atmosphere With Metal Pollution
Trump Has A UFO Speech Ready To Deliver
Doomer Humor
The Trump answer to the dollar’s demise
Before you put something forward to save the dollar from its demise, you have to first make sure the longtime, relatively stable, green portrait parchment for presidents is, in fact, facing certain demise in everyone’s eyes. You have to make sure the people recognize they need something as an alternative to the collapsing dollar. If you can convince them that buying into your alternative will even help save the dollars they have banked, so much the better.
I am someone who never wrote about the “dollar collapse,” myself, even during my short stint as editor of the site Dollar Collapse, where I posted articles by others writing about that. I started regularly predicting the dollar’s collapse; however, when Trump became president and made it clear that his new tax policy was going to be built around tariffs.
Tariffs are the gears that will grind the dollar down. I have been saying consistently ever since the start of Trump 2.0 that tariffs are the one thing that can bring the dollar down by the United States’ own doing. I won’t spell out the argument again, but the gist of it for any newcomers is that, by killing international trade with the nation that owns the international trade currency, you kill any need for that trade currency. All other nations become unshackled to use their own choice of currency.
And, so, it is not surprising—it was, in fact, predictable—that the dollar lost more than 10% of its foreign-exchange value last year, just as tariffs were being implemented.
It’s now clear that Trump knew what he was doing. His trade policies are strangling the dollar out of existence as a geo-political convenience that rose to the level of a geo-political necessity. And that makes room for the planned replacement, as I’ll describe below:
Well, actually, as Trump & Sons will describe:
Why should the venture be in the private hands of the president and his family, and not in the hands of the U.S. Treasury?
CNBC put those questions to the president’s sons, World Liberty Financial’s co-founders, Donald Trump Jr. and Eric Trump, in a small event space just off Mar-a-Lago’s swimming pool.
“This is actually going to preserve dollar hegemony,” Donald Trump Jr. replied.
Of course, dollar hegemony wouldn’t need preserving if the long weaponized currency hadn’t been turned into the nuclear global trade weapon, killing off all the trade it formerly fostered.
“There’s crypto companies that are the top five buyers in the world,” he said. “That’s going to actually stabilize the US dollar and do all the things that we need to.”
Of course, they are the ones destabilizing the dollar with the greatest weaponization the dollar has ever seen by taxing trade with the United States in dollars. This scheme has become the new economic axis of US foreign power and has created a nuclear winter in trade for the US. Everything the president doesn’t like gets bombed with the new tax that Americans have to pay, thus attempting to cripple all nations that trade with the US, as their formerly biggest trading partner by making their products unaffordable.
Trump & Sons have a clear replacement plan cooked up that they are only too happy to share because the elite eventually become brazenly overconfident in their position.
As an economic plan, other stories in the headlines above tell us what a bust the Trump Tariffs have been from a trade standpoint. The global trade deficit run by the US has only gotten worse, as I argued all along could be expected when you decide to do currency war with the entire world as your enemy, thereby uniting the world against you. Our trading partners all moved to trading with each other, and cut the US out (or rather let it cut itself out by raising the cost of imports for its own people)
As the stories above describe, the US trade deficit is now the worst it has been since the 1960s, and the change in the deficit that happened in the very final month of 2025 was such a big hit that it looks like the situation is rapidly accelerating downhill for US trade and the trade dollar.
About the author
David Haggith is the publisher/editor-in-chief of The Daily Doom.
Economic, Social and Political News of Our Troubled Times -- a non-partisan daily collection of the most consequential stories about our complex times from multiple sources around the world plus daily editorials like the one you read here.
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