The US dollar, the global reserve asset of the world, is now out of control. USD’s purchasing power is rapidly decreasing, weakening American currency at a record-breaking pace. Moreover, Trump’s consistent tariff policies have led to uncertainty in global markets and put pressure on the dollar at its core. Trump is also positioned to lower interest rates faster than delaying, which could change global sentiment again and weaken investment in dollar-backed assets. With such a massive change happening at a rapid pace, one key asset manager believes the dollar could continue to roll through the dust in the near future.
Dollars to continue to decline?
According to a recent Bloomberg article, Double Line Capital’s Bill Campbell believes the US dollar is poised to drop even further in the near future. In a recent memo, Campbell shared how the appointment of a new Federal Reserve Chair, which could ultimately be cut, could thwart future progress in the US dollar.
“Potentially there is more gas left in the tank due to lower dollars.” Campbell said in an interview.
The double-line capital boasts a $950 billion AUM, but added that interest rate cuts could later be a significant phenomenon that could put further risk. The aforementioned developments could slow the US economy a little bit, potentially causing a blow to the value and power dynamics of USD.
Ray Dario believes USD might stay in gold again
Ray Dalio, a well-known financial expert and CEO of Bridgewater Associates, once again called for a US economic collapse. Dario shares how the spiral reverses the time, bringing the gold peg back to positive considerations.
“The US dollar was backed by gold. And it’s not an exaggeration to think that we might be heading there again in the future. History shows that the same cycle is repeated over and over again. One such cycle is related to currency devaluation. When people start to lose faith in the Fiat system, they see that certain causal relationships occur. 1) The government prints a lot of money. 2) They pay off their debts with cheap money. 3) I don’t want to hold devalued currency. 4) The government will return and link money to money. ”
The US dollar was once supported by gold, but it’s not an exaggeration to think that it might be heading there again in the future.
History shows that the same cycle is repeated over and over again. One such cycle is related to currency devaluation.
If people start to lose their trust… pic.twitter.com/d6sfrtod0i
– Raya (@rayalio) August 5, 2025
