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Ripple Effect

The US Dollar, Trading Like a Memecoin

Loading ...Addison Wiggin

July 7, 2025 • 1 minute, 47 second read


international tradeUS dollar

The US Dollar, Trading Like a Memecoin

We’re now in the second half of 2025. While market volatility may be the big story this year, the bigger story may be that of the U.S. dollar itself.

Year-to-date, it’s down over 10%.

That’s a huge move for any currency.

But usually the 10% moves occur in third-world countries experiencing a crisis, not the so-called world reserve currency.

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The U.S. dollar has sold off heavily year-to-date.

The greenback started the year at 52-week highs. So, part of the pullback would have simply been reversion to the mean – the tendency of assets to move back to their averages over time.

However, the further drop suggests a shift away from the dollar, just in time for the BRICS summit in Rio de Janeiro, which is underway this morning.

~ Addison

Why Are 21 Billionaires
Moving Their Money ASAP?

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Under the surface of the U.S. financial system…

One of the biggest stock market events in 25 years is rapidly unfolding…

The economist who predicted the 2008 Financial Crisis says it will be: “The Biggest Crash of Our Lifetime.”

Starting August 27th — your favorite tech stocks like Nvidia, Apple, Microsoft, Google, and hundreds more could come crashing down…

Cutting the entire tech market by HALF – virtually overnight.

This is why the world’s financial elite are panic-selling stocks at the fastest rate in a decade.

To help you prepare…

Our guest expert is giving you his #1 stock to profit – 100% FREE.

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P.S. The dollar’s weakening may have been the key push to get the stock market back to all-time highs, not anything fundamental. Many hedge funds are betting big on a pullback in the stock indexes. We’re also expecting continued weakness in the dollar globally.

Paid members, please join us for Grey Swan Live! with Matt Milner , Thursday, July 10 at 11 a.m. ET. With both private credit and private equity markets gaining pop trend status in the investment markets, we’ll dig deeper into Elon Musk’s SpaceX and xAI private placements — the next curveballs from the Trump arch-nemesis universe.

As always, your reader feedback is welcome: feedback@greyswanfraternity.com (We read all emails. Thanks in advance for your contribution.)


The Crack-Up Boom – Part II

July 29, 2025 • Addison Wiggin

Never in the history of man had any people been able to get rich by spending money  .  .  .  nor had investment markets ever made the average buy-and-hold investor rich  .  .  .  nor had paper money, unbacked by gold, ever retained its value for very long.

In the late 1990s, however, all these things seemed not only possible, but inevitable. Everything seemed to be going in Americans’ favor. Then, suddenly, at the beginning of this new century, everything seemed to be going against them.

How could US consumer capitalism, which had been phenomenally successful for so long, fail them now? It can’t, they will say to themselves. Why should they have to accept a decline in their standards of living, when everybody knew that they were getting richer and richer? It cannot be.

Besides, said Americans to themselves in early 2003, if there were problems, they must be the fault of others: terrorists, greedy CEOs, or policy errors at the Fed.

The Crack-Up Boom – Part II
The Latest Meme Stock Craze Is About Out of Gas

July 29, 2025 • Addison Wiggin

While meme stocks sound innocuous, there is a critical factor that causes these names to get sudden interest from retail investors: a high level of short interest.

After all, if you’re short a stock and it starts to rise, you start to lose money on the trade.

That means if investors can engineer a move higher in a heavily-shorted stock, a squeeze could trigger as shorts buy to close.

That’s why heavily-shorted stocks, often unprofitable has-beens in the business world, have periods of strong performance.

The Latest Meme Stock Craze Is About Out of Gas
Where There’s Smoke…

July 29, 2025 • Addison Wiggin

Against the earnings backdrop, the Fed begins its two-day meeting. Given Trump’s open desires for lower rates, Jerome Powell and the Fed governors are under political scrutiny as much as they usually are under the watchful eye of Wall Street.

While most big analysts expect no change in rates, one voice is warning markets that the Fed might… raise rates.

Raise rates…what?! Now?! Sacrilege!

“The unemployment rate is low, but the rate of inflation is somewhat elevated,” economist William Silber argues in The Wall Street Journal.

“That suggests, if anything, the target interest rate should be higher to push down inflation.”

Inflation is still running hot — 2.7% in June, up from 2.4% in May — and unemployment ticked down to 4.1%. Despite pressure, the Fed hasn’t budged since December, holding rates steady at 4.25–4.50%.

Where There’s Smoke…
The Crack-Up Boom – Part I

July 28, 2025 • Addison Wiggin

The crash of the Nasdaq was caused by the people who bid up prices in the years preceding.

In the 5 years ahead of the 2000 crash, prices rose six times.

Had buyers not been so bullish, sellers would not have had so much to sell. In the event, prices fell in half . . . and then in half again.

The crash did not just happen; it happened because of the bubble in tech shares. A bubble is a natural market phenomenon. But bubbles are created by man; all bubbles are destroyed by men too.

The Crack-Up Boom – Part I