COLUMN: Fox News Wakes Up America Before the Dollar’s Collapse

When America Imports Its Own Downfall

In theory, a currency devaluation can boost exports by making domestic products cheaper abroad. However, this classic economic reasoning falls apart in the case of the United States. The United States is not a major exporter—it is the world’s largest importer. A weaker dollar means that the consumer goods, luxury items, and commodities Americans buy become exorbitantly expensive. It’s a vicious cycle that punishes ordinary citizens for the political mistakes of their leaders.

I’m sick and tired of this casino economy that sacrifices ordinary people on the altar of ideology. The hardworking man or woman who just wants to provide a decent life for their family will pay the price. Not the millionaires, not the corporations, not the politicians. They’ll always find a way to get by. It’s the workers, the middle class, and the most vulnerable who will bear the brunt. It’s immoral.

The Dollar Is Losing Its Global Crown

The U.S. dollar is gradually losing its status as the world’s reserve currency—that privileged position that once conferred exceptional value upon it and contributed to the United States’ wealth. Investors and nations now view the greenback as an increasingly unstable choice. This erosion can be attributed in part to the Trump administration’s erratic policy decisions, particularly its improvised and contradictory tariffs, which are creating paralyzing uncertainty in global markets.

American arrogance always ends up costing dearly. We’ve become so accustomed to dictating the course of the world, imposing sanctions left and right, and treating other nations like vassals that we’ve forgotten the balance of power can shift overnight. When you abuse your dominant position, you eventually end up with no one left to follow you. History has taught us this time and again. Why don’t we ever listen?

The Sharp Economic Weapon

The decline of the dollar did not begin solely during the Trump era. Under several successive U.S. presidents, the United States has waged a veritable economic war through sanctions on a global scale. More than a quarter of the world’s population now lives in countries sanctioned by Washington and its European allies. These sweeping sanctions have prompted the targeted nations—and their trading partners—to develop alternative financial arrangements outside the U.S. sphere of influence to circumvent these crippling restrictions.

It is the ultimate paradox. By trying to punish the entire world, we have isolated ourselves. Every sanction, every coercive measure, every attempt at economic domination has been another nail in the coffin of the dollar’s hegemony. We took others for fools, for docile vassals. What a mistake. The world has watched, learned, and is now building its own systems. We have created our own enemy.

The Gradual Shift Away from the Greenback

The data reveal a worrying but predictable trend: the world is gradually moving away from the dollar and returning to traditional safe-haven assets such as gold. This return to basics is not driven by nostalgia but by pragmatism. Gold has survived millennia of economic turmoil, while fiat currencies regularly collapse. The transition from a unipolar world dominated by the dollar to a multipolar reality where gold regains its central role seems inevitable despite desperate efforts to maintain the status quo.

There is something poetic about this return to gold. It is as if the world, weary of politicians’ empty promises and central banks’ manipulations, were turning to something tangible, something real. Gold promises nothing, but it never lies. It is there. It endures. Perhaps that is what we are missing in these times of fragile certainties and fleeting truths—something solid to hold on to.

Time is running out dangerously fast

The crucial question is not whether the United States is facing its worst financial catastrophe since the Great Depression of 1929, but just how devastating this crisis will be. The warning signs are piling up at an alarming rate: foreign exchange reserves in dollars are plummeting, countries are developing alternative payment systems, and gold is reaching historic highs. Every day that passes without significant corrective measures brings America closer to the brink. The consequences of such a collapse would affect not only the United States but the entire global economy.

This urgency consumes me. I can sense the implosion approaching, just as one senses a storm before the lightning strikes. The air is heavy, electric, and thick with menace. And meanwhile, fruitless debates continue, political distractions multiply, and people squabble over trivialities while the house is burning. It is this collective complacency that frightens me the most—the refusal to face the truth until it hits us head-on.

A President Asleep at the Wheel

Donald Trump is literally the last person anyone would want at the helm during such a financial storm. Recent footage shows him falling asleep in the middle of televised meetings—behavior that would be considered catastrophic for any other leader but seems to be tolerated or ignored by a media outlet obsessed with sensationalism. This lack of leadership in the face of the greatest economic threat in decades is a monumental failure. The warnings are now ringing so loud that even Fox News, usually so complacent, can no longer ignore them.

It makes me sick. Literally physically sick. Seeing someone sleep while the country is falling apart goes beyond incompetence—it’s criminal negligence. And the worst part is the silence of those who know. Journalists, analysts, experts—they see it, they understand it, but they remain silent. Out of fear, out of self-interest, out of cowardice. Where is the anger? Where is the outrage? How can we accept this?

The people will pay a heavy price

The repercussions of this collapse of the dollar will be felt at every level of American society. Runaway inflation could devour savings, pensions, and assets. The cost of living could skyrocket, making basic goods unaffordable for millions of families. Homeowners could see the value of their homes evaporate. Companies could go bankrupt in droves, triggering a wave of mass layoffs. It’s a nightmarish scenario that seems to be taking shape more and more every day, and the necessary preventive measures simply aren’t being taken.

That’s what breaks my heart. It’s the people who’ve done everything right—who’ve worked hard, saved, and followed the rules—who are going to lose everything. Not the speculators, not the fraudsters, not the corrupt politicians. Honest people, ordinary families, retirees who have spent their lives building something. It is this fundamental injustice that revolts me to the very core of my being.

America at a Crossroads

The United States finds itself at a decisive moment in its financial history. The decline of the dollar as the global reserve currency is no longer a distant possibility but a reality unfolding before our eyes. The decisions made—or not made—in the coming months will determine whether this transition will proceed in a relatively controlled manner or whether it will trigger unprecedented economic chaos. One thing is certain: the era of unchallenged dollar hegemony is a thing of the past, and America must adapt to this new reality or risk complete collapse.

I feel as if I’m on a ship taking on water from all sides, while the crew continues to throw parties on deck. The modern-day Titanic, political edition. It is both tragic and fascinating to see how civilizations collapse—not because of external forces but because of their own blindness, arrogance, and refusal to change. Perhaps everything has to come crashing down before something new can emerge. But my God, what a terrible loss along the way.

Signed, Jacques Provost