(UnSplash photo)
More and more are seeing that US dollar dominance is decreasing. Notice the following which mentions a ‘Dollar Apocalypse’:
2026 Dollar Apocalypse: How Trump’s Arrogance is Breaking the Global Financial System
January 28, 2026
The world is quietly preparing for a future Washington refuses to acknowledge. What is unfolding now is not a sudden crisis, nor a market accident, but the delayed bill for years of political arrogance and monetary abuse. The dollar’s reckoning did not begin in 2025 or 2026. It began the moment the United States discovered it could escape accountability by manufacturing money, and that no one could stop it.
In 2008, the Federal Reserve lit the fuse, flooding the system with liquidity to rescue a financial order that had collapsed under its own corruption. The world was told this was an emergency measure, a one-off intervention, a necessary evil. It was none of those things. It established a precedent that every government, investor, and central bank understood instinctively: when the system breaks, the dollar is debased so the architects of the failure can walk away intact.
In 2020, that lesson hardened into doctrine. Trillions were conjured again, not merely to stabilise markets, but to shut down an economy and erase the political cost. That was the confirmation moment. The moment it became clear that when America is under pressure, the dollar is expendable. Allies will be made to absorb the inflation. Rivals will be disciplined with sanctions. The United States will protect itself first, always. …
At Davos, that fracture was laid bare. Treasury Secretary Scott Bessent openly mocked European concerns about dumping U.S. Treasuries. Denmark’s holdings, he said, were irrelevant. European pension funds pulling back? Nothing to worry about. He spoke with the arrogance of a man who believes demand for American debt is a law of nature rather than a choice. That arrogance is not incidental. It is the disease. …
For years, Europe played along. It funded U.S. deficits. Parked pension savings in Treasuries. Absorbed Washington’s monetary excesses while pretending the alliance was symmetrical. That illusion is collapsing fast.
Europe’s largest pension fund cut its U.S. government debt exposure by €10 billion in a single year. The reasons were blunt: poor U.S. fiscal discipline, a weakening dollar, and rising macroeconomic risk driven by political instability in Washington. In private, the fear is more explicit. Trump is back. And no one in Europe trusts restraint to survive his return.
Why should they? The first Trump administration weaponised tariffs against allies as casually as against adversaries. …
Gold is repatriated. Counterparty risk, a phrase once confined to textbooks, becomes policy. In 2025, it was the first time in almost thirty years that central banks around the globe were holding more gold than U.S. Treasuries. This marks a significant change in the management of global reserves, influenced by risks associated with sanctions, worries about debt, and the pursuit of diversification.
Germany’s debate over its gold reserves is not paranoia. It is precedent-driven realism. …
This is not the world turning against America. It is the world reacting to America.
An attitude problem has metastasised into a systemic risk. Mockery in Davos. Threats instead of diplomacy. Sanctions as reflex. Trade wars without strategy. Monetary debasement without accountability. The assumption that everyone will keep buying U.S. debt because they always have.
They won’t.
US arrogance and debt policies are symptoms of the disease.
Notice the following scriptures related to the real cause:
5 … if you carefully obey the voice of the Lord your God, to observe with care all these commandments which I command you today. 6 For the Lord your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you. (Deuteronomy 15:5-6)15 “But it shall come to pass, if you do not obey the voice of the Lord your God, to observe carefully all His commandments and His statutes which I command you today, that all these curses will come upon you and overtake you:
16 “Cursed shall you be in the city, and cursed shall you be in the country. …
43 “The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. (Deuteronomy 15:15-16, 43-44)
6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his — how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you, Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:6-8)
Yes, the creditors of the USA will rise up. Right now, we are seeing a slow burn.
Understand that it is the USA which is the most indebted nation in the history of humanity.
That is a curse, and while the ‘dollar apocalypse’ is not here yet, it is coming.
Early this month, we produced the following sermon:
Habakkuk: Faith, USA’s End, & Jesus’ Return
In this sermon video, Dr. Thiel goes over each and every verse of the Book of Habakkuk. He also quotes other supportive verses in the Old and Testaments, certain Church of God writings, and even the Dead Sea Scroll ‘Commentary on Habakkuk.’ He spends time on the background of Habakkuk, how to live by faith, and prophetic matters. He explains why he believes that Habakkuk 2:2-8 is related to the coming destruction of the USA by creditors, why that is not a reference to the end of end-time Chaldean /Babylon, and that Habakkuk 2:9-17 is referring to peoples and a different time period than the earlier portion of the chapter (which relates to the beginning of the appointed time of the end). Scriptures related to the destruction of the European ‘daughter of Babylon’ by a Russian-led, Asian multi-national force, as well as the return of Jesus are cited.
Here is a link to the sermon: Habakkuk: Faith, USA’s End, & Jesus’ Return.
What about gold and silver?
While the Bible shows that gold and silver will one day be considered worse than useless (cf. Ezekiel 7: 19), it also shows that it will have value after the USA is defeated –and its dollar is no more (cf. Daniel 11:39-43).
The USA dollar will collapse one day–and some type of European-backed currency, possibly the Euro or perhaps some type of international basket of currencies will replace the US dollar as the world’s reserve currency.
Here is something from my free eBook book Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies?:
It may be of interest to note that back in the 1970s Europe was looking for a gold-backed currency.[i] European central banks have, overall (there have been sales too by the European central banks), been accumulating gold since, and some in 2024 believe that the Europeans are still planning on having some type of gold-backing (or at least implied) of a European currency.[ii]
Since many are now questioning the role of the USA dollar as the world’s reserve currency, more are looking into other currencies as well as gold.
Gold will set records in U.S. dollar terms.
In 2017, I also published that last statement in my book related to Donald Trump, and it did hit records in July and August in 2020. [iii] Now, despite having ups and downs, as well as records hit in 2024, gold will set further records in U.S. dollar terms in the relatively near future.
It has been asserted that:
The only replacement for fiat {currency} is a currency credibly backed by gold.[iv]
Although the above can be debated, the reality is after the elimination of the USA and the crash of its dollar, the world will want something more stable than unbacked currency. Thus, it is likely that some type of gold-backed currency will emerge as the preferred reserve currency in the world.
It has long been reported that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance.”[v] Various steps were also taken in 2022 and 2024.[vi]
When the U.S. dollar totally collapses people all around the world will consider that even if the euro (or something similar) is strong, having a more gold-backed currency would be safer.
The collapse of the USA dollar will shake a lot of the world’s confidence in non-gold backed currencies. The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the USA dollar or various other currencies.
Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.
The debt accumulation policies of the Obama-Biden and the Trump-Pence Administrations, which were a massive acceleration of the previous policies of the Bush Administration, have to a large degree been continued and expanded by the Biden-Harris Administration.
The increases in America’s debt are heading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.
A Trump-Vance Administration would need to make massive changes to possibly prevent this.
The USA and its dollar are at serious risk.
The increases in America’s debt are leading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.
The USA and its dollar are at serious risk.
[i] Nieuwenhuijs J. Europe Has Been Preparing A Global Gold Standard Since The 1970s. SeekingAlpha.com, July 16, 2020
[ii] Nieuwenhuijs J. Europe Is Finalizing Preparations for a Gold Standard. ActivistPost.com, November 9, 2024
[iii] Gold hits new record, posts best month since 2016 CNBC, July 30, 2020; Woodall T. Gold surges to new highs as US dollar weakens despite growing macro risks. S&P Global, August 10, 2020
[iv] MacLeod A. Designing a new currency is impractical. Goldmoney Insights, March 24, 2022
[v] Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016
[vi] Guistra F. Why the U.S. dollar will be replaced as the dominant global currency — sooner than you think. Toronto Star, July 5, 2022; Bezek I, Duggan W. De-Dollarization: What Would Happen if the Dollar Lost Reserve Currency Status? US News & World Report, November 2024
The US dollar will one day be worth no more than its scrap or burning value, other than perhaps as a collector’s novelty.
As far as gold as a partial replacement for the US dollar, years ago the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:
China introduced something that was called the gold-petro-yuan back in 2018. Since then, the global share of US-dollar-dominated exchange reserves have dropped to 59.0%. In April 2021, China became the first major economy to unleash a Central Bank Digital Currency. China also has given its banks permission to import large amounts of gold. Is China preparing for a gold-backed yuan to push aside the US dollar or to help it survive a US dollar cataclysm? Are other nations preparing to push the US dollar aside? Do Europeans seem to have the most gold? Are Europeans prophesied to gain more gold? Is the US debt trajectory sustainable per Fed Chairman Jerome Powell? Does the Bible warn of the end coming to the highly indebted in Habakkuk 2:6-8? Why does it looked like a gold-backed currency will replace the US dollar? Will the US dollar, ultimately, become essentially worthless? Dr Thiel addresses these issues and more.
Here is a link to our video: Gold Backed Currency to Replace the US Dollar?
The US dollar will collapse a few years before Jesus returns.
If you think that the USA and its dollar will continue to be number 1 and claim to believe the Bible, please consider biblical prophecies such as Daniel 11:39; Habakkuk 2:6-8; Isaiah 10:5-11 (see also USA in Prophecy: The Strongest Fortresses and/or watch Do these 7 prophesies point to the end of the USA?).
Hopefully, you are taking the proper spiritual steps now, whether or not you might be American.
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold and silver? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
HABAKKUK Here is a link to the article Commentary on Habakkuk and the End of the United States. God gave Habakkuk a message on living by faith. Did God give a prophecy concerning debt and the destruction of the United States?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Three related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency and Donald Trump and Unintended Consequences.
Unintended Consequences and Donald Trump’s Presidency: Is Donald Trump Fulfilling Biblical, Islamic, Greco-Roman Catholic, Buddhist, and other America-Related Prophecies? Is Donald Trump going to save the USA or are there going to be many disastrous unintended consequences of his statements and policies? What will happen? This is a free eBook.