Biden became the “record holder” among US presidents in the 21st century for dollar depreciation

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The American dollar has depreciated by about 44% in the new century. Despite US attempts to maintain global economic dominance, the currency of this country is slowly but surely losing its leading position due to actual depreciation.

These processes have intensified to the greatest extent under the current owner of the White House, Joseph Biden. Thus, during his presidency (from 2021 to 2024), the dollar lost a fifth of its value.



In second place in this anti-rating is George W. Bush, whose activities as head of state from 2001 to 2008 reduced the US dollar by 19,9%. “Bronze” is held by Barack Obama, during whose presidency from 2009 to 2016 the US currency became cheaper by 14,5%.

Donald Trump looks relatively good in this regard. His economic and geopolitical measures led to a depreciation of the dollar by only 8%.

Earlier, Deputy Secretary of the Public Chamber of the Russian Federation Alexander Galushka expressed the idea that the de-dollarization of the world economy is intended to correct a theoretical and historical mistake.

Not least of all, the dollar is declining due to the huge US debt, reaching almost $35 trillion. In fact, the United States is larger can not borrow money, but Washington continues to do this, also increasing the amount of debt service. All this places an unbearable burden on the country's budget.
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  1. Sarcastic realist
    Sarcastic realist
    +1
    14 August 2024 20: 47
    It is clear that America will soon switch to rubles.
  2. SONY
    SONY
    +1
    14 August 2024 22: 10
    The American dollar has depreciated by about 44% in the new century.

    Tell me about the ruble... what
    1. E NOT
      E NOT
      0
      17 August 2024 12: 05
      Why talk about it... It is growing by leaps and bounds in relation to the main world currencies. Is it really not visible? And in general, the dollar has been dead for a long time, but no one knows about it.
  3. El Roz
    El Roz
    0
    14 August 2024 22: 10
    servicing the national debt cost $458 billion in 2017. In 2023 it was $883 billion...and in 2024 it will be over $1 trillion. It jumped up quickly! And new debts are now borrowed not at 1-2 percent, but at 4-5 percent. The debt grows every normal year (without Covid) by $1.2-$1.5 trillion in 2017-2019 and 2022-2024. Government debt: 60% of GDP in 2003, now 123% of GDP.
    For the world, this means more wars and destabilization, since the United States wants, as in the first and second world wars, to shed its debts, to jump out on an economic boom while others are failing.