The US Dollar Just Took a Massive PlungeBy Joshua Krause Both American and European stock markets dipped, with the Dow Jones industrial average dropping 49.78 points, and Nasdaq losing 19.71 points. What was even more shocking was the sudden drop in the value of the US dollar, which fell to 9-week lows. This marks the second biggest drop in 6 years, and the worst decline since the dollar began its meteoric rise in 2014. Despite this, recent polls show that American confidence in the economy is remaining stable. However, its hard to say how long the media can maintain this level of optimismif this trend continues. As Zero Hedge put it, This poses a problem for talking-heads: if USD strength is indicative of US economic strength what does a plunging USD imply? Furthermore, we should ask ourselves if this is the first sign of the dollars long-awaited collapse. So far the only reason why the dollar has increased in value, is because every other economy was in slightly worse shape. If the US economy enters another recession (which it looks like it might be ready to) we may see a major exodus from the currency. Compounding matters, is Chinas recent founding of a new international bank, which threatens to derail the dollar as the worlds reserve currency. We may be witnessing the end of the dollars last rally. Joshua Krause is a reporter, writer and researcher at The Daily Sheeple, where this article first appeared. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshuas reports at Facebook or on his personal Twitter. Joshuas website is Strange Danger. 